Senator Tom Udall’s office has issued a press release announcing that he will introduce into the Senate a new bill entitled the EMPOWER Act of 2019. The act is not yet posted on www.congres.gov, but watch for it to come out sometime within the next couple of weeks.
Core Provisions of the Empowering Mass Participation to Offset the Wealthy’s Electoral Role (EMPOWER) Act:
– Eliminates spending limits on participating candidates: Candidate spending limits are no longer viable in the wake of Citizens United since outside groups can now make unlimited expenditures funded by unlimited contributions to oppose candidates. There would be a limit on the total amount of matching contributions available to a presidential candidate, to avoid draining public funds.
– Increases the amount of matching funds for participating candidates: The first $250 of contributions by individuals to presidential candidates would be matched with public funds at a 6:1 ratio, increased from the current 1:1 match. For example, a candidate participating in the system would receive $1,500 in public funds for a $250 contribution, and would end up with a total of $1,750. This would provide important new incentives for citizens to give and for candidates to seek small donations from supporters.
– Requires participating candidates to agree to accept contributions of no more than $1,000: The current individual contribution limit of $2,700 per donor, per election, would be reduced to $1,000 per donor, per election, for candidates who participate in the system. The present contribution limit would remain unchanged for candidates who do not participate in the system.
– Empowers national parties to compete alongside Super PAC dollars: In order to allow candidates to respond to a deluge of Super PAC dollars, national parties could make unlimited expenditures in coordination with candidates participating in the system, provided the unlimited expenditures were made from a pool of contributions raised by the party that was limited to $1,000 per donor, per year.
– Increases funding for the presidential campaign financing system: The bill would increase the current voluntary income tax “check-off” amount from $3 to $20 per individual and from $6 to $40 for a married couple, and index these amounts for inflation. Additionally, the bill would allow Americans, through their taxes, to donate to the public financing system fund.”