[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 681 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 681

   To amend the Federal Election Campaign Act of 1971 to prohibit an 
 authorized committee of a winning candidate for election for Federal 
 office which received a personal loan from the candidate from making 
any repayment on the loan after the date on which the candidate begins 
                        serving in such office.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 11, 2003

 Mr. English introduced the following bill; which was referred to the 
                   Committee on House Administration

_______________________________________________________________________

                                 A BILL


 
   To amend the Federal Election Campaign Act of 1971 to prohibit an 
 authorized committee of a winning candidate for election for Federal 
 office which received a personal loan from the candidate from making 
any repayment on the loan after the date on which the candidate begins 
                        serving in such office.

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

SECTION 1. PROHIBITING REPAYMENT OF CANDIDATE PERSONAL LOANS AFTER DATE 
              ON WHICH CANDIDATE BEGINS SERVING IN ELECTED OFFICE.

    Section 315 of the Federal Election Campaign Act of 1971 (2 U.S.C. 
441a), as amended by section 304(a) of the Bipartisan Campaign Finance 
Reform Act of 2002, is amended by adding at the end the following new 
subsection:
    ``(k) Limitations on Repayment of Personal Loans Made by Candidate 
to Committee.--An authorized committee of a winning candidate for an 
election for Federal office occurring after December 2003 which 
received a personal loan from the candidate may not make any repayment 
with respect to such loan on or after the date on which the candidate 
begins serving in the office.''.
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