; and (4) certifies that the candidate has complied, and, if such candidate is certified as a participating candidate under this section, will comply, with the personal fund requirements under subsection (d) with respect to all elections in the applicable election series for the Federal office that the candidate is seeking. (b) Establishment of threshold amount (1) Threshold amount (A) In general For purposes of subsection (a), the threshold amount with respect to any election cycle is— (i) in the case of a candidate for the office of Representative in, or Delegate or Resident Commissioner to, the Congress, $50,000; (ii) in the case of a candidate for the office of Senator, $500,000; and (iii) in the case of a candidate of the office of President or Vice President, $1,000,000. (B) Inflation adjustment In any calendar year after 2022, section 315(c)(1)(B) of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30116(c)(1)(B) ) shall apply to each amount described in subparagraph (A) in the same manner as such section applies to the limitations established under subsections (a)(1)(A), (a)(1)(B), (a)(3), and (h) of such section, except that for purposes of applying such section to the amounts described in subparagraph (A), the base period shall be calendar year 2021. (2) Return of vouchers (A) In general In any case of any transfer of democracy dollars to a candidate who is not certified under this section before the date that is 30 days before the date of the applicable election, such transfer shall be voided and the eligible individual who transferred such democracy dollars shall be permitted to transfer such democracy dollars (or replacement democracy dollars with equivalent value) to another participating candidate. (B) Applicable election For purposes of subparagraph (A), the term applicable election means, with respect to any candidate, the earliest of— (i) the primary election for nomination to the office for which the candidate is running