; (3) helping to reduce the ability to make large campaign contributions as a determinant of a citizen's influence within the political process by facilitating the expression of support by voters at every level of wealth, encouraging political participation, and incentivizing participation on the part of Senators through the matching of small dollar contributions; (4) potentially saving taxpayers billions of dollars that may be (or that are perceived to be) currently allocated based upon legislative and regulatory agendas skewed by the influence of campaign contributions; (5) creating genuine opportunities for all Americans to run for the Senate and encouraging more competitive elections; (6) encouraging participation in the electoral process by citizens of every level of wealth; and (7) freeing Senators from the incessant preoccupation with raising money, and allowing them more time to carry out their public responsibilities. 102. Eligibility requirements and benefits of Fair Elections financing of Senate election campaigns The Federal Election Campaign Act of 1971 ( 52 U.S.C. 30101 et seq.) is amended by adding at the end the following: V Fair elections financing of Senate election campaigns A General provisions 501. Definitions In this title: (1) Allocation from the Fund The term allocation from the Fund means an allocation of money from the Fair Elections Fund to a participating candidate pursuant to section 522. (2) Board The term Board means the Fair Elections Oversight Board established under section 531. (3) Fair Elections qualifying period The term Fair Elections qualifying period means, with respect to any candidate for Senator, the period— (A) beginning on the date on which the candidate files a statement of intent under section 511(a)(1); and (B) ending on the date that is 30 days before— (i) the date of the primary election