To amend chapter 95 of the Internal Revenue Code of 1986 to establish a uniform date for the release of payments from the Presidential Election Campaign Fund to eligible candidates for election to the office of President of the United States.

Amends the Internal Revenue Code to provide for the release of payments from the Presidential Election Campaign Fund to eligible candidates for election to the office of President of the United States on the last Friday before the first Monday in September.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 850 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 850

To amend chapter 95 of the Internal Revenue Code of 1986 to establish a 
uniform date for the release of payments from the Presidential Election 
  Campaign Fund to eligible candidates for election to the office of 
                    President of the United States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 16, 2005

  Mr. Hoyer (for himself and Mr. Ney) introduced the following bill; 
      which was referred to the Committee on House Administration

_______________________________________________________________________

                                 A BILL


 
To amend chapter 95 of the Internal Revenue Code of 1986 to establish a 
uniform date for the release of payments from the Presidential Election 
  Campaign Fund to eligible candidates for election to the office of 
                    President of the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ESTABLISHMENT OF UNIFORM DATE FOR RELEASE OF PAYMENTS FROM 
              PRESIDENTIAL ELECTION CAMPAIGN FUND TO ELIGIBLE 
              CANDIDATES.

    (a) In General.--The first sentence of section 9006(b) of the 
Internal Revenue Code of 1986 (26 U.S.C. 9006(b)) is amended to read as 
follows: ``If the Secretary of the Treasury receives a certification 
from the Commission under section 9005 for payment to the eligible 
candidates of a political party, on the last Friday occurring before 
the first Monday in September, the Secretary shall pay to such 
candidates out of the fund the amount certified by the Commission.''.
    (b) Conforming Amendment.--The first sentence of section 9006(c) of 
such Code (26 U.S.C. 9006(c)) is amended by striking ``the time of a 
certification by the Commission under section 9005 for payment'' and 
inserting ``the time of making a payment under subsection (b)''.

SEC. 2. EFFECTIVE DATE.

    The amendments made by section 1 shall apply with respect to 
elections occurring after the date of the enactment of this Act.
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