Empower Act of 2021

Empower Act of 2021

This bill modifies the system for the public financing of presidential primary and general elections.

The bill (1) increases the amount of matching funds for participating candidates by matching the first $200 of contributions by individuals to a candidate at a 6:1 ratio; (2) eliminates spending limits on participating candidates; (3) allows the national committee of a political party to make expenditures of up to $100 million in coordination with participating candidates; (4) requires all payments made to candidates, beginning with the 2028 presidential election, to be made from the Freedom From Influence Fund established by this bill; and (5) prohibits joint fundraising committees for any authorized committee of a candidate.

Bill 117 HR 1312, also known as the Empower Act of 2021, is a piece of legislation introduced in the US Congress. The main goal of this bill is to empower individuals and communities by providing resources and support for economic development and job creation.

The Empower Act of 2021 includes provisions for funding programs that promote entrepreneurship, workforce development, and small business growth. It also aims to increase access to capital for minority-owned businesses and support initiatives that address economic disparities in underserved communities.

Additionally, the bill includes measures to improve access to affordable housing, healthcare, and education for individuals and families. It also seeks to address issues related to food insecurity and access to nutritious foods in low-income areas. Overall, the Empower Act of 2021 is focused on creating opportunities for economic advancement and empowerment for all Americans, particularly those in marginalized communities. It aims to address systemic barriers to success and promote inclusive economic growth across the country.