Empower Act of 2021

Hozzl · 2023-03-15T19:00:21Z

Explore the details of House Bill 1312 Empower Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

3/15/2023, 7:00 PM

Summary of Bill HR 1312

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.

Congressional Summary of HR 1312

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.

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Current Status of Bill HR 1312

Bill HR 1312 is currently in the status of Bill Introduced since February 24, 2021. Bill HR 1312 was introduced during Congress 117 and was introduced to the House on February 24, 2021. Bill HR 1312's most recent activity was Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. as of April 28, 2021

Bipartisan Support of Bill HR 1312

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 1312

Primary Policy Focus

Taxation

Potential Impact Areas

Elections, voting, political campaign regulationGovernment trust fundsPolitical parties and affiliationPresidents and presidential powers, Vice PresidentsTax administration and collection, taxpayers

Alternate Title(s) of Bill HR 1312

Empower Act of 2021To amend chapters 95 and 96 of the Internal Revenue Code of 1986 to reform the system of public financing for Presidential election campaigns, and for other purposes.Empower Act of 2021

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