Title 26 › Subtitle Subtitle H— Financing of Presidential Election Campaigns › Chapter 95— PRESIDENTIAL ELECTION CAMPAIGN FUND › § 9012
Makes it a crime to break rules about money and records in presidential campaigns. Eligible presidential candidates and their official campaign committees must not spend more than the total payments allowed under section 9004. They also must not take contributions beyond the limits set for their type of candidate, except for a small number of narrow exceptions tied to section 9006(c) and a specific part of section 9002(11). Non‑major‑party candidates and their committees may not accept or keep contributions that are more than the qualified campaign expenses they actually have. It is illegal to use money received under section 9006 for anything other than the qualified campaign costs it was meant for or to repay loans used for those costs. It is illegal to give or take kickbacks tied to qualified campaign expenses; anyone who takes a kickback must also pay 125 percent of it back to the Treasury. It is illegal to lie to, hide records from, or refuse to give requested records to the Commission. Outside political committees that are not official campaign committees may not spend more than $1,000 on expenses that would count as qualified campaign expenses for the campaign, with two exceptions for FCC‑regulated broadcasters reporting news/editorials and for tax‑exempt 501(c) organizations talking to their members. Penalties vary by offense: many violations carry fines up to $5,000 or up to one year in prison (or both); more serious offenses, misuse of section 9006 funds, lying or hiding records, and kickbacks carry fines up to $10,000 or up to five years in prison (or both), plus the 125 percent repayment for kickbacks. It is also illegal for anyone to disclose information obtained under this chapter; that can bring up to $5,000 in fines or up to one year in prison (or both).
Full Legal Text
Internal Revenue Code — Source: USLM XML via OLRC
Legislative History
Reference
Citation
26 U.S.C. § 9012
Title 26 — Internal Revenue Code
Last Updated
Apr 5, 2026
Release point: 119-73not60