RESTRICTION ON INCREASED CONTRIBUTION LIMITS BY TAKING INTO ACCOUNT CANDIDATE'S AVAILABLE FUNDS.

SEC. 316. RESTRICTION ON INCREASED CONTRIBUTION LIMITS BY TAKING INTO ACCOUNT CANDIDATE'S AVAILABLE FUNDS.Section 315(i)(1) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441a(i)(1)), as added by this Act, is amended by adding at the end the following: “(E) Special rule for candidate's campaign funds.— “(i) In general.—For purposes of determining the aggregate amount of expenditures from personal fimds under subparagraph (D)(ii), such amount shall include the gross receipts advantage of the candidate's authorized committee. “(ii) Gross receipts advantage.—For purposes of clause (i), the term ‘gross receipts advantage’ means the excess, if any, of— “(I) the aggregate amount of 50 percent of gross receipts of a candidate's authorized committee during any election cycle (not including contributions from personal funds of the candidate) 116 STAT. 109 that may be expended in connection with the election, as determined on June 30 and December 31 of the year preceding the year in which a general election is held, over “(II) the aggregate amount of 50 percent of gross receipts of the opposing candidate's authorized committee during any election cycle (not including contributions from personal funds of the candidate) that may be expended in connection with the election, as determined on June 30 and December 31 of the year preceding the year in which a general election is held.”.