delete PART 9033—ELIGIBILITY FOR PAYMENTS
This regulation implements the presidential primary matching funds program, requiring candidates to sign agreements, certify compliance with spending limits, meet minimum contribution thresholds ($5,000 in 20+ states), maintain extensive records, submit to audits, and comply with disclosure rules to receive public financing. It outlines eligibility determination, grounds for ineligibility (vote thresholds, inactivity, violations), reinstatement procedures, and detailed documentation standards including computerized data requirements.
Public financing of presidential primaries forces taxpayers to subsidize political speech they may oppose, violating voluntary association principles. The extensive compliance regime advantages Establishment candidates who can navigate bureaucracy while burdening grassroots challengers. Matching funds distort political competition by disincentivizing innovative fundraising and entrench federal regulatory power over core political expression—functions better served by the free market of ideas and private voluntary support.