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Requirements for a candidate to be declared eligible for funding under the Presidential Election Campaign Fund include agreeing to an overall spending limit, abiding by spending limits in each state, using public funds only for legitimate campaign-related expenses, keeping financial records, and permitting an extensive campaign audit.
Politicians are sometimes tempted to spend campaign funds for personal purposes instead of their election campaign. One U.S. Representative, Duncan D. Hunter of California, for example, was sentenced to 11 months in prison in 2020 "for spending 2018 campaign donations on family trips to Hawaii and Italy and private school for his children." [132]
The Revenue Act also placed limits on campaign spending by Presidential nominees who receive public money and a ban on all private contributions to them. [1] Beginning with the 1973 tax year, individual taxpayers were able to designate $1 to be applied to the Presidential Election Campaign Fund .
The law originally focused on creating limits for campaign spending on communication media, adding additional penalties to the criminal code for election law violations, and imposing disclosure requirements for federal political campaigns. [1] The Act was signed into law by President Richard Nixon on February 7, 1972. [2]
Former Vice President Mike Pence is set to receive nearly $720,000 in public funds to help pay for his recent six-month presidential primary run, a number that could grow if his campaign requests ...
According to OpenSecrets, the Donald J. Trump for President 2024 committee has spent more than any other candidate-affiliated group in the current election cycle — $54,022,758 as of Feb. 2 ...
The bill would impose strict controls for campaign fund raising. Later in 1988, legislative and legal setbacks on proposals designed to limit overall campaign spending by candidates were shelved after a Republican filibuster. In addition, a constitutional amendment to override a Supreme Court decision failed to get off the ground.
Donald Trump's new joint fundraising agreement with the Republican National Committee directs donations to his campaign and a political action committee that pays the former president's legal ...