Campaign Finance Reform: 600% Match for Small Political Donations.
This Act establishes a public financing system for Congressional campaigns, matching small individual contributions ($1 to $200) at a 6-to-1 ratio (600%). The goal is to amplify the financial voice of everyday citizens and reduce candidates' reliance on large donors and special interests. The system is funded by a new "Freedom From Influence Fund," which collects assessments on federal fines and penalties imposed on corporations and organizations, ensuring no taxpayer money is used.
Key points
Small donations ($1-$200) to participating Congressional candidates are matched 6-to-1, significantly increasing the impact of grassroots funding.
The system is financed by a new fund collecting 4.75% assessments on federal fines and penalties imposed on organizations, not general tax revenue.
Participating candidates must adhere to strict contribution limits and are prohibited from using Leadership PACs, limiting the influence of large money.
A pilot program offers residents in three selected states a $25 "My Voice Voucher" to contribute to candidates.
Status:
Expired
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