Sec. 504. Repeal of special contribution limits for contributions to national parties for certain purposes
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Section 315(a) of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30116(a) ) is amended— in paragraph (1)(B), by striking , or, in the case of contributions made to any of the accounts described in paragraph (9), exceed 300 percent of the amount otherwise applicable under this subparagraph with respect to such calendar year , in paragraph (2)(B), by striking , or, in the case of contributions made to any of the accounts described in paragraph (9), exceed 300 percent of the amount otherwise applicable under this subparagraph with respect to such calendar year , and by striking paragraph (9).
Section 315(d) of such Act ( 52 U.S.C. 30116(d) ), as amended by section 202, is amended by striking paragraph (5). The amendments made by this section shall apply to contributions made after the date of the enactment of this Act. Not later than 90 days after the date of the enactment of this Act, each political committee established and maintained by a political party shall distribute all amounts in accounts described in section 315(a)(9) of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30116(a)(9) ) to individuals who made contributions to such accounts.
The amount distributed to any contributor form any account shall bear the same ratio to the amount of contributions made by such contributor to such account as the balance of such account on the date of the enactment of this Act bears to the total amount of contributions made to such account.
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Sec. 504
Repeal of special contribution limits for contributions to national parties for certain purposes
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