Sec. 779. Payments for Presidential nominating conventions
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/bill/116/s/5070/is/section-779A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 9008 of the Internal Revenue Code of 1986 is amended— in subsection (i)— in paragraph
(1)by striking the entitlement and inserting subject to subsection (j), the entitlement ; in paragraph (2), by striking maintained for and all that follows through under this section ; and by adding at the end the following new subsection: Notwithstanding subsection (i)(1), effective with respect to nominating conventions for the Presidential election held in 2028 and each succeeding Presidential election, a major party or minor party shall be entitled to a payment under this section. The Secretary shall maintain in the fund, in addition to any account which the Secretary maintains under section 9006(a) or subsection (a), a separate account for the national committee of each major party and minor party. The Secretary shall deposit in each such account an amount equal to the amount which each such committee may receive under subsection (b). Such deposits shall be drawn from amounts transferred under section 9013(a) and shall be made before any transfer is made to any account for any eligible candidate under section 9006(a). . Section 9009(a) of the Internal Revenue Code of 1986 is amended— in paragraph (2), by striking and at the end; in paragraph (3), by striking the period at the end and inserting a semicolon; and by adding at the end the following new paragraphs: the expenses incurred by the national committee of a major party or minor party with respect to a presidential nominating convention; the amounts certified by it under section 9008(g) for payment to each such committee; and the amount of payments, if any, required from such committees under section 9008(h), and the reasons for such payment. . Section 9012 of the Internal Revenue Code of 1986 is amended— in subsection (a)(1), by inserting the following after the first sentence: It shall be unlawful for the national committee of a major party or minor party knowingly and willfully to incur expenses with respect to a presidential nominating convention in excess of the expenditure limitation applicable with respect to such committee under section 9008(d) or for any host committee knowingly and willfully to incur such expenses in excess of such expenditure limitation, unless the incurring of such expenses is authorized by the Commission under section 9008(d)(3). ; in subsection (c), by redesignating paragraph
(2)as paragraph
(3)and inserting the following after paragraph (1): It shall be unlawful for the national committee of a major party or minor party which receives any payment under section 9008(b)(3) to use, or authorize the use of, such payment for any purpose other than a purpose authorized by section 9008(c). ; in subsection (e)(1), by adding at the end the following new sentence: It shall be unlawful for the national committee of a major party or minor party knowingly and willfully to give or accept any kickback or any illegal payments in connection with any expense incurred by such committee with respect to a presidential nominating convention. ; and in subsection (e)(3), by inserting , or in connection with any expense incurred by the national committee of a major party or minor party with respect to a presidential nominating convention after or their authorized committees . Section 9008 of the Internal Revenue Code of 1986 is amended— in subsection (a)— in the first sentence, by striking national committee of each major party and minor party and inserting amounts transferred under subsection (i)(2) ; in the second sentence, by striking each such account and all that follows through may receive and inserting such account an amount equal to the aggregate amount that the national committee of each major party and minor party is entitled to receive under subsection
(b); in subsection (b)(3), by striking subsection
(a)and inserting subsection
(j); and in subsection (i)(2), by striking all amounts and all that follows through minor party and inserting all amounts in the account established under subsection
(a). Nothing in the provisions of, or amendments made by, this section shall affect amounts transferred to the 10-Year Pediatric Research Initiative Fund pursuant to section 9008(i)(2) of the Internal Revenue Code of 1986.