H.R. 776 (110th): Presidential Funding Act of 2007

Introduced:
Jan 31, 2007 (110th Congress, 2007–2009)
Status:
Died (Referred to Committee)
See Instead:

S. 2412 (same title)
Referred to Committee — Dec 05, 2007

H.R. 4294 (same title)
Referred to Committee — Dec 05, 2007

Sponsor
Martin “Marty” Meehan
Representative for Massachusetts's 5th congressional district
Party
Democrat
Text
Read Text »
Last Updated
Jan 31, 2007
Length
30 pages
Related Bills
H.R. 5905 (109th) was a previous version of this bill.

Referred to Committee
Last Action: Jul 26, 2006

S. 2412 (Related)
Presidential Funding Act of 2007

Referred to Committee
Last Action: Dec 05, 2007

 
Status

This bill was introduced on January 31, 2007, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 31, 2007
Referred to Committee Jan 31, 2007
 
Full Title

To amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential elections, and for other purposes.

Summary

No summaries available.

Cosponsors
10 cosponsors (8D, 2R) (show)
Committees

House House Administration

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Citation

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


1/31/2007--Introduced.
Presidential Funding Act of 2007 - Amends Internal Revenue Code provisions relating to public financing of presidential election campaigns to:
(1) quadruple (1:1 to 4:1) the matching rate for contributions to primary election candidates;
(2) lower from $250 to $200 the limit on individual campaign contributions;
(3) increase the presidential primary qualifying threshold from $5,000 to $25,000 in 20 states;
(4) require presidential candidates to participate in the primary payment system to be eligible for general election payments;
(5) move the starting date for payments to primary candidates from January 1 of a presidential election year to six months before the earliest state primary election;
(6) allow additional payments and increased expenditure limits for candidates who face opponents who do not participate in public financing and who raise more than 20% of applicable spending limits;
(7) designate the last Friday before the first Monday in September as the date for payments to eligible presidential candidates; and
(8) increase from $3 to $10 the presidential campaign tax return check-off amount.
Amends the Federal Election Campaign Act of 1971 to:
(1) increase expenditure limits for presidential primary campaigns and eliminate state primary spending limits;
(2) limit political party general election campaign expenditures to $25 million, with an additional $25 million allowance after the party's candidate is nominated;
(3) prohibit political parties from spending unregulated funds (soft money) on their national conventions; and
(4) require presidential campaign committees to disclose information about bundled contributions (series of contributions aggregating more than $10,000).

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

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