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Presidential Campaign Finance Reform: New Rules and Funding

This act reforms presidential campaign financing by establishing a new "Freedom From Influence Fund" supported by fines and penalties. It increases public matching funds for small donations and removes expenditure limits for candidates, aiming to reduce reliance on large donors and enhance citizen influence in elections.
Key points
Increased public matching funds for small donations (up to $200) to presidential candidates, potentially encouraging more small contributions from citizens.
Creation of a new "Freedom From Influence Fund" to finance presidential campaigns, funded by a portion of fines and penalties imposed on corporations and organizations, rather than taxpayer money.
Repeal of expenditure limitations for candidates who accept public financing, giving them more flexibility in campaign spending.
Introduction of a $1,000 contribution limit per individual for candidates receiving public financing, aiming to curb the influence of large donors.
Modification of the timeline for releasing campaign funds, ensuring more consistent access to financing.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_7499
Sponsor: Rep. Lieu, Ted [D-CA-36]
Process start date: 2024-02-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Empower Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7499.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-02-29.

What are the main provisions?

Key points include:

  • Increased public matching funds for small donations (up to $200) to presidential candidates, potentially encouraging more small contributions from citizens.
  • Creation of a new "Freedom From Influence Fund" to finance presidential campaigns, funded by a portion of fines and penalties imposed on corporations and organizations, rather than taxpayer money.
  • Repeal of expenditure limitations for candidates who accept public financing, giving them more flexibility in campaign spending.
  • Introduction of a $1,000 contribution limit per individual for candidates receiving public financing, aiming to curb the influence of large donors.
  • Modification of the timeline for releasing campaign funds, ensuring more consistent access to financing.
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 Rep. Lieu, Ted [D-CA-36].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Courts and Law Economy