Sec. 5201. Increase in and modifications to matching payments
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The first sentence of section 9034(a) of the Internal Revenue Code of 1986 is amended— by striking an amount equal to the amount of each contribution and inserting an amount equal to 600 percent of the amount of each matchable contribution (disregarding any amount of contributions from any person to the extent that the total of the amounts contributed by such person for the election exceeds $200) ; and by striking authorized committees and all that follows through $250 and inserting authorized committees .
Section 9034 of such Code is amended— by striking the last sentence of subsection (a); and by adding at the end the following new subsection: For purposes of this section and section 9033(b)— The term matchable contribution means, with respect to the nomination for election to the office of President of the United States, a contribution by an individual to a candidate or an authorized committee of a candidate with respect to which the candidate has certified in writing that— the individual making such contribution has not made aggregate contributions (including such matchable contribution) to such candidate and the authorized committees of such candidate in excess of $1,000 for the election; such candidate and the authorized committees of such candidate will not accept contributions from such individual (including such matchable contribution) aggregating more than the amount described in subparagraph (A); and such contribution was a direct contribution.
For purposes of this subsection, the term contribution means a gift of money made by a written instrument which identifies the individual making the contribution by full name and mailing address, but does not include a subscription, loan, advance, or deposit of money, or anything of value or anything described in subparagraph (B), (C), or
(D)of section 9032(4). For purposes of this subsection, the term direct contribution means, with respect to a candidate, a contribution which is made directly by an individual to the candidate or an authorized committee of the candidate and is not— forwarded from the individual making the contribution to the candidate or committee by another person; or received by the candidate or committee with the knowledge that the contribution was made at the request, suggestion, or recommendation of another person. In subparagraph (A)— the term person does not include an individual (other than an individual described in section 304(i)(7) of the Federal Election Campaign Act of 1971), a political committee of a political party, or any political committee which is not a separate segregated fund described in section 316(b) of the Federal Election Campaign Act of 1971 and which does not make contributions or independent expenditures, does not engage in lobbying activity under the Lobbying Disclosure Act of 1995 ( 2 U.S.C. 1601 et seq.), and is not established by, controlled by, or affiliated with a registered lobbyist under such Act, an agent of a registered lobbyist under such Act, or an organization which retains or employs a registered lobbyist under such Act; and a contribution is not made at the request, suggestion, or recommendation of another person solely on the grounds that the contribution is made in response to information provided to the individual making the contribution by any person, so long as the candidate or authorized committee does not know the identity of the person who provided the information to such individual. . Section 9032(4) of such Code is amended by striking section 9034(a) and inserting section 9034 . Section 9033(b)(3) of such Code is amended by striking matching contributions and inserting matchable contributions . Section 9034(a) of such Code is amended— by striking Every and inserting the following: Every ; by striking shall not exceed and all that follows and inserting shall not exceed $250,000,000. , and by adding at the end the following new paragraph: In the case of any applicable period beginning after 2029, the dollar amount in paragraph
(1)shall be increased by an amount equal to— such dollar amount, multiplied by the cost-of-living adjustment determined under section 1(f)(3) for the calendar year following the year which such applicable period begins, determined by substituting calendar year 2028 for calendar year 1992 in subparagraph
(B)thereof. For purposes of this paragraph, the term applicable period means the 4-year period beginning with the first day following the date of the general election for the office of President and ending on the date of the next such general election. If any amount as adjusted under subparagraph
(1)is not a multiple of $10,000, such amount shall be rounded to the nearest multiple of $10,000. .
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Sec. 5201
Increase in and modifications to matching payments
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