• Officeholders/candidates may not raise "Levin Amendment" money, (i.e. soft money for state & local voter registration and get-out-the-vote (see below)); allows Officeholders/Candidates to attend fundraising events where Levin Amendment funds are raised.

• Voter registration activity within 120 days of the election (whether candidate-specific or generic);



• Voter identification, GOTV activity, or generic campaign activity conducted in connection with federal election (whether candidate-specific or generic);



• Work by state or local party employees who spend more than 25 percent of their time on activities in connection with a federal election; and



• Federal candidate-specific ads that promote or attack a candidate. ("Promote or attack" is not defined by the bill.)

(1) federal officeholders and national parties may not raise "Levin Amendment" funds;
(2) all receipts and disbursements of "Levin Amendment" funds must be disclosed;
(3) party committees in two or more states, or two or more party committees in the same state, are prohibited from jointly raising "Levin Amendment" funds;
(4) a state party committee cannot raise the money for use in other states;
(5) "Levin Amendment" funds cannot be used for federal-candidate specific or generic advertising;
(6) "Levin Amendment" activities must be funded consistent with FEC hard money or soft money allocation rules;
(7) the state or local party must raise its own matching hard money (i.e. the state party cannot transfer hard money to local parties to meet the matching requirement); and
(8) "Levin Amendment" funds cannot be transferred between party committees.

• by national parties, must be funded with hard money.


• by state parties, within 120 days of a federal election, must be funded with hard money or mix of hard money/Levin Amendment money.

• by national parties, must be funded with hard money.


• by state parties in connection with a federal election must be funded with hard money or mix of hard/Levin Amendment money.

• Parties: Parties are banned from contributing to or soliciting contributions for non-profits which make expenditures or disbursements in connection with a federal election (including federal election activity) or any donation to a 527 organization.



• Candidates - Partial Ban: Officeholders'/Candidate's fundraising specifically for voter registration or GOTV efforts by non-profit organizations is limited to $20,000 per source from individuals only.
  
  Candidates may raise funds for non-profits for non-political activity without limit.

• Disclosure must be made within 24 hours of electioneering communication, once an aggregate of $10,000 is spent, and thereafter each time an additional $10,000 is spent.



• Disclosure includes identity of spender, all persons sharing control over communication, and donors giving $1,000 or more to segregated or general fund, as applicable.

• $37,500 per 2 year election cycle to candidates.


• $57,500 total per cycle to all national party committees and PACs as follows:


• $20,000-$57,500 per cycle to all national party committees (depending on how much is given to PACs, etc.).


• Maximum $37,500 aggregate per cycle to all committees other than national party committees (PACs, state party federal PACs, etc.).

• $2000 per election from individuals to candidates in any federal election.

• Individual contributions to candidates and parties and individual aggregate and coordinated spending limits are indexed for inflation.



• PAC limits and individual limits to PACs and state parties are not indexed.

1. 2-4 times, the limit on individual contributions is increased 300% to $6,000;
   
2. 4-10 times, the limit on individual contributions is increased 600% to $12,000;
   
3. more than 10 times, the limit on individual contributions to opponent is raised 6-fold and limit on party coordinated expenditures is removed.

Sets a trigger when the wealthy opponent has spent more than $350,000 of personal wealth, offsetting the personal wealth spent by the non-wealthy candidate and the campaign war chests of both candidates.

Once $350,000 self-financing threshold is met, contribution limits to opposing candidate triples to $3,000 per donor, and allows receipt of additional coordinated party expenditures.

• Monthly disclosure by parties; Quarterly for Congressional candidates.


• FEC to set disclosure software standards.


• State parties must disclose spending for "federal election activities."


• Expands disclaimer disclosure requirements for political ads.


• FEC to create website for all agencies' "election-related disclosures."

• "Electioneering" issue ads are prohibited by any organization, including a non-profit social welfare organization, that accepts corporate or labor contributions. Organizations may form separate political committees, or PACs, and pay for electioneering ads with hard money contributions from individuals or other political committees.


• National parties banned from contributing to or soliciting contributions for non-profits in connection with federal election or any 527 organizations.



• Candidates raising money specifically for generic voter registration and GOTV cannot raise more than $20,000 per source and cannot raise funds from corporations or unions.