Sec. 1. Timeframe for and prioritization of disposal of contributions or donations
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Section 313 of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30114 ) is amended— by redesignating subsection
(c)as subsection (d); and by inserting after subsection
(b)the following new subsection: Contributions or donations described in subsection
(a)may only be used, in the case of an individual who is not a candidate with respect to an election for any Federal office for a 6-year period beginning on the day after the date of the most recent such election in which the individual was a candidate for any such office, during such 6-year period. Beginning on the date the 6-year period described in paragraph
(1)ends, contributions or donations that remain available to an individual described in such paragraph shall be disposed of, not later than 30 days after such date, as follows: First, to pay any debts or obligations owed in connection with the campaign for election for Federal office of the individual. Second, to the extent such contribution or donations remain available after the application of subparagraph (A), to return such contributions or donations to the individuals, entities, or both, who made such contributions or donations. Third, to the extent such contributions or donations remain available after the application of subparagraphs
(A)and (B), to make contributions to an organization described in section 170(c) of the Internal Revenue Code of 1986. Fourth, to the extent such contributions or donations remain available after the application of subparagraphs (A), (B), and (C), to make transfers to a national, State, or local committee of a political party. .
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Sec. 1
Timeframe for and prioritization of disposal of contributions or donations
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