[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 229 Introduced in Senate (IS)]

  1st Session
                                 S. 229

   To provide for a voluntary system of public financing of Federal 
                   elections, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 29, 1997

 Mr. Bumpers (for himself, Mrs. Murray, and Mr. Wellstone) introduced 
the following bill; which was read twice and referred to the Committee 
                               on Finance

_______________________________________________________________________

                                 A BILL


 
   To provide for a voluntary system of public financing of Federal 
                   elections, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE; AMENDMENT OF ELECTION ACT; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Public Confidence 
in Campaigns Act of 1997''.
    (b) Amendment of Election Act.--As used in this Act, the term 
``FECA'' means the Federal Election Campaign Act of 1971 (2 U.S.C. 431 
et seq.).
    (c) Table of Contents.--

Sec. 1. Short title; amendment of Election Act; table of contents.
              TITLE I--REFORM OF SENATE CAMPAIGN FINANCING

  Subtitle A--Voluntary Congressional Senate Campaign Financing System

Sec. 101. Senate election campaign financing.
Sec. 102. Reporting requirements.
Sec. 103. Reporting requirements for certain independent expenditures.
     Subtitle B--Reduction in Limit on PAC Contributions to Senate 
                               Candidates

Sec. 111. Reduction in limit on PAC contributions to Senate candidates.
                   TITLE II--PUBLIC FINANCING SYSTEM

Sec. 201. Increase in current voluntary checkoff system.
Sec. 202. Voluntary contributions to Congressional Election Campaign 
                            Fund.
   TITLE III--PROVISIONS RELATING TO SOFT MONEY OF POLITICAL PARTIES

Sec. 301. Soft money of political parties.
Sec. 302. State Party Grassroots Funds.
Sec. 303. Reporting requirements.
  TITLE IV--PROHIBITION OF CONTRIBUTIONS BY INDIVIDUALS INELIGIBLE TO 
                                  VOTE

Sec. 401. Prohibition of contributions by individuals ineligible to 
                            vote.

              TITLE I--REFORM OF SENATE CAMPAIGN FINANCING

  Subtitle A--Voluntary Congressional Senate Campaign Financing System

SEC. 101. SENATE ELECTION CAMPAIGN FINANCING.

    (a) In General.--FECA is amended by adding at the end the following 
new title:

            ``TITLE V--ELECTION SPENDING LIMITS AND BENEFITS

            ``TITLE V--ELECTION SPENDING LIMITS AND BENEFITS

                ``Subtitle A--Senate Election Campaigns

``Sec. 501. Expenditure limitations.
``Sec. 502. Contribution limitations.
``Sec. 503. Eligibility to receive benefits.
``Sec. 504. Benefits eligible candidate entitled to receive.
                ``Subtitle B--Administrative Provisions

``Sec. 521. Certifications by Commission.
``Sec. 522. Examination and audits; repayments and civil penalties.
``Sec. 523. Judicial review.
``Sec. 524. Reports to Congress; certifications; regulations.
``Sec. 525. Closed captioning requirement for television commercials of 
                            eligible candidates.
           ``Subtitle C--Congressional Election Campaign Fund

``Sec. 531. Establishment and operation of the Fund.
``Sec. 532. Designation of receipts to the Fund.

                ``Subtitle A--Senate Election Campaigns

``SEC. 501. EXPENDITURE LIMITATIONS.

    ``(a) In General.--An eligible Senate candidate may not make 
expenditures with respect to any election aggregating more than the 
limit applicable to the election under subsection (b).
    ``(b) Applicable Limits.--For purposes of subsection (a), except as 
otherwise provided in this subtitle--
            ``(1) General election expenditure limit.--
                    ``(A) In general.--The limit for a general election 
                shall be equal to the lesser of--
                            ``(i) $5,500,000; or
                            ``(ii) the greater of--
                                    ``(I) $950,000; or
                                    ``(II) $400,000, plus an amount 
                                equal to the sum of 30 cents multiplied 
                                by the voting age population not in 
                                excess of 4,000,000, and 25 cents 
                                multiplied by the voting age population 
                                in excess of 4,000,000.
                    ``(B) Special rule where only 1 transmitter.--In 
                the case of an eligible Senate candidate in a State 
                which has no more than 1 transmitter for a commercial 
                Very High Frequency (VHF) television station licensed 
                to operate in that State, subclause (II) of paragraph 
                (1)(B)(ii) shall be applied by substituting `80 cents' 
                for `30 cents' and `70 cents' for `25 cents'.
            ``(2) Primary election expenditure limit.--
                    ``(A) In general.--Except as provided in 
                subparagraph (B), the limit for a primary election is 
                an amount equal to 60 percent of the general election 
                expenditure limit under paragraph (1).
                    ``(B) Certain primary elections treated as general 
                elections.--If a primary election may result in the 
                election of a person to a Federal office, the limit for 
                the election is the general election expenditure limit 
                under paragraph (1).
            ``(3) Runoff election expenditure limit.--The limit for a 
        runoff election is an amount equal to 30 percent of the general 
        election expenditure limit under paragraph (1).
    ``(c) Payment of Taxes.--The limitations under subsection (b) shall 
not apply to any expenditure for Federal, State, or local taxes with 
respect to earnings on contributions raised.
    ``(d) Exceptions for Complying Candidates Running Against 
Noncomplying Candidates.--
            ``(1) Excessive contributions to, or personal expenditures 
        by, opposing candidate.--
                    ``(A) 10 percent excess.--If any opponent of an 
                eligible Senate candidate is a noneligible candidate 
                who--
                            ``(i) has received contributions; or
                            ``(ii) has made expenditures from a source 
                        described in section 502(a);
                in an aggregate amount equal to 110 percent of the 
                general election expenditure limit, primary election 
                expenditure limit, or runoff election expenditure limit 
                applicable to the eligible Senate candidate, the 
                general election expenditure limit, primary election 
                expenditure limit, or runoff election expenditure limit 
                (as the case may be) applicable to the eligible Senate 
                candidate shall be increased by 20 percent.
                    ``(B) 50 percent excess.--If any opponent of an 
                eligible Senate candidate is a noneligible candidate 
                who--
                            ``(i) has received contributions; or
                            ``(ii) has made expenditures from a source 
                        described in section 502(a);
                in an aggregate amount equal to 150 percent of the 
                general election expenditure limit, primary election 
                expenditure limit, or runoff election expenditure limit 
                applicable to the eligible Senate candidate, the 
                general election expenditure limit, primary election 
                expenditure limit, or runoff election expenditure limit 
                (as the case may be) applicable to the eligible Senate 
                candidate (without regard to subparagraph (A)) shall be 
                increased by 50 percent.
                    ``(C) 100 percent excess.--If any opponent of an 
                eligible Senate candidate is a noneligible candidate 
                who--
                            ``(i) has received contributions; or
                            ``(ii) has made expenditures from a source 
                        described in section 502(a);
                in an aggregate amount equal to 200 percent of the 
                general election expenditure limit, primary election 
                expenditure limit, or runoff election expenditure limit 
                applicable to the eligible Senate candidate, the 
                general election expenditure limit, primary election 
                expenditure limit, or runoff election expenditure limit 
                (as the case may be) applicable to the eligible Senate 
                candidate (without regard to subparagraph (A) or (B)) 
                shall be increased by 100 percent.
            ``(2) Revocation of eligibility of opponent.--If the status 
        of eligible Senate candidate of any opponent of an eligible 
        Senate candidate is revoked under this title, the general 
        election expenditure limit applicable to the eligible Senate 
        candidate shall be increased by 20 percent.
    ``(e) Expenditures in Response to Independent Expenditures.--If an 
eligible Senate candidate is notified by the Commission under section 
304(c)(4) that independent expenditures totaling at least $1,000 or 
more have been made in the same election in favor of another candidate 
or against the eligible candidate, the eligible candidate shall be 
permitted to spend an amount equal to the amount of the independent 
expenditures, and any such expenditures shall not be subject to any 
limit applicable under this title to the eligible candidate for the 
election.

``SEC. 502. CONTRIBUTION LIMITATIONS.

    ``(a) Personal Contributions.--
            ``(1) In general.--An eligible Senate candidate may not, 
        with respect to an election cycle, make contributions or loans 
        to his or her own campaign from personal funds totaling more 
        than $10,000.
            ``(2) Aggregation.--For purposes of paragraph (1), any 
        contribution or loan to a candidate's campaign by a member of 
        the candidate's immediate family shall be treated as made by 
        the candidate.
    ``(b) Aggregate Contributions.--
            ``(1) General election.--An eligible Senate candidate may 
        not solicit or receive contributions with respect to a general 
        election.
            ``(2) Primary and runoff elections.--An eligible Senate 
        candidate may, subject to any limits, prohibitions, or other 
        requirements of this Act, receive contributions with respect to 
        a primary or runoff election equal to an amount not greater 
        than 50 percent of the applicable limit for the election under 
        section 501 (determined without regard to subsection (d) or (e) 
        thereof).

``SEC. 503. ELIGIBILITY TO RECEIVE BENEFITS.

    ``(a) In General.--For purposes of this subtitle, a candidate is an 
eligible Senate candidate if the candidate--
            ``(1) meets the filing requirements of subsection (b);
            ``(2) meets, and continues to meet, the expenditure and 
        contribution limits of sections 501 and 502; and
            ``(3) in the case of a primary election, meets the 
        threshold contribution requirements of subsection (c).
    ``(b) Filing Requirements.--
            ``(1) Primary.--The requirements of this subsection are met 
        with respect to a primary election if, not later than the date 
        the candidate files as a candidate for the election with the 
        appropriate State election official (or, if earlier, not later 
        than 30 days before the election), the candidate files with the 
        Secretary of the Senate a declaration that--
                    ``(A) the candidate will meet the expenditure and 
                contribution limits of this subtitle;
                    ``(B) the candidate will not accept any 
                contributions in violation of section 315; and
                    ``(C) the candidate will meet requirements similar 
                to the requirements of clauses (ii), (iii), (iv), (v), 
                (vi), and (vii) of paragraph (2)(A).
            ``(2) General election.--
                    ``(A) In general.--The requirements of this 
                subsection are met with respect to a general election 
                if the candidate certifies, under penalty of perjury, 
                to the Secretary of the Senate that--
                            ``(i) the candidate has met the expenditure 
                        and contribution limits of this subtitle with 
                        respect to any primary or runoff election and 
                        will meet such limits for the general election;
                            ``(ii) at least one other candidate has 
                        qualified for the same general election ballot 
                        under the law of the State involved;
                            ``(iii) the candidate will deposit all 
                        payments received under this subtitle in an 
                        account insured by the Federal Deposit 
                        Insurance Corporation from which funds may be 
                        withdrawn by check or similar means of payment 
                        to third parties;
                            ``(iv) the candidate will furnish campaign 
                        records, evidence of contributions, and other 
                        appropriate information to the Commission;
                            ``(v) the candidate will cooperate in the 
                        case of any audit and examination by the 
                        Commission under section 522 and will pay any 
                        amounts required to be paid under that section;
                            ``(vi) the candidate will meet the closed 
                        captioning requirements of section 525; and
                            ``(vii) the candidate intends to make use 
                        of the benefits provided under section 504.
                    ``(B) Time for filing.--The certification under 
                subparagraph (A) shall be filed not later than 7 days 
                after the earlier of--
                            ``(i) the date the candidate qualifies for 
                        the general election ballot under State law; or
                            ``(ii) if, under State law, a primary or 
                        runoff election to qualify for the general 
                        election ballot occurs after September 1, the 
                        date the candidate wins the primary or runoff 
                        election.
    ``(c) Threshold Contribution Requirements.--
            ``(1) In general.--The requirements of this subsection are 
        met if the candidate and the candidate's authorized committees 
        have received allowable contributions during the applicable 
        period in an amount not less than $25,000.
            ``(2) Only $100 contributions taken into account.--
        Allowable contributions of an individual shall not be taken 
        into account under paragraph (1) to the extent such 
        contributions exceed $100.
            ``(3) Definitions.--In this subsection:
                    ``(A) Allowable contribution.--The term `allowable 
                contribution' means a contribution that is made as a 
                gift of money by an individual pursuant to a written 
                instrument identifying the individual as the 
                contributor.
                    ``(B) Applicable period.--The term `applicable 
                period' means the period beginning on January 1 of the 
                calendar year preceding the calendar year of the 
                general election involved and ending on the date on 
                which the certification under subsection (b)(1) is 
                filed by the candidate.

``SEC. 504. BENEFITS ELIGIBLE CANDIDATE ENTITLED TO RECEIVE.

    ``(a) In General.--An eligible Senate candidate shall be entitled 
to payments from the Congressional Election Campaign Fund in an amount 
equal to--
            ``(1) in the case of a general election, an amount equal to 
        the general election expenditure limit applicable to the 
        candidate under section 501, and
            ``(2) in the case of a primary or runoff election, an 
        amount equal to the sum of--
                    ``(A) the amount of contributions received by the 
                candidate with respect to the election not in excess of 
                the limitation under section 502(b), plus
                    ``(B) the amount of any increases in the applicable 
                limit for such election by reason of subsections (d) 
                and (e) of section 501 (relating to opponents exceeding 
                limits and independent expenditures).
    ``(b) Use of Payments.--Payments received by a candidate under 
subsection (a) shall be used to defray expenditures incurred with 
respect to the applicable election period for the candidate.

                ``Subtitle B--Administrative Provisions

``SEC. 521. CERTIFICATIONS BY COMMISSION.

    ``(a) General Eligibility.--The Commission shall determine whether 
a candidate is eligible to receive benefits under subtitle A. The 
initial determination shall be based on the candidate's filings under 
this title. Any subsequent determination shall be based on relevant 
additional information submitted in such form and manner as the 
Commission may require.
    ``(b) Certification of Benefits.--
            ``(1) In general.--Not later than 5 business days after an 
        eligible Senate candidate files a request with the Secretary of 
        the Senate to receive benefits under section 504, the 
        Commission shall certify eligibility for, and the amount of, 
        such benefits.
            ``(2) Requests.--Any request for payments under paragraph 
        (1) shall contain--
                    ``(A) such information and be made in accordance 
                with such procedures as the Commission may provide by 
                regulation; and
                    ``(B) a verification signed by the candidate and 
                the treasurer of the principal campaign committee of 
                such candidate stating that the information furnished 
                in support of the request, to the best of their 
                knowledge, is correct and fully satisfies the 
                requirement of this title.
            ``(3) Partial certification.--If the Commission determines 
        that any portion of a request does not meet the requirement for 
        certification, the Commission shall withhold the certification 
        for that portion only and inform the candidate as to how the 
        request may be corrected.
            ``(4) Certification withheld.--The Commission may withhold 
        certification if it determines that a candidate who is 
        otherwise eligible has engaged in a pattern of activity 
        indicating that the candidate's filings under this title cannot 
        be relied upon.

``SEC. 522. EXAMINATION AND AUDITS; REPAYMENTS AND CIVIL PENALTIES.

    ``(a) Examinations and Audits.--
            ``(1) General elections.--After each general election, the 
        Commission shall conduct an examination and audit of the 
        campaign accounts of 5 percent of the eligible Senate 
        candidates, as designated by the Commission through the use of 
        an appropriate statistical method of random selection, to 
        determine whether such candidates have complied with the 
conditions of eligibility and other requirements of this title. The 
Commission shall conduct an examination and audit of the accounts of 
all candidates for election to an office where any eligible candidate 
for the office is selected for examination and audit.
            ``(2) Special election.--After each special election 
        involving an eligible candidate, the Commission shall conduct 
        an examination and audit of the campaign accounts of all 
        candidates in the election to determine whether the candidates 
        have complied with the conditions of eligibility and other 
        requirements of this Act.
            ``(3) Affirmative vote.--The Commission may conduct an 
        examination and audit of the campaign accounts of any eligible 
        Senate candidate in a general election if the Commission 
        determines that there exists reason to believe whether such 
        candidate may have violated any provision of this title.
    ``(b) Repayments.--
            ``(1) In general.--If the Commission determines that any 
        amount of a payment to a candidate under this title was in 
        excess of the aggregate payments to which such candidate was 
        entitled, or was not used as provided for in this title, the 
        Commission shall so notify such candidate, and such candidate 
        shall pay the amount of such payment.
            ``(2) Excess expenditures of candidates.--If the Commission 
        determines that any eligible candidate who has received 
        benefits under this title has made expenditures in excess of 
        any limit under subtitle A, the Commission shall notify the 
        candidate and the candidate shall pay the amount of the excess.
    ``(c) Civil Penalties.--
            ``(1) Excess expenditures.--
                    ``(A) Low amount of excess expenditures.--Any 
                eligible Senate candidate who makes expenditures that 
                exceed a limitation under subtitle A by 2.5 percent or 
                less shall pay to the Commission an amount equal to the 
                amount of the excess expenditures.
                    ``(B) Medium amount of excess expenditures.--Any 
                eligible Senate candidate who makes expenditures that 
                exceed a limitation under subtitle A by more than 2.5 
                percent and less than 5 percent shall pay to the 
                Commission an amount equal to three times the amount of 
                the excess expenditures.
                    ``(C) Large amount of excess expenditures.--Any 
                eligible Senate candidate who makes expenditures that 
                exceed a limitation under subtitle A by 5 percent or 
                more shall pay to the Commission an amount equal to 
                three times the amount of the excess expenditures plus, 
                if the Commission determines such excess expenditures 
                were willful, a civil penalty in an amount determined 
                by the Commission.
            ``(2) Misused funds of candidates.--If the Commission 
        determines that an eligible Senate candidate used any amount 
        received under this title in a manner not provided for in this 
        title, the Commission may assess a civil penalty against such 
        candidate in an amount not greater than 200 percent of the 
        amount involved.
    ``(d) Unexpended Funds.--Any amount received by an eligible Senate 
candidate under this title and not expended on or before the date of 
the general election shall be repaid within 30 days of the election, 
except that a reasonable amount may be retained for a period not 
exceeding 120 days after the date of the general election for the 
liquidation of all obligations to pay expenditures for the general 
election incurred during the general election period. At the end of 
such 120-day period, any unexpended funds received under this title 
shall be promptly repaid.
    ``(e) Limit on Period for Notification.--No notification shall be 
made by the Commission under this section with respect to an election 
more than 3 years after the date of such election.

``SEC. 523. JUDICIAL REVIEW.

    ``(a) Judicial Review.--Any agency action by the Commission made 
under the provisions of this title shall be subject to review by the 
United States Court of Appeals for the District of Columbia Circuit 
upon petition filed in such court within 30 days after the agency 
action by the Commission for which review is sought. It shall be the 
duty of the Court of Appeals, ahead of all matters not filed under this 
title, to advance on the docket and expeditiously take action on all 
petitions filed pursuant to this title.
    ``(b) Application of Title 5.--The provisions of chapter 7 of title 
5, United States Code, shall apply to judicial review of any agency 
action by the Commission.
    ``(c) Agency Action.--For purposes of this section, the term 
`agency action' has the meaning given such term by section 551(13) of 
title 5, United States Code.

``SEC. 524. REPORTS TO CONGRESS; CERTIFICATIONS; REGULATIONS.

    ``(a) Reports.--The Commission shall, as soon as practicable after 
each election, submit a full report to the Senate and House of 
Representatives setting forth--
            ``(1) the expenditures (shown in such detail as the 
        Commission determines appropriate) made by each eligible 
        candidate and the authorized committees of such candidate;
            ``(2) the amounts of benefits certified by the Commission 
        as available to each eligible candidate under this title; and
            ``(3) the amount of repayments, if any, required under 
        section 522, and the reasons for each repayment required.
    ``(b) Determinations by Commission.--Subject to sections 522 and 
523, all determinations (including certifications under section 521) 
made by the Commission under this title shall be final and conclusive.
    ``(c) Rules and Regulations.--The Commission is authorized to 
prescribe such rules and regulations, in accordance with the provisions 
of subsection (d), to conduct such audits, examinations and 
investigations, and to require the keeping and submission of such 
books, records, and information, as it deems necessary to carry out the 
functions and duties imposed on it by this title.
    ``(d) Report of Proposed Regulations.--The Commission shall submit 
to the House of Representatives and to the Senate a report containing a 
detailed explanation and justification of each rule and regulation of 
the Commission under this title. No such rule, regulation, or form may 
take effect until a period of 30 calendar days has elapsed after the 
report is received. As used in this subsection, the terms `rule' and 
`regulation' mean a provision or series of interrelated provisions 
stating a single, separable rule of law.

``SEC. 525. CLOSED CAPTIONING REQUIREMENT FOR TELEVISION COMMERCIALS OF 
              ELIGIBLE CANDIDATES.

    ``No eligible Senate candidate may receive amounts under subtitle A 
unless such candidate has certified that any television commercial 
prepared or distributed by the candidate will be prepared in a manner 
that contains, is accompanied by, or otherwise readily permits closed 
captioning of the oral content of the commercial to be broadcast by way 
of line 21 of the vertical blanking interval, or by way of comparable 
successor technologies.

           ``Subtitle C--Congressional Election Campaign Fund

``SEC. 531. ESTABLISHMENT AND OPERATION OF THE FUND.

    ``(a) In General.--There is hereby established on the books of the 
Treasury of the United States a special fund to be known as the 
Congressional Election Campaign Fund (hereafter in this title referred 
to as the `Fund'). The amounts designated for the Fund shall remain 
available without fiscal year limitation for purposes of providing 
benefits under this title and making expenditures for the 
administration of the Fund. The Secretary shall maintain such accounts 
in the Fund as may be required by this title or which the Secretary 
determines to be necessary to carry out the provisions of this title.
    ``(b) Payments Upon Certification.--Upon receipt of a certification 
from the Commission under section 521, except as provided in subsection 
(c), the Secretary shall issue within 48 hours to an eligible candidate 
the amount of payments certified by the Commission to the eligible 
candidate out of the Fund.
    ``(c) Reductions in Payments if Funds Insufficient.--
            ``(1) In general.--If, at the time of a certification by 
        the Commission under section 521 for payment to an eligible 
        candidate, the Secretary determines that the monies in the Fund 
        are not, or may not be, sufficient to satisfy the full 
        entitlement of all eligible candidates, the Secretary shall 
        withhold from the amount of such payment such amount as the 
        Secretary determines to be necessary to assure that each 
        eligible candidate will receive the same pro rata share of such 
        candidate's full entitlement.
            ``(2) Payment upon finding of sufficient monies.--Amounts 
        withheld under paragraph (1) shall be paid during the same 
        election cycle when the Secretary determines that there are 
        sufficient monies in the Fund to pay all, or a portion thereof, 
        to all eligible candidates from whom amounts have been 
        withheld, except that if only a portion is to be paid, it shall 
        be paid in such manner that each eligible candidate receives an 
        equal pro rata share of such portion.
            ``(3) Estimates.--
                    ``(A) In general.--Not later than March 31 of any 
                calendar year in which there is a regularly scheduled 
                general election, the Secretary, after consultation 
                with the Commission, shall make an estimate of--
                            ``(i) the amount of monies in the Fund 
                        which will be available to make payments 
                        required by this title in the succeeding 
                        calendar year, taking into account the amounts 
                        estimated to be transferred to the Fund during 
                        the calendar year of the election; and
                            ``(ii) the amount of expenditures which 
                        will be required under this title in such 
                        calendar year.
                    ``(B) Notice of estimated reduction.--If the 
                Secretary determines that there will be insufficient 
                monies in the Fund to make the expenditures required by 
                this title for any calendar year, the Secretary shall 
                notify each candidate on April 30 of such calendar year 
                (or, if later, the date on which an individual becomes 
                a candidate) of the amount which the Secretary 
                estimates will be the pro rata reduction in each 
                eligible candidate's payments under this subsection. 
                Such notice shall be by registered mail.
    ``(d) Notification.--The Secretary shall notify the Commission and 
each eligible candidate by registered mail of any reduction of any 
payment by reason of subsection (c).

``SEC. 532. DESIGNATION OF RECEIPTS TO THE FUND.

    ``(a) Appropriation.--There are hereby appropriated to the Fund the 
following amounts:
            ``(1) Designated amounts.--Amounts designated to the Fund 
        under sections 6096(a)(2) and 6097 of the Internal Revenue Code 
        of 1986.
            ``(2) Payments and penalties.--Payments and civil penalties 
        received by the Commission under section 522.
    ``(b) Authorization of Appropriations.--These are authorized to be 
appropriated for each fiscal year to the Fund the excess (if any) of--
            ``(1) the aggregate payments required to be made from the 
        Fund under this title for the fiscal year, over
            ``(2) the sum of the balance in the Fund as of the close of 
        the preceding fiscal year plus amounts paid into the Fund under 
        subsection (a).''
    (b) Effective Date.--The amendments made by this section shall 
apply to elections occurring after December 31, 1998.

SEC. 102. REPORTING REQUIREMENTS.

    Title III of FECA is amended by adding after section 304 the 
following new sections:

             ``reporting requirements for senate candidates

    ``Sec. 304A. (a) Candidate Other Than Eligible Senate Candidate.--
(1) Each candidate for the office of United States Senator who does not 
file a certification with the Secretary of the Senate under section 
503(b)(2) shall file with the Secretary of the Senate a declaration as 
to whether such candidate intends to make expenditures for any primary, 
runoff, or general election in excess of the expenditure limit 
applicable to an eligible Senate candidate under section 501. Such 
declaration shall be filed at the time provided in section 
503(b)(2)(B).
    ``(2) Any candidate for the United States Senate who qualifies for 
the ballot for a general election--
            ``(A) who is not an eligible Senate candidate under section 
        503; and
            ``(B) who either raises aggregate contributions, or makes 
        or obligates to make aggregate expenditures, for any primary, 
        runoff, or general election which exceed 75 percent of the 
        expenditure limit applicable to an eligible Senate candidate 
        under section 501,
shall file a report with the Secretary of the Senate within 2 business 
days after such contributions have been raised or such expenditures 
have been made or obligated to be made (or, if later, within 2 business 
days after the date of qualification for the general election ballot), 
setting forth the candidate's total contributions and total 
expenditures for such election as of such date. Thereafter, such 
candidate shall file additional reports (until such contributions or 
expenditures exceed 200 percent of such limit) with the Secretary of 
the Senate within 2 business days after each time additional 
contributions are raised, or expenditures are made or are obligated to 
be made, which in the aggregate exceed an amount equal to 10 percent of 
such limit and after the total contributions or expenditures exceed 
100, 120, 140, 160, 180, and 200 percent of such limit.
    ``(3) The Commission--
            ``(A) shall, within 2 business days of receipt of a 
        declaration or report under paragraph (1) or (2), notify each 
        eligible Senate candidate in the election involved about such 
        declaration or report; and
            ``(B) if an opposing candidate has raised aggregate 
        contributions, or made or has obligated to make aggregate 
        expenditures, in excess of the applicable election expenditure 
        limit under section 501, shall certify, pursuant to the 
        provisions of subsection (d), such eligibility for payment of 
        any amount to which such eligible Senate candidate is entitled 
        under section 504(a).
    ``(4) Notwithstanding the reporting requirements under this 
subsection, the Commission may make its own determination that a 
candidate in a general election who is not an eligible Senate candidate 
has raised aggregate contributions, or made or has obligated to make 
aggregate expenditures, in the amounts which would require a report 
under paragraph (2). The Commission shall, within 2 business days after 
making each such determination, notify each eligible Senate candidate 
in the election involved about such determination, and shall, when such 
contributions or expenditures exceed the election expenditure limit 
under section 501, certify (pursuant to the provisions of subsection 
(d)) such candidate's eligibility for payment of any amount under 
section 504(a).
    ``(b) Reports on Personal Funds.--(1) Any candidate for the United 
States Senate who during the election cycle expends more than the 
limitation under section 502 during the election cycle from his 
personal funds, the funds of his immediate family, and personal loans 
incurred by the candidate and the candidate's immediate family shall 
file a report with the Secretary of the Senate within 2 business days 
after such expenditures have been made or loans incurred.
    ``(2) The Commission within 2 business days after a report has been 
filed under paragraph (1) shall notify each eligible Senate candidate 
in the election involved about each such report.
    ``(3) Notwithstanding the reporting requirements under this 
subsection, the Commission may make its own determination that a 
candidate for the United States Senate has made expenditures in excess 
of the amount under paragraph (1). The Commission within 2 business 
days after making such determination shall notify each eligible Senate 
candidate in the general election involved about each such 
determination.
    ``(c) Certifications.--Notwithstanding section 521(a), the 
certification required by this section shall be made by the Commission 
on the basis of reports filed in accordance with the provisions of this 
Act, or on the basis of the Commission's own investigation or 
determination.
    ``(d) Shorter Periods for Reports and Notices During Election 
Week.--Any report, determination, or notice required by reason of an 
event occurring during the 7-day period ending with the general 
election shall be made within 24 hours (rather than 2 business days) of 
the event.
    ``(e) Copies of Reports and Public Inspection.--The Secretary of 
the Senate shall transmit a copy of any report or filing received under 
this section or under subtitle A of title V as soon as possible (but no 
later than 4 working hours of the Commission) after receipt of such 
report or filing, and shall make such report or filing available for 
public inspection and copying in the same manner as the Commission 
under section 311(a)(4), and shall preserve such reports and filings in 
the same manner as the Commission under section 311(a)(5).
    ``(f) Definitions.--For purposes of this section, any term used in 
this section which is used in title V shall have the same meaning as 
when used in title V.''

SEC. 103. REPORTING REQUIREMENTS FOR CERTAIN INDEPENDENT EXPENDITURES.

    Section 304(c) of FECA (2 U.S.C. 434(c)) is amended--
            (1) in paragraph (2), by striking the undesignated matter 
        after subparagraph (C);
            (2) by redesignating paragraph (3) as paragraph (8); and
            (3) by inserting after paragraph (2), as amended by 
        paragraph (1), the following new paragraphs:
    ``(3)(A) Any person (including a political committee) making, 
obligating to make, or intending to make independent expenditures 
(including those described in subsection (b)(6)(B)(iii)) with respect 
to a candidate in an election aggregating $1,000 or more shall file a 
report within 24 hours after the date on which such person takes such 
action. An additional report shall be filed each time the person makes, 
obligates to make, or intends to make independent expenditures 
aggregating $1,000 or more are made with respect to the same candidate 
after the latest report filed under this subparagraph.
    ``(B) A report under subparagraph (A) shall be filed with the Clerk 
of the House of Representatives, the Secretary of the Senate, or the 
Commission, whichever is applicable, and the Secretary of State of the 
State involved, and shall identify each candidate whom the expenditure 
is actually intended to support or to oppose. The Clerk of the House of 
Representatives and the Secretary of the Senate shall as soon as 
possible (but not later than 4 working hours of the Commission) after 
receipt of a report transmit it to the Commission. Not later than 2 
business days after the Commission receives a report, the Commission 
shall transmit a copy of the report to each candidate seeking 
nomination or election to that office.
    ``(4) The Commission may, upon a request of a candidate or on its 
own initiative, make its own determination that a person has made, has 
incurred obligations to make, or intends to make independent 
expenditures with respect to any candidate in any election which in the 
aggregate exceed the applicable amounts under paragraph (3). The 
Commission shall notify each candidate in such election of such 
determination within 2 business days after making it. Any determination 
made at the request of a candidate shall be made within 48 hours of the 
request.
    ``(5) At the time at which an eligible Senate candidate is notified 
under paragraph (3) or (4) with respect to expenditures during a 
general election period, the Commission shall certify eligibility to 
receive benefits under section 504.
    ``(6) The Clerk of the House of Representatives and the Secretary 
of the Senate shall make any report received under this subsection 
available for public inspection and copying in the same manner as the 
Commission under section 311(a)(4), and shall preserve such statements 
in the same manner as the Commission under section 311(a)(5).
    ``(7)(A) A person that makes a reservation of broadcast time to 
which section 315(a) of the Communications Act of 1947 (47 U.S.C. 
315(a)) applies, the payment for which would constitute an independent 
expenditure, shall at the time of the reservation--
            ``(i) inform the broadcast licensee that payment for the 
        broadcast time will constitute an independent expenditure;
            ``(ii) inform the broadcast licensee of the names of all 
        candidates for the office to which the proposed broadcast 
        relates and state whether the message to be broadcast is 
        intended to be made in support of or in opposition to each such 
        candidate; and
            ``(iii) provide the broadcast licensee a copy of the report 
        described in paragraph (3).
    ``(B) For purposes of this paragraph, the term `broadcast' includes 
any cablecast.''

     Subtitle B--Reduction in Limit on PAC Contributions to Senate 
                               Candidates

SEC. 111. REDUCTION IN LIMIT ON PAC CONTRIBUTIONS TO SENATE CANDIDATES.

    Section 315(a)(2)(A) of FECA (2 U.S.C. 441a(a)(2)(A)) is amended to 
read as follows:
                    ``(A) to any candidate and the candidate's 
                authorized political committees with respect to--
                            ``(i) any election for Federal office 
                        (other than United States Senator) which, in 
                        the aggregate, exceed $5,000, or
                            ``(ii) any election for the office of 
                        United States Senator which, in the aggregate, 
                        exceed $2,000.''

                   TITLE II--PUBLIC FINANCING SYSTEM

SEC. 201. INCREASE IN CURRENT VOLUNTARY CHECKOFF SYSTEM.

    (a) In General.--Section 6096(a) of the Internal Revenue Code of 
1986 (relating to designation by individuals) is amended to read as 
follows:
    ``(a) In General.--Every individual (other than a nonresident 
alien) whose income tax liability for the taxable year is $10 or more 
may designate that $10 shall be paid over to the Federal election 
campaign funds as follows:
            ``(1) $3 to the Presidential Election Campaign Fund in 
        accordance with the provisions of section 9006(a).
            ``(2) $7 to the Congressional Election Campaign Fund in 
        accordance with the provisions of subtitle C of title V of the 
        Federal Election Campaign Act of 1971.
In the case of a joint return of a husband and wife having an income 
tax liability of $20 or more, each spouse may designate that $10 shall 
be paid as provided in the preceding sentence.''
    (b) Conforming Amendment.--Section 9006(a) is amended by striking 
``section 6096'' and inserting ``section 6096(a)(1)''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1996.

SEC. 202. VOLUNTARY CONTRIBUTIONS TO CONGRESSIONAL ELECTION CAMPAIGN 
              FUND.

    (a) General Rule.--Part VIII of subchapter A of chapter 61 of the 
Internal Revenue Code of 1986 (relating to returns and records) is 
amended by adding at the end the following:

    ``Subpart B--Designation of Additional Amounts to Congressional 
                         Election Campaign Fund

                              ``Sec. 6097. Designation of additional 
                                        amounts.

``SEC. 6097. DESIGNATION OF ADDITIONAL AMOUNTS.

    ``(a) General Rule.--Every individual (other than a nonresident 
alien) who files an income tax return for any taxable year may 
designate an additional amount which is not less than $1 and not more 
than $5,000 to be paid over to the Congressional Election Campaign Fund 
established under subtitle C of title V of the Federal Election 
Campaign Act of 1971.
    ``(b) Manner and Time of Designation.--A designation under 
subsection (a) may be made for any taxable year only at the time of 
filing the income tax return for the taxable year. Such designation 
shall be made on the page bearing the taxpayer's signature.
    ``(c) Treatment of Additional Amounts.--Any additional amount 
designated under subsection (a) for any taxable year shall, for all 
purposes of law, be treated as an additional income tax imposed by 
chapter 1 for such taxable year.
    ``(d) Income Tax Return.--For purposes of this section, the term 
`income tax return' means the return of the tax imposed by chapter 1.''
    (b) Deductibility of Contributions.--
            (1) In general.--Part VII of subchapter B of chapter 1 of 
        the Internal Revenue Code of 1986 (relating to additional 
        itemized deductions for individuals) is amended by 
        redesignating section 221 as section 222 and by inserting after 
        section 220 the following new section:

``SEC. 221. CONTRIBUTIONS TO CONGRESSIONAL ELECTION CAMPAIGN FUND.

    ``There shall be allowed as a deduction for any taxable year an 
amount equal to the lesser of--
            ``(1) the amount designated on the income tax return for 
        the taxable year under section 6097(a), or
            ``(2) $100 ($200 in the case of a joint return).''
            (2) Above-the-line deduction.--Section 62(a) of such Code 
        is amended by adding after paragraph (16) the following new 
        paragraph:
            ``(17) Congressional campaign fund contributions.--The 
        deduction allowed by section 221.''
    (c) Conforming Amendments.--
            (1) Part VIII of subchapter A of chapter 61 of such Code is 
        amended by striking the heading and inserting:

     ``PART VIII--DESIGNATION OF AMOUNTS TO ELECTION CAMPAIGN FUNDS

                              ``Subpart A. Federal Election Campaign 
                                        Funds.
                              ``Subpart B. Designation of additional 
                                        amounts to Congressional 
                                        Election Campaign Fund.

            ``Subpart A--Federal Election Campaign Funds''.

            (2) The table of parts for subchapter A of chapter 61 of 
        such Code is amended by striking the item relating to part VIII 
        and inserting:

                              ``Part VIII. Designation of amounts to 
                                        election campaign funds.''
            (3) The table of sections for part VII of subchapter B of 
        chapter 1 of such Code is amended by striking the item relating 
        to section 221 and inserting:

                              ``Sec. 221. Contributions to 
                                        Congressional Election Campaign 
                                        Fund.
                              ``Sec. 222. Cross reference.''
    (d) Effective Date.--The amendments made by this subsection shall 
apply to taxable years beginning after December 31, 1996.

   TITLE III--PROVISIONS RELATING TO SOFT MONEY OF POLITICAL PARTIES

SEC. 301. SOFT MONEY OF POLITICAL PARTIES.

    Title III of FECA (2 U.S.C. 301 et seq.) is amended by adding at 
the end the following:

``SEC. 324. SOFT MONEY OF POLITICAL PARTIES.

    ``(a) National Committees.--A national committee of a political 
party (including a national congressional campaign committee of a 
political party, an entity that is established, financed, maintained, 
or controlled by the national committee, a national congressional 
campaign committee of a political party, and an officer or agent of any 
such party or entity but not including an entity regulated under 
subsection (b)) shall not solicit or receive any contributions, 
donations, or transfers of funds, or spend any funds, not subject to 
the limitations, prohibitions, and reporting requirements of this Act.
    ``(b) State, District, and Local Committees.--
            ``(1) Limitation.--Any amount that is expended or disbursed 
        by a State, district, or local committee of a political party 
        (including an entity that is established, financed, maintained, 
        or controlled by a State, district, or local committee of a 
        political party and an agent or officer of any such committee 
        or entity) during a calendar year in which a Federal election 
        is held, for any activity that might affect the outcome of a 
        Federal election, including any voter registration or get-out-
        the-vote activity, any generic campaign activity, and any 
        communication that identifies a candidate (regardless of 
        whether a candidate for State or local office is also mentioned 
        or identified) shall be made from funds subject to the 
        limitations, prohibitions, and reporting requirements of this 
        Act.
            ``(2) Activity not included in paragraph (1).--
                    ``(A) In general.--Paragraph (1) shall not apply to 
                an expenditure or disbursement made by a State, 
                district, or local committee of a political party for--
                            ``(i) a contribution to a candidate for 
                        State or local office if the contribution is 
                        not designated or otherwise earmarked to pay 
                        for an activity described in paragraph (1);
                            ``(ii) the costs of a State, district, or 
                        local political convention;
                            ``(iii) the non-Federal share of a State, 
                        district, or local party committee's 
                        administrative and overhead expenses (but not 
                        including the compensation in any month of any 
                        individual who spends more than 20 percent of 
                        the individual's time on activity during the 
                        month that may affect the outcome of a Federal 
                        election) except that for purposes of this 
                        paragraph, the non-Federal share of a party 
                        committee's administrative and overhead 
                        expenses shall be determined by applying the 
                        ratio of the non-Federal disbursements to the 
                        total Federal expenditures and non-Federal 
                        disbursements made by the committee during the 
                        previous presidential election year to the 
                        committee's administrative and overhead 
                        expenses in the election year in question;
                            ``(iv) the costs of grassroots campaign 
                        materials, including buttons, bumper stickers, 
                        and yard signs that name or depict only a 
                        candidate for State or local office; and
                            ``(v) the cost of any campaign activity 
                        conducted solely on behalf of a clearly 
                        identified candidate for State or local office, 
                        if the candidate activity is not an activity 
                        described in paragraph (1).
                    ``(B) Fundraising.--Any amount that is expended or 
                disbursed by a national, State, district, or local 
                committee, by an entity that is established, financed, 
                maintained, or controlled by a State, district, or 
                local committee of a political party, or by an agent or 
                officer of any such committee or entity to raise funds 
                that are used, in whole or in part, to pay the costs of 
                an activity described in subparagraph (A) shall be made 
                from funds subject to the limitations, prohibitions, 
                and reporting requirements of this Act.
    ``(c) Tax-Exempt Organizations.--No national, State, district, or 
local committee of a political party shall solicit any funds for or 
make any donations to an organization that is exempt from Federal 
taxation under section 501(c) of the Internal Revenue Code of 1986.
    ``(d) Candidates.--
            ``(1) In general.--Except as provided in paragraph (2), no 
        candidate, individual holding Federal office, or agent of a 
        candidate or individual holding Federal office may--
                    ``(A) solicit or receive funds in connection with 
                an election for Federal office unless the funds are 
                subject to the limitations, prohibitions, and reporting 
                requirements of this Act; or
                    ``(B) solicit or receive funds that are to be 
                expended in connection with any election for other than 
                a Federal election unless the funds--
                            ``(i) are not in excess of the amounts 
                        permitted with respect to contributions to 
                        candidates and political committees under 
                        section 315(a) (1) and (2); and
                            ``(ii) are not from sources prohibited by 
                        this Act from making contributions with respect 
                        to an election for Federal office.
            ``(2) Exception.--Paragraph (1) does not apply to the 
        solicitation or receipt of funds by an individual who is a 
        candidate for a State or local office if the solicitation or 
        receipt of funds is permitted under State law for the 
individual's State or local campaign committee.''

SEC. 302. STATE PARTY GRASSROOTS FUNDS.

    (a) Individual Contributions.--Section 315(a)(1) of FECA (2 U.S.C. 
441a(a)(1)) is amended--
            (1) in subparagraph (B) by striking ``or'' at the end;
            (2) by redesignating subparagraph (C) as subparagraph (D); 
        and
            (3) by inserting after subparagraph (B) the following:
            ``(C) to--
                    ``(i) a State Party Grassroots Fund established and 
                maintained by a State committee of a political party in 
                any calendar year which, in the aggregate, exceed 
                $20,000; and
                    ``(ii) any other political committee established 
                and maintained by a State committee of a political 
                party in any calendar year which, in the aggregate, 
                exceed $5,000;
        except that the aggregate contributions described in this 
        subparagraph that may be made by a person to the State Party 
        Grassroots Fund and all committees of a State Committee of a 
        political party in any State in any calendar year shall not 
        exceed $20,000; or''.
    (b) Multicandidate Committee Contributions to State Party.--Section 
315(a)(2) of FECA (2 U.S.C. 441a(a)(2)) is amended--
            (1) in subparagraph (B), by striking ``or'' at the end;
            (2) by redesignating subparagraph (C) as subparagraph (D); 
        and
            (3) by inserting after subparagraph (B) the following:
            ``(C) to--
                    ``(i) a State Party Grassroots Fund established and 
                maintained by a State committee of a political party in 
                any calendar year which in the aggregate, exceed 
                $15,000; and
                    ``(ii) any other political committee established 
                and maintained by a State committee of a political 
                party which, in the aggregate, exceed $5,000;
        except that the aggregate contributions described in this 
        subparagraph that may be made by a multicandidate political 
        committee to the State Party Grassroots Fund and all committees 
        of a State Committee of a political party in any State in any 
        calendar year shall not exceed $15,000; or''.
    (c) Overall Limit.--
            (1) In general.--Section 315(a) of FECA (2 U.S.C. 441a(a)) 
        is amended by striking paragraph (3) and inserting the 
        following:
            ``(3) Overall limit.--
                    ``(A) Election cycle.--No individual shall make 
                contributions during any election cycle that, in the 
                aggregate, exceed $60,000.
                    ``(B) Calendar year.--No individual shall make 
                contributions during any calendar year--
                            ``(i) to all candidates and their 
                        authorized political committees that, in the 
                        aggregate, exceed $25,000; or
                            ``(ii) to all political committees 
                        established and maintained by State committees 
                        of a political party that, in the aggregate, 
                        exceed $20,000.
                    ``(C) Nonelection years.--For purposes of 
                subparagraph (B)(i), any contribution made to a 
                candidate or the candidate's authorized political 
                committees in a year other than the calendar year in 
                which the election is held with respect to which the 
                contribution is made shall be treated as being made 
                during the calendar year in which the election is 
                held.''
            (2) Definition.--Section 301 of FECA (2 U.S.C. 431) is 
        amended by adding at the end the following:
            ``(20) Election cycle.--The term `election cycle' means--
                    ``(A) in the case of a candidate or the authorized 
                committees of a candidate, the period beginning on the 
                day after the date of the most recent general election 
                for the specific office or seat that the candidate 
                seeks and ending on the date of the next general 
                election for that office or sea; and
                    ``(B) in the case of all other persons, the period 
                beginning on the first day following the date of the 
                last general election and ending on the date of the 
                next general election.''
    (d) State Party Grassroots Funds.--
            (1) In general.--Title III of FECA (2 U.S.C. 301 et seq.) 
        (as amended by section 301) is amended by adding at the end the 
        following:

``SEC. 325. STATE PARTY GRASSROOTS FUNDS.

    ``(a) Definition.--In this section, the term `State or local 
candidate committee' means a committee established, financed, 
maintained, or controlled by a candidate for other than Federal office.
    ``(b) Transfers.--Notwithstanding section 315(a)(4), no funds may 
be transferred by a State committee of a political party from its State 
Party Grassroots Fund to any other State Party Grassroots Fund or to 
any other political committee, except a transfer may be made to a 
district or local committee of the same political party in the same 
State if the district or local committee--
            ``(1) has established a separate segregated fund for the 
        purposes described in section 324(b)(1); and
            ``(2) uses the transferred funds solely for those purposes.
    ``(c) Amounts Received by Grassroots Funds From State and Local 
Candidate Committees.--
            ``(1) In general.--Any amount received by a State Party 
        Grassroots Fund from a State or local candidate committee for 
        expenditures described in section 324(b)(1) that are for the 
        benefit of that candidate shall be treated as meeting the 
        requirements of 324(b)(1) and section 304(d) if--
                    ``(A) the amount is derived from funds which meet 
                the requirements of this Act with respect to any 
                limitation or prohibition as to source or dollar amount 
                specified in section 315(a) (1)(A) and (2)(A); and
                    ``(B) the State or local candidate committee--
                            ``(i) maintains, in the account from which 
                        payment is made, records of the sources and 
                        amounts of funds for purposes of determining 
                        whether those requirements are met; and
                            ``(ii) certifies that the requirements were 
                        met.
            ``(2) Determination of compliance.--For purposes of 
        paragraph (1)(A), in determining whether the funds transferred 
        meet the requirements of this Act described in paragraph 
        (1)(A)--
                    ``(A) a State or local candidate committee's cash 
                on hand shall be treated as consisting of the funds 
                most recently received by the committee; and
                    ``(B) the committee must be able to demonstrate 
                that its cash on hand contains funds meeting those 
                requirements sufficient to cover the transferred funds.
            ``(3) Reporting.--Notwithstanding paragraph (1), any State 
        Party Grassroots Fund that receives a transfer described in 
        paragraph (1) from a State or local candidate committee shall 
        be required to meet the reporting requirements of this Act, and 
        shall submit to the Commission all certifications received, 
        with respect to receipt of the transfer from the candidate 
        committee.''
            (2) Definition.--Section 301 of FECA (2 U.S.C. 431) (as 
        amended by subsection (c)(2)) is amended by adding at the end 
        the following:
            ``(21) State party grassroots fund.--The term `State Party 
        Grassroots Fund' means a separate segregated fund established 
        and maintained by a State committee of a political party solely 
        for the purpose of making expenditures and other disbursements 
        described in section 324(b).''

SEC. 303. REPORTING REQUIREMENTS.

    (a) Reporting Requirements.--Section 304 of FECA (2 U.S.C. 434) is 
amended by adding at the end the following new subsection:
    ``(d) Political Committees.--(1) The national committee of a 
political party, any congressional campaign committee of a political 
party, and any subordinate committee of either, shall report all 
receipts and disbursements during the reporting period, whether or not 
in connection with an election for Federal office.
    ``(2) A political committee (not described in paragraph (1)) to 
which section 324(b)(1) applies shall report all receipts and 
disbursements.
    ``(3) Any political committee shall include in its report under 
paragraph (1) or (2) the amount of any contribution received by a 
national committee which is to be transferred to a State committee for 
use directly (or primarily to support) activities described in section 
324(b)(2) and shall itemize such amounts to the extent required by 
subsection (b)(3)(A).
    ``(4) Any political committee to which paragraph (1) or (2) does 
not apply shall report any receipts or disbursements that are used in 
connection with a Federal election.
    ``(5) If a political committee has receipts or disbursements to 
which this subsection applies from any person aggregating in excess of 
$200 for any calendar year, the political committee shall separately 
itemize its reporting for such person in the same manner as required in 
subsection (b) (3)(A), (5), or (6).
    ``(6) Reports required to be filed under this subsection shall be 
filed for the same time periods required for political committees under 
subsection (a).''
    (b) Report of Exempt Contributions.--Section 301(8) of FECA (2 
U.S.C. 431(8)) is amended by inserting at the end the following:
                    ``(C) The exclusion provided in subparagraph 
                (B)(viii) shall not apply for purposes of any 
                requirement to report contributions under this Act, and 
                all such contributions aggregating in excess of $200 
                shall be reported.''
    (c) Reports by State Committees.--Section 304 of FECA (2 U.S.C. 
434), as amended by subsection (a), is amended by adding at the end the 
following new subsection:
    ``(e) Filing of State Reports.--In lieu of any report required to 
be filed by this Act, the Commission may allow a State committee of a 
political party to file with the Commission a report required to be 
filed under State law if the Commission determines such reports contain 
substantially the same information.''
    (d) Other Reporting Requirements.--
            (1) Authorized committees.--Section 304(b)(4) of FECA (2 
        U.S.C. 434(b)(4)) is amended--
                    (A) by striking ``and'' at the end of subparagraph 
                (H);
                    (B) by inserting ``and'' at the end of subparagraph 
                (I); and
                    (C) by adding at the end the following new 
                subparagraph:
                    ``(J) in the case of an authorized committee, 
                disbursements for the primary election, the general 
                election, and any other election in which the candidate 
                participates;''.
            (2) Names and addresses.--Section 304(b)(5)(A) of FECA (2 
        U.S.C. 434(b)(5)(A)) is amended--
                    (A) by striking ``within the calendar year''; and
                    (B) by inserting ``, and the election to which the 
                operating expenditure relates'' after ``operating 
                expenditure''.

  TITLE IV--PROHIBITION OF CONTRIBUTIONS BY INDIVIDUALS INELIGIBLE TO 
                                  VOTE

SEC. 401. PROHIBITION OF CONTRIBUTIONS BY INDIVIDUALS INELIGIBLE TO 
              VOTE.

    (a) Prohibition.--Section 319 of the Federal Election Campaign Act 
of 1971 (2 U.S.C. 441e) is amended--
            (1) in the heading by adding ``AND INDIVIDUALS NOT 
        QUALIFIED TO REGISTER TO VOTE'' at the end; and
            (2) in subsection (a)--
                    (A) by striking ``(a) It shall'' and inserting the 
                following:
    ``(a) Prohibitions.--
            ``(1) Foreign nationals.--It shall''; and
                    (B) by adding at the end the following:
            ``(2) Individuals not qualified to vote.--It shall be 
        unlawful for an individual who is not qualified to register to 
        vote in a Federal election to make a contribution, or to 
        promise expressly or impliedly to make a contribution, in 
        connection with a Federal election; or for any person to 
        solicit, accept, or receive a contribution in connection with a 
        Federal election from an individual who is not qualified to 
        register to vote in a Federal election.''.
    (b) Inclusion in Definition of Identification.--Section 301(13) of 
the Federal Election Campaign Act of 1971 (2 U.S.C. 431(13)) is 
amended--
            (1) in subparagraph (A)--
                    (A) by striking ``and'' the first place it appears; 
                and
                    (B) by inserting ``, and an affirmation that the 
                individual is an individual who is not prohibited by 
                section 319 from making a contribution'' after 
                ``employer''; and
            (2) in subparagraph (B) by inserting ``and an affirmation 
        that the person is a person that is not prohibited by section 
        319 from making a contribution'' after ``such person''.
                                 <all>