Presidential Funding Act of 2007
Latest action · Jan 31, 2007 Referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 31, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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).
Cosponsors 10
Members who signed on, in the order they did. Signatures ran from Jan 31, 2007 to Jun 18, 2007; 5 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | Barney Frank | Original | Jan 31, 2007 |
| D-MD | Chris Van Hollen | Original | Jan 31, 2007 |
| R-CT | Christopher Shays | Original | Jan 31, 2007 |
| D-NC | David E. Price | Original | Jan 31, 2007 |
| D-IL | Rahm Emanuel | Original | Jan 31, 2007 |
| D-TX | Lloyd Doggett | Feb 13, 2007 | |
| D-VA | Robert C. "Bobby" Scott | Feb 16, 2007 | |
| R-PA | Todd Russell Platts | Apr 16, 2007 | |
| D-MD | Elijah E. Cummings | May 1, 2007 | |
| D-OR | Earl Blumenauer | Jun 18, 2007 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Committee on House Administration | Referred Jan 31, 2007 |
| House | Ways and Means Committee | Referred Jan 31, 2007 |
Actions 2
Everything that happened, newest first.
- Jan 31, 2007Introduced in House
- Jan 31, 2007Referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R40091 | Campaign Finance: Potential Legislative and Policy Issues for the 111th Congress Archived | Report | Jan 28, 2011 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 436 | Presidential Funding Act of 2007 | Related bill | Jan 30, 2007 |
| S 2412 | Presidential Funding Act of 2007 | Related bill | Dec 5, 2007 |
| HR 4294 | Presidential Funding Act of 2007 | Related bill | Dec 5, 2007 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential elections, and for other purposes.
- Short Titles as Introduced
- Presidential Funding Act of 2007
Subjects
Assigned by the Library of Congress. Policy area: Government Operations and Politics.
- Campaign funds
- Checkoff
- Computer software
- Cost of living adjustments
- Economics and Public Finance
- Election candidates
- Electronic government information
- Fund raising
- Government Operations and Politics
- Government paperwork
- Government publicity
- Government trust funds
- Income tax
- Indexing (Economic policy)
- Political conventions
- Political parties
- Presidential elections
- Primaries
- Science, Technology, Communications
- Soft money
- Tax returns
- Taxation
Text 1
Each version as it was printed, newest first.
- Jan 31, 2007Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
