A bill to amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential elections, and for other purposes.
Empower Act of 2019
This bill modifies the system for the public financing of presidential primary and general elections.
The bill (1) eliminates spending limits on participating candidates, (2) increases the amount of matching funds for participating candidates by matching the first $200 of contributions by individuals to candidates at a 6:1 ratio, (3) requires participating candidates to agree to accept contributions of no more than $1,000, and (4) allows national parties to expend up to $100 million in coordination with participating candidates.
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 39.
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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