H.R.4694 - Let the People Decide Clean Campaign Act109th Congress (2005-2006)
|Sponsor:||Rep. Obey, David R. [D-WI-7] (Introduced 02/01/2006)|
|Committees:||House - House Administration; Ways and Means; Rules|
|Latest Action:||House - 02/01/2006 Referred to the Committee on House Administration, and in addition to the Committees on Ways and Means, and Rules, 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. (All Actions)|
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Summary: H.R.4694 — 109th Congress (2005-2006)All Information (Except Text)
Introduced in House (02/01/2006)
Let the People Decide Clean Campaign Act - Amends the Federal Election Campaign Act of 1971 (FECA) to set forth specified expenditure limitations for House of Representatives general elections.
Permits additional expenditures by eligible major party, third party, and independent candidates.
Establishes in the Treasury the Grassroots Good Citizenship Fund (Fund), which shall provide public funding for House candidates' expenditures. Authorizes certain additional amounts from state and national party committees.
Amends the Internal Revenue Code to: (1) authorize taxpayers to designate specified overpayments and contributions for the Fund; and (2) increase corporate tax rates on taxable income above $10 million, and require payment of the amounts received by reason of such increase to the Fund.
Amends FECA to: (1) ban independent expenditures in House elections; (2) ban the use of nonfederal funds for certain disbursements; and (3) set forth specified House limitations for expenditures for elections other than general elections.