The bill, known as the "Empower Act of 2024," aims to reform the public financing system for Presidential election campaigns in the United States. It proposes changes to the Internal Revenue Code, such as revising matching payment systems for primary elections, increasing limits on...
Simple Explanation
The "Empower Act of 2024" wants to change how money is given to people running for president to make it fairer, but some people worry it might make things more complicated and make it easier for rich people to win. It also creates a special fund to help pay for campaigns using money from fines and penalties, but there's concern it might not be managed well or have enough money.