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Code · BILL · 113th Congress · H.R. 270 (Introduced in House) — To amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential elections, to es... · Sec. 122

Sec. 122. Contributions for political conventions

283 words·~1 min read·/bill/113/hr/270/ih/section-122

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Section 315(a)(1) of the Federal Election Campaign Act of 1971 ( 2 U.S.C. 441a(a)(1) ) is amended— by striking or at the end of subparagraph (C); by striking the period at the end of subparagraph
(D)and inserting ; or ; and by adding at the end the following new subparagraph: to the national nominating convention account of political committees established and maintained by a national political party, in any 4-year period ending on the last day of the calendar year beginning on the day after a general election for the office of President which, in the aggregate, exceed the dollar amount in effect under subparagraph (B); . Section 315(a)(1)(B) of such Act (2 U.S.C. 441a(a)(1)(B)) is amended by inserting (other than to the national nominating convention accounts of such political committees which are described in subparagraph (E)) after national political party . Section 315(a)(3) of such Act (2 U.S.C. 441a(a)(3)) is amended by adding at the end the following new flush sentence: The dollar amount in subparagraph
(B)shall be increased by the amount of contributions (not in excess of the dollar amount in effect under subparagraph (E)) made to the national nominating convention account of a political committee established and maintained by a national political party during the period described in the preceding sentence. . Section 315(a) of such Act (2 U.S.C. 441a(a)) is amended by adding at the end the following new paragraph: For purposes of this subsection, the national nomination convention account of any political committees established and maintained by a national political party is a separate account the funds of which may only be used to defray the costs of the national nominating convention of such party. .
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Sec. 122
Contributions for political conventions
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