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Presidential Campaign Finance Reform: New Rules and Funding

This act reforms presidential campaign financing by introducing a new support fund and modifying the matching funds system. It aims to increase transparency and financial independence for candidates, potentially influencing how campaigns are run and the presidential election.
Key points
Establishes a 'Freedom From Influence Fund', financed by a portion of fines and penalties, as the primary source of public funding for presidential campaigns starting in 2028.
Increases public matching payments for small individual contributions (up to 600% of contributions up to $200) in primary and general elections, with a $250 million cap per campaign.
Removes expenditure limits for candidates who accept public funding, giving them more flexibility in campaign spending.
Imposes a $1,000 limit on individual contributions to candidates receiving public funding, aiming to reduce the influence of large donors.
Increases the limit on coordinated party expenditures for presidential campaigns to $100 million, strengthening the role of political parties in elections.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_428
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2021-02-24
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Empower Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_428.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-02-24.

What are the main provisions?

Key points include:

  • Establishes a 'Freedom From Influence Fund', financed by a portion of fines and penalties, as the primary source of public funding for presidential campaigns starting in 2028.
  • Increases public matching payments for small individual contributions (up to 600% of contributions up to $200) in primary and general elections, with a $250 million cap per campaign.
  • Removes expenditure limits for candidates who accept public funding, giving them more flexibility in campaign spending.
  • Imposes a $1,000 limit on individual contributions to candidates receiving public funding, aiming to reduce the influence of large donors.
  • Increases the limit on coordinated party expenditures for presidential campaigns to $100 million, strengthening the role of political parties in elections.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Van Hollen, Chris [D-MD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

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