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Code · BILL · 115th Congress · H.R. 7306 (Introduced in House) — To establish the Democracy Dollars Program under which citizens may direct the making of payments to candidates in el... · Sec. 104

Sec. 104. Democracy Dollars Exploratory Fund

304 words·~1 min read·/bill/115/hr/7306/ih/section-104

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As a condition of eligibility to receive payments under the Democracy Dollars Program, a candidate (including the authorized committees of a candidate) shall— establish a separate account to be known as the Democracy Dollars Exploratory Fund ; accept a qualified contribution (as described in subsection (b)) from a number of individuals equal to or greater than the applicable donor threshold described in subsection (c); and deposit into Democracy Dollars Exploratory Fund an aggregate amount of qualified contributions accepted by the candidate or the committee which is equal to the applicable dollar threshold described in subsection (d).
In this section, a qualified contribution means a contribution to a candidate or an authorized committee of a candidate which does not consist of any personal funds of the candidate and which is made by an individual who is not a member of the immediate family of the candidate, except that such term does not include a contribution made to the candidate or committee by another candidate (or an authorized committee of such a candidate) using a payment received under the Program, as described in section 103(b).
In this section, the applicable donor threshold with respect to a candidate or authorized committee is— 125 individuals, in the case of a candidate for a House election; 250 individuals, in the case of a candidate for election for the office of Senator; or 500 individuals, in the case of a candidate for election for the office of President or Vice President. In this section, the applicable dollar threshold with respect to a candidate or authorized committee is— $50,000, in the case of a candidate for a House election; $500,000, in the case of a candidate for election for the office of Senator; or $1,000,000, in the case of a candidate for election for the office of President or Vice President.
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