H.R. 7499 aims to reform the public financing system for Presidential election campaigns in the United States. The bill proposes changes to the Internal Revenue Code of 1986, including increasing certain matching payments, modifying eligibility requirements, and establishing a "Freedom From...
Simple Explanation
H.R. 7499 wants to change how money is used in big elections by giving more help to candidates but also making sure the money is tracked carefully, so everyone has a fair chance to win. However, some parts of the plan might make it easier for richer people to do better in the elections.