MODIFICATION OF CONTRIBUTION LIMITS.

SEC. 307. MODIFICATION OF CONTRIBUTION LIMITS.Section 304(a) of the Federal Election Campaign Act of 1971 (2 U.S.C. 434(a)) is amended by adding at the end the following: (a) Increase in Individual Limits for Certain Contributions.—Section 315(a)(1) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441a(a)(1)) is amended— (1) in subparagraph (A), by striking “$1,000” and inserting “$2,000”; and (2) in subparagraph (B), by striking “$20,000” and inserting “$25,000”. (b) Increase in Annual Aggregate Limit on Individual Contributions.—Section 315(a)(3) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441a(a)(3)) is amended to read as follows: “(3) During the period which begins on January 1 of an odd-numbered year and ends on December 31 of the next even-numbered year, no individual may make contributions aggregating more than—116 STAT. 103 “(A) $37,500, in the case of contributions to candidates and the authorized committees of candidates; “(B) $57,500, in the case of any other contributions, of which not more than $37,500 may be attributable to contributions to political committees which are not political committees of national political parties.”. (c) Increase in Senatorial Campaign Committee Limit.—Section 315(h) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441a(h)) is amended by striking “$17,500” and inserting “$35,000”. (d) Indexing of Contribution Limits.—Section 315(c) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441a(c)) is amended— (1) in paragraph (1)— (A) by striking the second and third sentences; (B) by inserting “(A)” before “At the beginning”; and (C) by adding at the end the following: “(B) Except as provided in subparagraph (C), in any calendar year after 2002— “(i) a limitation established by subsections (a)(1)(A), (a)(1)(B), (a)(3), (b), (d), or (h) shall be increased by the percent difference determined under subparagraph (A); “(ii) each amount so increased shall remain in effect for the calendar year; and “(iii) if any amount after adjustment under clause (i) is not a multiple of $100, such amount shall be rounded to the nearest multiple of $100. “(C) In the case of limitations under subsections (a)(1)(A), (a)(1)(B), (a)(3), and (h), increases shall only be made in odd-numbered years and such increases shall remain in effect for the 2-year period beginning on the first day following the date of the last general election in the year preceding the year in which the amount is increased and ending on the date of the next general election.”; and (2) in paragraph (2)(B), by striking “means the calendar year 1974” and inserting “means— “(i) for purposes of subsections (b) and (d), calendar year 1974; and “(ii) for purposes of subsections (a)(I)(A), (a)(1)(B), (a)(3), and (h), calendar year 2001”. (e) Effective Date.—The amendments made by this section shall apply with respect to contributions made on or after January 1, 2003.