Fair Elections Now Act -- Vote Scheduled for Thurs, September 23rd

[BeFree]

Summary of Fair Elections Now Act

The Fair Elections Now Act (S. 752 and H.R. 1826) was introduced in the Senate by Sens. Dick Durbin (D-Ill.) and Arlen Specter (D-Pa.) and in the House of Representatives by Reps. John Larson (D-Conn.) and Walter Jones, Jr. (R-N.C.). The bill would allow federal candidates to choose to run for office without relying on large contributions, big money bundlers, or donations from lobbyists, and would be freed from the constant fundraising in order to focus on what people in their communities want.

Participating candidates seek support from their communities, not Washington, D.C.

* Candidates would raise a large number of small contributions from their communities in order to qualify for Fair Elections funding. Contributions are limited to $100.
* To qualify, a candidate for the U.S. House of Representatives would have to collect 1,500 contributions from people in their state and raise a total of $50,000.
* Since states vary widely in population, a U.S. Senate candidate would have to raise a set amount of small contributions amounting a total of 10% of the primary Fair Elections funding. The number of qualifying contributions is equal to 2,000 plus 500 times the number of congressional districts in their state. For example:


LINK: http://fairelectionsnow.org/about-bill

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First I heard of this...hmmm