Public Financing of Presidential Primary and General Election Candidates

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The Commission is revising several portions of its regulations governing the public financing of Presidential primary and general election campaigns. These regulations implement the provisions of the Presidential Election Campaign Fund Act (``Fund Act'') and the Presidential Primary Matching Payment Account Act (``Matching Payment Act''), which indicate how funds received under the public financing system may be spent. In addition, these statutes require the Commission to audit publicly financed campaigns and seek repayment where appropriate. The revised rules modify the Commission's audit procedures. They also address the ``bright line'' between primary and general election expenses, and the formation of Vice Presidential committees prior to nomination. Further information is provided in the supplementary information that follows.