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Presidential Funding Act of 2003

Read twice and referred to the Committee on Finance.

Official summary

Version 00 · Introduced in Senate · Nov 21, 2003

Presidential Funding Act of 2003 - Amends the Internal Revenue Code (including the Presidential Election Campaign Fund Act and the Presidential Primary Matching Payment Account Act) and the Federal Election Campaign Act of 1971 to, among other things: (1) increase the presidential primary $250 one-to-one match to a four-to-one match; (2) increase the presidential primary qualifying threshold of $5,000 in 20 States to $15,000 in 20 States; (3) require candidates to be eligible to receive funding under the Presidential Election Campaign Fund Act to have received payments under the Presidential Primary Matching Payment Account Act; (4) revise candidate expenditure limits, including permitting the national committee of a political party to make expenditures in connection with the general election campaign of any candidate for President of the United States who is affiliated with such party in an amount of up to four (currently, two) cents multiplied by the U.S. voting age population and permitting an eligible candidate for the office of President of the United States to receive payments from the Secretary of the Treasury of up to $75,000,000 with respect to a campaign for nomination for election or of up to $75,000,000 with respect to a campaign for election to such office; and (5) double the three dollar presidential campaign tax return check-off to six dollars.

Read the summary on Congress.gov
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Who introduced it

Sen. McCain, John [R-AZ] · R–AZ

Committees

  • Finance Committee
2 cosponsorship records, including any withdrawals

Actions

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  1. Read twice and referred to the Committee on Finance.

  2. Sponsor introductory remarks on measure. (CR S15411-15412)

  3. Introduced in Senate

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Related bills identified by Congress.gov

Source last updated: Aug 18, 2025. Consult Congress.gov for the current record.

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