; and (ii) in the case of any election cycle beginning in 2025 or later, may only be transferred to a qualified candidate for such office for a district in the State in which the eligible individual to whom it is distributed is a qualified resident. (C) Senate democracy dollar A Senate democracy dollar is a democracy dollar that is restricted such that— (i) it may only be transferred to a qualified candidate for the office of Senator; and (ii) in the case of any election cycle beginning in 2025 or later, may only be transferred to a qualified candidate for such office for the State in which the eligible individual to whom it is distributed is a qualified resident. (D) Presidential democracy dollar A Presidential democracy dollar is a democracy dollar that is restricted such that it may only be transferred to qualified candidates for the offices of President or Vice President. (3) Democracy dollar account The term democracy dollar account means an account of a participating candidate that consists only of amounts paid under section 504(a)(3) and that meets such other requirements as established by the Commission. (4) Election cycle The term election cycle means the 2-year period beginning on January 1 of each odd-numbered year. (5) Eligible individual The term eligible individual means, with respect to any election cycle, an individual who— (A) is a citizen or national of the United States