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For Immediate Release
May 30, 2003
Contact: Ron Harris
Bob Biersack
Ian Stirton
Kelly Huff
SCHEDULE SET FOR JUNE 6 PUBLIC HEARING
ON PRESIDENTIAL PUBLIC FINANCING PROPOSED RULE
WASHINGTON – The Federal Election Commission will conduct a public hearing beginning at 9 a.m. Friday, June 6, on a proposed rule that would revise regulations governing publicly financed presidential candidates and national nominating conventions (see FEC news release 04/16/03).

These regulations implement the provisions of the Presidential Election Campaign Fund Act, the Presidential Primary Matching Payment Account Act and the Presidential Nominating Conventions Act, which establish eligibility requirements for presidential candidates and party nominating conventions seeking public financing, and indicate how funds received under the public financing system may be spent.

The purpose of the proposed rule-revisions (available on FEC web site http://www.fec.gov/register.htm [expired link] ) is to more effectively administer the public financing program during the 2004 election cycle. In addition, the Commission is considering how the Bipartisan Campaign Reform Act of 2002 (BCRA), along with the Commission’s implementing regulations related to BCRA, may affect the public funding rules.

Hearing schedule and panels for the June 6 hearing are:

9 – 9:15 a.m. Opening statements
9:15 – 11 a.m. Donald McGahn, National Republican Congressional Committee

Robert Bauer, Perkins Coie

Paul Sanford, FECWatch, Center for Responsive Politics

Steve Weissman, Campaign Finance Institute

11:15 –12:45 Kenneth Gross, New York City Host Committee

Ki Hong, New York City Host Committee

Cheryl Cronin, Boston Host Committee

David Passafaro, Boston Host Committee

12:45 – 2 p.m. Lunch
2 – 3:30 p.m. Joseph Sandler, Democratic National Committee,

Democratic National Convention Committee

Neil Reiff, Democratic National Committee,

Democratic National Convention Committee

Thomas Josefiak, Republican National Committee

Charles Spies, Republican National Committee

The NPRM, approved by the Commission on April 3, 2003 would address many of the sections in the current regulations, including:

  • Winding-down costs of publicly funded presidential campaigns,
  • primary expenditure limitations and repayments,
  • permissible uses of General Election Legal and Accounting Compliance (GELAC) funds consistent with BCRA,
  • Quarterly and Monthly Reporting Requirements for presidential candidates,
  • several specific issues related to expenditures by campaigns, including salaries to candidates, gifts and bonuses, and press reimbursement for travel costs,
  • mitigating the effect of a potential shortfall in the presidential primary matching payment account,
  • expenditures by a multi-candidate political committee for qualified campaign expenses of a presidential candidate.

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