Requiring disclosure of card verification value as condition of acceptance of online contributions made using credit or debit cards in Federal elections

(a)

Requirement

Section 302 of the Federal Election Campaign Act of 1971 (52 U.S.C. 30102) is amended by adding at the end the following:

(j)(1)No political committee shall accept any Internet credit or debit card contribution unless—(A)the individual or entity making such contribution is required, at the time such individual makes such contribution, to disclose the card verification value of such credit or debit card; and(B)(i)the billing address associated with such credit or debit card is located in the United States; or(ii)in the case of a contribution made by an individual who is a United States national or lawful permanent resident living outside of the United States, the individual provides the committee with—(I)the United States mailing address the individual uses for voter registration purposes;(II)a copy of the individual’s United States passport;(III)a copy of the individual’s permanent resident card; or(IV)a copy of a comparable acceptable identification document, or the unique identifying number from such a document, for the individual.(2)Notwithstanding subsection (b) or (c), in the case of an Internet credit or debit card contribution—(A)no later than 10 days after receiving the contribution, the person who receives the contribution shall forward to the treasurer such contribution, the name and address of the person making the contribution, and the date of receipt; and(B)the treasurer of a political committee shall keep an account of the name and address of any person making any such contribution, together with the date and amount of such contribution by any person.(3)In this subsection, the term Internet credit or debit card contribution means a contribution that—(A)is made using a credit or debit card; and(B)is received through an Internet website.

(b)

Regulations

(1)

Deadline

Not later than 10 days after the date of the enactment of this Act, the Federal Election Commission shall promulgate regulations to carry out the amendments made by subsection (a).(2)

Consultation with credit card payment networks

In promulgating regulations under paragraph (1), the Commission shall consult with representatives of payment card networks, as defined under section 921(c) of the Electronic Fund Transfer Act (15 U.S.C. 1693o–2(c)).(c)

Effective Date

The amendment made by subsection (a) shall apply with respect to contributions made after the expiration of the 180-day period which begins on the date of the enactment of this Act.

Prohibiting acceptance of contributions made using gift cards and prepaid credit cards in Federal elections

(a)

Prohibition

Section 302 of the Federal Election Campaign Act of 1971 (52 U.S.C. 30102), as amended by section 2(a), is amended by adding at the end the following:

(k)No political committee shall accept a contribution made through the use of a general-use prepaid card, gift certificate, or store gift card, as such terms are defined, respectively, under section 915(a) of the Electronic Fund Transfer Act (15 U.S.C. 1693l–1(a)).

(b)

Effective date

The amendment made by subsection (a) shall apply with respect to contributions made after the expiration of the 180-day period which begins on the date of the enactment of this Act.