Amendment101st Congress
Amendments en bloc: 1) reduced the amount which Political Action Committees (PACs) could contribute to House candidates from $275,000 to $220,000 and imposed a $55,000 maximum limit on the amount allowed to be received from PACs which accept individual contributions in excess of $240; 2) allowed up to $100,000 in federal matching funds for in-state individual contributions of less than $50; 3) reduced the maximun individual contribution allowed from $1,000 to $500; and provided that matching funds would be financed by increasing the tax check-off on individual tax forms from $1 to $3.
- Amendment Number
- 704
- Description
- Amendments en bloc: 1) reduced the amount which Political Action Committees (PACs) could contribute to House candidates from $275,000 to $220,000 and imposed a $55,000 maximum limit on the amount allowed to be received from PACs which accept individual contributions in excess of $240; 2) allowed up to $100,000 in federal matching funds for in-state individual contributions of less than $50; 3) reduced the maximun individual contribution allowed from $1,000 to $500; and provided that matching funds would be financed by increasing the tax check-off on individual tax forms from $1 to $3.
- Purpose
- An amendment (en bloc) to reduce the limitation on PAC contributions to House candidates from $275,000 to $220,000 and impose a $55,000 maximum amount allowed to be received from PACs which accept individual contributions in excess of $240. The amendment allows up to $100,000 in federal matching funds (during general elections) for in-state contributions of less than $50, the matching funds could be doubled if an opponent raises or spends more than $200,000. Candidates would be required to receive in-state individual contributions of at least $25,000 to be eligible for federal matching funds. Matching funds would be financed by increasing the tax check-off on individual tax forms from $1 to $3.
- Congress
- 101
- Type
- HAMDT
- Latest Action Date
- Aug 3, 1990
- Latest Action Text
- On agreeing to the Synar amendments (A001) Failed by the Yeas and Nays: 122 - 128 (Roll No. 317).
- Latest Action Time
- 23:03:55
- Submitted Date
- Aug 3, 1990
- Chamber
- House of Representatives
- Update Date
- Jul 1, 2021