Sec. 5202. Eligibility requirements for matching payments
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Section 9033(b)(3) of the Internal Revenue Code of 1986 is amended— by striking $5,000 and inserting $25,000 ; and by striking 20 States and inserting the following: 20 States (disregarding any amount of contributions from any such resident to the extent that the total of the amounts contributed by such resident for the election exceeds $200) . Paragraph
(4)of section 9033(b) of such Code is amended to read as follows: the candidate and the authorized committees of the candidate will not accept aggregate contributions from any person with respect to the nomination for election to the office of President of the United States in excess of $1,000 for the election. . Section 9033(b) of such Code is amended by adding at the end the following new flush sentence: For purposes of paragraph (4), the term contribution has the meaning given such term in section 301(8) of the Federal Election Campaign Act of 1971. . Section 9032(4) of such Code, as amended by section 5201(a)(3)(A), is amended by inserting or 9033(b) after 9034 . Section 9033(b) of such Code is amended— by striking and at the end of paragraph (3); by striking the period at the end of paragraph
(4)and inserting , and ; and by inserting after paragraph
(4)the following new paragraph: if the candidate is nominated by a political party for election to the office of President, the candidate will apply for and accept payments with respect to the general election for such office in accordance with chapter 95. . Section 9033(b) of such Code, as amended by subsection (c), is amended— by striking and at the end of paragraph (4); by striking the period at the end of paragraph
(5)and inserting ; and ; and by inserting after paragraph
(5)the following new paragraph: the candidate will not establish a joint fundraising committee with a political committee other than another authorized committee of the candidate, except that candidate established a joint fundraising committee with respect to a prior election for which the candidate was not eligible to receive payments under section 9037 and the candidate does not terminate the committee, the candidate shall not be considered to be in violation of this paragraph so long as that joint fundraising committee does not receive any contributions or make any disbursements during the election cycle for which the candidate is eligible to receive payments under such section. .