Sec. 4001. Use of Presidential Election Campaign Fund for Congressional candidates
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Subtitle H of the Internal Revenue Code of 1986 is amended by adding at the end the following new chapter: Sec. 9051. Payments to Congressional candidates. The Secretary shall maintain in the Presidential Election Campaign Fund established by section 9006(a), in addition to any account which he maintains under such section, a separate account to be known as the Empowering Citizens Payment Account (hereinafter in this section referred to as the Account ). The Secretary shall deposit into the Account the excess of— the balance of the Federal Election Campaign Fund (determined without regard to the Account), over the amount determined by the Secretary to be required for payments under section 9006(c) and for payments under section 9037(b).
There are hereby appropriated to the Account an amount equal to the excess (if any) of— the amount required to provide payments to candidates for election to the office of Senator or Representative in, or Delegate or Resident Commissioner to, the Congress who are participating candidates under title V of the Federal Election Campaign Act of 1971, over the amounts transferred to such Account under paragraph (1). The Secretary shall transfer amounts in the Account to the Federal Election Commission, at such times and in such amounts as the Federal Election Commission may certify, for payments to candidates for election to the office of Senator or Representative in, or Delegate or Resident Commissioner to, the Congress who are participating candidates under title V of the Federal Election Campaign Act of 1971. .