; (ii) a convention or caucus of a political party that has authority to nominate a candidate for such office; or (iii) the election for Federal office. In the case of a candidate for the office of President, such term means the first primary election or caucus held for the selection of delegates to a national nominating convention of a political party. (c) Contribution requirements (1) In general A candidate meets the contribution requirement of this subsection if the candidate does not accept any contribution other than qualified contributions. (2) Qualified contribution For purposes of this subsection: (A) In general The term qualified contribution means any contribution from an individual so long as the aggregate amount of contributions received by such candidate from such individual during the election cycle do not exceed the applicable amount. (B) Applicable amount (i) In general For purposes of subparagraph (A), the applicable amount is— (I) in the case of the election cycle beginning in 2021, $1,000; (II) in the case of the election cycle beginning in 2023, $800; (III) in the case of the election cycle beginning in 2025, $600; (IV) in the case of the election cycle beginning in 2027, $400