109 HR 5905 IH: Presidential Funding Act of
U.S. House of Representatives
2006-07-26
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.Short title; table of
contents
(a)This Act may be cited
as the Presidential Funding Act of
2006
.
(b)The table of contents of this Act is as follows:
Sec. 1. Short title; table of contents.
Sec. 2. Revisions to system of Presidential primary matching
payments.
Sec. 3. Requiring participation in primary payment system as
condition of eligibility for general election payments.
Sec. 4. Revisions to expenditure limits.
Sec. 5. Additional payments and increased expenditure limits
for candidates participating in public financing who face certain
nonparticipating opponents.
Sec. 6. Establishment of uniform date for release of payments
from Presidential Election Campaign Fund to eligible candidates.
Sec. 7. Revisions to designation of income tax payments by
individual taxpayers.
Sec. 8. Amounts in Presidential Election Campaign
Fund.
Sec. 9. Repeal of priority in use of funds for political
conventions.
Sec. 10. Regulation of convention financing.
Sec. 11. Disclosure of bundled contributions.
Sec. 12. Effective date.
2.Revisions to
system of Presidential primary matching payments
(a)Increase in
matching payments
(1)Section 9034(a) of the Internal Revenue Code of 1986 is
amended—
(A)by striking
an amount equal to the amount
and inserting an amount
equal to 400 percent of the amount
; and
(B)by striking
$250
and inserting $200
.
(2)Additional
matching payments for candidates after March 31 of the election
yearSection 9034(b) of such Code is amended to read as
follows:
(b)Additional
payments for candidates after March 31 of the election yearIn
addition to any payment under subsection (a), an individual who is a candidate
after March 31 of the calendar year in which the presidential election is held
and who is eligible to receive payments under section 9033 shall be entitled to
payments under section 9037 in an amount equal to the amount of each
contribution received by such individual after March 31 of the calendar year in
which such presidential election is held, disregarding any amount of
contributions from any person to the extent that the total of the amounts
contributed by such person after such date exceeds
$200.
.
(3)Section 9034 of such Code, as amended by paragraph
(2), is amended—
(A)by striking the
last sentence of subsection (a); and
(B)by inserting after
subsection (b) the following new subsection:
(c)For purposes of this section and section 9033(b), the
term contribution means a gift of money made by a written
instrument which identifies the person making the contribution by full name and
mailing address, but does not include a subscription, loan, advance, or deposit
of money, or anything of value or anything described in subparagraph (B), (C),
or (D) of section
9032(4).
.
(b)
(1)Amount of
aggregate contributions per StateSection 9033(b)(3) of such Code
is amended by striking $5,000
and inserting
$25,000
.
(2)Amount of
individual contributionsSection 9033(b)(4) of such Code is
amended by striking $250
and inserting
$200
.
(3)Participation in
system for payments for general electionSection 9033(b) of such
Code is amended—
(A)by striking
and
at the end of paragraph (3);
(B)by striking the
period at the end of paragraph (4) and inserting , and
;
and
(C)by adding at the
end the following new paragraph:
(5)if the candidate
is nominated by a political party for election to the office of President, the
candidate will apply for and accept payments with respect to the general
election for such office in accordance with chapter 95, including the
requirement that the candidate and the candidate’s authorized committees will
not incur qualified campaign expenses in excess of the aggregate payments to
which they will be entitled under section
9004.
.
(c)Period of
availability of payments
(1)Section 9032(6) of such Code is amended by striking
the beginning of the calendar year
and inserting July 1
of the calendar year preceding the calendar year
.
(2)Section 9034(a) of such Code is amended by striking
the beginning of the calendar year
and inserting July 1
of the calendar year preceding the calendar year
.
3.Requiring
participation in primary payment system as condition of eligibility for general
election payments
(a)Section 9003(b) of the Internal Revenue Code of 1986
is amended—
(1)by
redesignating paragraphs (1) and (2) as paragraphs (2) and (3); and
(2)by inserting
before paragraph (2) (as so redesignated) the following new paragraph:
(1)the candidate
received payments under chapter 96 for the campaign for
nomination;
.
(b)Section 9003(c) of such Code is amended—
(1)by redesignating
paragraphs (1) and (2) as paragraphs (2) and (3); and
(2)by inserting
before paragraph (2) (as so redesignated) the following new paragraph:
(1)the candidate
received payments under chapter 96 for the campaign for
nomination;
.
4.Revisions to
expenditure limits
(a)Increase in
expenditure limits for participating candidates; elimination of State-specific
limits
(1)Section 315(b)(1) of the Federal Election Campaign Act of
1971 (2 U.S.C. 441a(b)(1)) is amended by striking may make expenditures
in excess of
and all that follows and
inserting
may make
expenditures—(A)with respect to a campaign for
nomination for election to such office—
(i)in excess of $100,000,000 before
April 1 of the calendar year in which the presidential election is held,
and
(ii)in excess of $150,000,000 before
the date described in section 9006(b) of the Internal Revenue Code of 1986;
and
(B)with respect to a campaign for
election to such office, in excess of
$100,000,000.
.
(2)Section 9004(a)(1) of the Internal Revenue Code of
1986 is amended by striking section 320(b)(1)(B) of the
Federal Election Campaign Act of
1971
and inserting section 315(b)(1)(B) of the
Federal Election Campaign Act of
1971
.
(b)Increase in
limit on coordinated party expendituresSection 315(d)(2) of the
Federal Election Campaign Act of 1971
(2 U.S.C. 441a(d)(2)) is amended to read as follows:
(2)(A)The national committee
of a political party may not make any expenditure in connection with the
general election campaign of any candidate for President of the United States
who is affiliated with such party which exceeds $25,000,000.
(B)Notwithstanding the limitation under
subparagraph (A), during the period beginning on April 1 of the year in which a
presidential election is held and ending on the date described in section
9006(b) of the Internal Revenue Code of 1986, the national committee of a
political party may make additional expenditures in connection with the general
election campaign of a candidate for President of the United States who is
affiliated with such party in an amount not to exceed $25,000,000.
(C)(i)Notwithstanding
subparagraph (B) or the limitation under subparagraph (A), if any
nonparticipating primary candidate (within the meaning of subsection (b)(3))
affiliated with the national committee of a political party receives
contributions or makes expenditures with respect to such candidate's campaign
in an aggregate amount greater than 120 percent of the expenditure limitation
in effect under subsection (b)(1)(A)(ii), then during the period described in
clause (ii), the national committee of any other political party may make
expenditures in connection with the general election campaign of a candidate
for President of the United States who is affiliated with such other party
without limitation.
(ii)The period described in this clause
is the period—
(I)beginning on the later of April 1 of
the year in which a presidential election is held or the date which such
nonparticipating primary candidate first receives contributions or makes
expenditures in the aggregate amount described in clause (i), and
(II)ending on the earlier of the date
such nonparticipating primary candidate ceases to be a candidate for nomination
to the office of President of the United States and is not a candidate for such
office or the date described in section 9006(b) of the Internal Revenue Code of
1986.
(iii)If the nonparticipating primary
candidate described in clause (i) ceases to be a candidate for nomination to
the office of President of the United States and is not a candidate for such
office, clause (i) shall not apply and the limitations under subparagraphs (A)
and (B) shall apply. It shall not be considered to be a violation of this Act
if the application of the preceding sentence results in the national committee
of a political party violating the limitations under subparagraphs (A) and (B)
solely by reason of expenditures made by such national committee during the
period which clause (i) applied.
(D)For purposes of this
paragraph—
(i)any expenditure made by or on behalf
of a national committee of a political party and in connection with a
presidential election shall be considered to be made in connection with the
general election campaign of a candidate for President of the United States who
is affiliated with such party, and
(ii)any communication made by or on
behalf of such party shall be considered to be made in connection with the
general election campaign of a candidate for President of the United States who
is affiliated with such party if any portion of the communication is in
connection with such election.
(E)Any expenditure under this paragraph
shall be in addition to any expenditure by a national committee of a political
party serving as the principal campaign committee of a candidate for the office
of President of the United
States.
.
(c)Conforming
amendments relating to timing of cost-of-living adjustment
(1)Section 315(c)(1) of such Act ( 2 U.S.C.. 441(c)(1)) is
amended—
(A)in subparagraph
(B), by striking (b), (d),
and inserting (d)(3)
;
and
(B)by inserting at the
end the following new subparagraph:
(D)In any calendar year after
2008—
(i)a limitation established by subsection
(b) or (d)(2) shall be increased by the percent difference determined under
subparagraph (A);
(ii)each amount so increased shall remain
in effect for the calendar year; and
(iii)if any amount after adjustment under
clause (i) is not a multiple of $100, such amount shall be rounded to the
nearest multiple of
$100.
.
(2)Section 315(c)(2)(B) of such Act (2 U.S.C. 441a(c)(2)(B)) is
amended—
(A)in clause (i), by
striking subsections (b) and (d)
and inserting subsection
(d)(3)
;
(B)in clause (i), by
striking and
at the end;
(C)in clause (ii), by
striking the period at the end and inserting ; and
; and
(D)by adding at the
end the following new clause:
(iii)for purposes of subsection (b)
and (d)(2), calendar year
2007.
.
(d)Repeal of
exclusion of fundraising costs from treatment as
expendituresSection 301(9)(B)(vi) of the
Federal Election Campaign Act of 1971
(2 U.S.C. 431(9)(B)(vi)) is amended by striking in excess of an amount
equal to 20 percent of the expenditure limitation applicable to such candidate
under section 315(b)
and inserting the following: who is seeking
nomination for election or election to the office of President or Vice
President of the United States
.
5.Additional
payments and increased expenditure limits for candidates participating in
public financing who face certain nonparticipating opponents
(a)Candidates in
primary elections
(1)
(A)Section 9034 of the Internal Revenue Code of 1986, as
amended by section 2, is amended by redesignating subsection (c) as subsection
(d) and by inserting after subsection (b) the following new subsection:
(c)Additional
payments for candidates facing nonparticipating opponents
(1)In addition to any payments provided under subsections
(a) and (b), each candidate described in paragraph (2) shall be entitled
to—
(A)a payment under
section 9037 in an amount equal to the amount of each contribution received by
such candidate on or after July 1 of the calendar year preceding the calendar
year of the presidential election with respect to which such candidate is
seeking nomination and before the qualifying date, disregarding any amount of
contributions from any person to the extent that the total of the amounts
contributed by such person exceeds $200, and
(B)payments under
section 9037 in an amount equal to the amount of each contribution received by
such candidate on or after the qualifying date, disregarding any amount of
contributions from any person to the extent that the total of the amounts
contributed by such person exceeds $200.
(2)Candidates to
whom this subsection appliesA candidate is described in this
paragraph if such candidate—
(A)is eligible to
receive payments under section 9033, and
(B)is opposed by a
nonparticipating primary candidate of the same political party who receives
contributions or makes expenditures with respect to the campaign—
(i)before April 1 of
the year in which the presidential election is held, in an aggregate amount
greater than 120 percent of the expenditure limitation under section
315(b)(1)(A)(i) of the Federal Election Campaign Act of 1971, or
(ii)before the date
described in section 9006(b), in an aggregate amount greater than 120 percent
of the expenditure limitation under section 315(b)(1)(A)(ii) of such
Act.
(3)Nonparticipating
primary candidateIn this subsection, the term
nonparticipating primary candidate means a candidate for
nomination for election for the office of President who is not eligible under
section 9033 to receive payments from the Secretary under this chapter.
(4)In this subsection, the term qualifying date
means the first date on which the contributions received or expenditures made
by the nonparticipating primary candidate described in paragraph (2)(B) exceed
the amount described under either clause (i) or clause (ii) of such
paragraph.
.
(B)Section 9034(b)(2) of such Code, as amended by section
2, is amended by striking subsection (a)
and inserting
subsections (a) and (c)
.
(2)Increase in
expenditure limitSection 315(b) of the Federal Election Campaign
Act of 1971 (2 U.S.C. 441a(b)) is amended by adding at the end the following
new paragraph:
(3)(A)In the case of an
eligible candidate, each of the limitations under clause (i) and (ii) of
paragraph (1)(A) shall be increased—
(i)by $50,000,000, if any
nonparticipating primary candidate of the same political party as such
candidate receives contributions or makes expenditures with respect to the
campaign in an aggregate amount greater than 120 percent of the expenditure
limitation applicable to eligible candidates under clause (i) or (ii) of
paragraph (1)(A) (before the application of this clause), and
(ii)by $100,000,000, if such
nonparticipating primary candidate receives contributions or makes expenditures
with respect to the campaign in an aggregate amount greater than 120 percent of
the expenditure limitation applicable to eligible candidates under clause (i)
or (ii) of paragraph (1)(A) after the application of clause (i).
(B)Each dollar amount under subparagraph
(A) shall be considered a limitation under this subsection for purposes of
subsection (c).
(C)In this paragraph, the term
eligible candidate means, with respect to any period, a
candidate—
(i)who is eligible to receive payments
under section 9033 of the Internal Revenue Code of 1986;
(ii)who is opposed by a nonparticipating
primary candidate; and
(iii)with respect to whom the Commission
has given notice under section 304(i)(1)(B)(i).
(D)In this paragraph, the term
nonparticipating primary candidate means, with respect to any
eligible candidate, a candidate for nomination for election for the office of
President who is not eligible under section 9033 of the Internal Revenue Code
of 1986 to receive payments from the Secretary of the Treasury under chapter 96
of such
Code.
.
(b)Candidates in
general elections
(1)
(A)Section 9004(a)(1) of the Internal Revenue Code of 1986
is amended—
(i)by
striking (1) The eligible candidates
and inserting (1)(A)
Except as provided in subparagraph (B), the eligible candidates
;
and
(ii)by
adding at the end the following new subparagraph:
(B)In addition to the payments described
in subparagraph (A), each eligible candidate of a major party in a presidential
election with an opponent in the election who is not eligible to receive
payments under section 9006 and who receives contributions or makes
expenditures with respect to the primary and general elections in an aggregate
amount greater than 120 percent of the combined expenditure limitations
applicable to eligible candidates under section 315(b)(1) of the
Federal Election Campaign Act of 1971
shall be entitled to an equal payment under section 9006 in an amount equal to
100 percent of the expenditure limitation applicable under such section with
respect to a campaign for election to the office of
President.
.
(B)Special rule for
minor party candidatesSection 9004(a)(2)(A) of such Code is
amended—
(i)by
striking (A) The eligible candidates
and inserting (A)(i)
Except as provided in clause (ii), the eligible candidates
; and
(ii)by
adding at the end the following new clause:
(ii)In addition to the payments described
in clause (i), each eligible candidate of a minor party in a presidential
election with an opponent in the election who is not eligible to receive
payments under section 9006 and who receives contributions or makes
expenditures with respect to the primary and general elections in an aggregate
amount greater than 120 percent of the combined expenditure limitations
applicable to eligible candidates under section 315(b)(1) of the
Federal Election Campaign Act of 1971
shall be entitled to an equal payment under section 9006 in an amount equal to
100 percent of the payment to which such candidate is entitled under clause
(i).
.
(2)Exclusion of
additional payment from determination of expenditure
limitsSection 315(b) of the Federal Election Campaign Act of 1971 (2 U.S.C.
441a(b)), as amended by subsection (a), is amended by adding at the end the
following new paragraph:
(4)In the case of a candidate who is
eligible to receive payments under section 9004(a)(1)(B) or 9004(a)(2)(A)(ii)
of the Internal Revenue Code of 1986, the limitation under paragraph (1)(B)
shall be increased by the amount of such payments received by the
candidate.
.
(c)Process for
determination of eligibility for additional payment and increased expenditure
limitsSection 304 of the Federal Election Campaign Act of 1971
(2 U.S.C. 434) is amended by adding at the end the following new
subsection
(i)Reporting and
certification for additional public financing payments for candidates
(1)
(A)Notification of
expenditures by ineligible candidates
(i)Expenditures in
excess of 120 percent of
limitIf a candidate for a nomination for election for the office
of President who is not eligible to receive payments under section 9033 of the
Internal Revenue Code of 1986 receives contributions or makes expenditures with
respect to the primary election in an aggregate amount greater than 120 percent
of the expenditure limitation applicable to eligible candidates under clause
(i) or (ii) of section 315(b)(1)(A), the candidate shall notify the Commission
in writing that the candidate has made aggregate expenditures in such an amount
not later than 24 hours after first receiving aggregate contributions or making
aggregate expenditures in such an amount.
(ii)Expenditures in
excess of 120 percent of increased
limitIf a candidate for a nomination for election for the office
of President who is not eligible to receive payments under section 9033 of the
Internal Revenue Code of 1986 receives contributions or makes expenditures with
respect to the primary election in an aggregate amount greater than 120 percent
of the expenditure limitation applicable to eligible candidates under section
315(b) after the application of paragraph (3)(A)(i) thereof, the candidate
shall notify the Commission in writing that the candidate has made aggregate
expenditures in such an amount not later than 24 hours after first receiving
aggregate contributions or making aggregate expenditures in such an
amount.
(B)Not
later than 24 hours after receiving any written notice under subparagraph (A)
from a candidate, the Commission shall—
(i)certify to the
Secretary of the Treasury that opponents of the candidate are eligible for
additional payments under section 9034(c) of the Internal Revenue Code of
1986;
(ii)notify each
opponent of the candidate who is eligible to receive payments under section
9033 of the Internal Revenue Code of 1986 of the amount of the increased
limitation on expenditures which applies pursuant to section 315(b)(3);
and
(iii)in the case of a
notice under subparagraph (A)(i), notify the national committee of each
political party (other than the political party with which the candidate is
affiliated) of the inapplicability of expenditure limits under section
315(d)(2) pursuant to subparagraph (C) thereof.
(2)General election
candidates
(A)Notification of
expenditures by ineligible candidatesIf a candidate in a
presidential election who is not eligible to receive payments under section
9006 of the Internal Revenue Code of 1986 receives contributions or makes
expenditures with respect to the primary and general elections in an aggregate
amount greater than 120 percent of the combined expenditure limitations
applicable to eligible candidates under section 315(b)(1), the candidate shall
notify the Commission in writing that the candidate has made aggregate
expenditures in such an amount not later than 24 hours after first receiving
aggregate contributions or making aggregate expenditures in such an
amount.
(B)Not
later than 24 hours after receiving a written notice under subparagraph (A),
the Commission shall certify to the Secretary of the Treasury for payment to
any eligible candidate who is entitled to an additional payment under paragraph
(1)(B) or (2)(A)(ii) of section 9004(a) of the Internal Revenue Code of 1986
that the candidate is entitled to payment in full of the additional payment
under such
section.
.
6.Establishment of
uniform date for release of payments from Presidential Election Campaign Fund
to eligible candidates
(a)The first sentence of section 9006(b) of the Internal
Revenue Code of 1986 is amended to read as follows: “If the Secretary of the
Treasury receives a certification from the Commission under section 9005 for
payment to the eligible candidates of a political party, the Secretary shall,
on the last Friday occurring before the first Monday in September, pay to such
candidates of the fund the amount certified by the Commission.”.
(b)The first sentence of section 9006(c) of such Code is
amended by striking the time of a certification by the Comptroller
General under section 9005 for payment
and inserting the time of
making a payment under subsection (b)
.
7.Revisions to
designation of income tax payments by individual taxpayers
(a)Increase in
amount designatedSection 6096(a) of the Internal Revenue Code of
1986 is amended—
(1)in the first
sentence, by striking $3
each place it appears and inserting
$10
; and
(2)in the second
sentence—
(A)by striking
$6
and inserting $20
, and
(B)by striking
$3
and inserting $10
.
(b)Section
6096 of such Code is amended by adding at the end the following new
subsection:
(d)Indexing of
amount designated
(1)With respect to each taxable year after 2006, each amount
referred to in subsection (a) shall be increased by the percent difference
described in paragraph (2), except that if any such amount after such an
increase is not a multiple of $1, such amount shall be rounded to the nearest
multiple of $1.
(2)Percent
difference describedThe percent difference described in this
paragraph with respect to a taxable year is the percent difference determined
under section 315(c)(1)(A) of the Federal
Election Campaign Act of 1971 with respect to the calendar year
during which the taxable year begins, except that the base year involved shall
be
2006.
.
(c)Ensuring tax
preparation software does not provide automatic response to designation
questionSection 6096 of such Code, as amended by subsection (b),
is amended by adding at the end the following new subsection:
(e)Ensuring tax
preparation software does not provide automatic response to designation
questionThe Secretary shall promulgate regulations to ensure
that electronic software used in the preparation or filing of individual income
tax returns does not automatically accept or decline a designation of a payment
under this
section.
.
(d)Public
information program on designationSection 6096 of such Code, as
amended by subsections (b) and (c), is amended by adding at the end the
following new subsection:
(f)Public
information program
(1)The Federal Election Commission shall conduct a program
to inform and educate the public regarding the purposes of the Presidential
Election Campaign Fund, the procedures for the designation of payments under
this section, and the effect of such a designation on the income tax liability
of taxpayers.
(2)Amounts in the Presidential Election Campaign Fund shall
be made available to the Federal Election Commission to carry out the program
under this subsection, except that the amount made available for this purpose
may not exceed $10,000,000 with respect to any Presidential election cycle. In
this paragraph, a Presidential election cycle
is the 4-year
period beginning with January of the year following a Presidential
election.
.
(e)The amendments made by this section shall take effect on the
date of the enactment of this Act.
8.Amounts in
Presidential Election Campaign Fund
(a)Determination of
amounts in fundSection
9006(c) of the Internal Revenue Code of 1986 is amended by adding at the end
the following new sentence: In making a determination of whether there
are insufficient moneys in the fund for purposes of the previous sentence, the
Secretary shall take into account in determining the balance of the fund for a
Presidential election year the Secretary’s best estimate of the amount of
moneys which will be deposited into the fund during the year, except that the
amount of the estimate may not exceed the average of the annual amounts
deposited in the fund during the previous 3 years.
.
(b)Special rule for
first campaign cycle under this Act
(1)Section 9006 of the Internal Revenue Code of 1986 is
amended by adding at the end the following new subsection:
(d)Special
authority to borrow
(1)Notwithstanding subsection (c), there are authorized to
be appropriated to the fund, as repayable advances, such sums as are necessary
to carry out the purposes of the fund during the period ending on the first
presidential election occurring after the date of the enactment of this
subsection.
(2)
(A)Advances made to the fund shall be repaid, and interest
on such advances shall be paid, to the general fund of the Treasury when the
Secretary determines that moneys are available for such purposes in the
fund.
(B)Interest on advances made to the fund shall be at a rate
determined by the Secretary of the Treasury (as of the close of the calendar
month preceding the month in which the advance is made) to be equal to the
current average market yield on outstanding marketable obligations of the
United States with remaining periods to maturity comparable to the anticipated
period during which the advance will be outstanding and shall be compounded
annually.
.
(2)The amendment made by this subsection shall take effect on
the date of the enactment of this Act.
9.Repeal of priority
in use of funds for political conventions
(a)Section 9008(a) of the Internal Revenue Code of 1986 is
amended by striking the period at the end of the second sentence and all that
follows and inserting the following: , except that the amount deposited
may not exceed the amount available after the Secretary determines that amounts
for payments under section 9006 and section 9037 are available for such
payments.
.
(b)The second sentence of section 9037(a) of such Code is
amended by striking section 9006(e) and for payments under section
9008(b)(3)
and inserting section 9006
.
10.Regulation of
convention financing
(a)Section 323 of the Federal Election Campaign Act of 1971
(2 U.S.C. 441i) is amended by adding at the end the following new
subsection:
(g)
(1)Any person described in subsection (a) or (e) shall not
solicit, receive, direct, transfer, or spend any funds in connection with a
presidential nominating convention of any political party, including funds for
a host committee, civic committee, municipality, or any other person or entity
spending funds in connection with such a convention, unless such funds—
(A)are not in excess
of the amounts permitted with respect to contributions to the political
committee established and maintained by a national political party committee
under section 315; and
(B)are not from a
sources prohibited by this Act from making contributions in connection with an
election for Federal office.
(2)Paragraph
(1) shall not apply to—
(A)payments by a
Federal, State, or local government if the funds used for the payments are from
the general public tax revenues of such government and are not derived from
donations made to a State or local government for purposes of any convention;
and
(B)payments by any
person for the purpose of promoting the suitability of a city as a convention
site in advance of its selection, welcoming convention attendees to the city,
or providing shopping or entertainment guides to convention
attendees.
.
(b)Subsection (d) of section 9008 of the Internal Revenue
Code of 1986 is amended to read as follows:
(d)Expenditures for
Conventions
(1)The Commission shall not certify any major party or minor
party under subsection (g) unless such party agrees that—
(A)expenses incurred
with respect to a presidential nominating convention will only be paid with
payments received under subsection (a) or with funds that are subject to the
limitations, prohibitions, and reporting requirements of the Federal Election
Campaign Act of 1971, and
(B)the committee will
not accept or use any goods or services related to or in connection with any
presidential nominating convention that are paid for or provided by any other
person.
(2)Paragraph
(1) shall not apply to—
(A)payments by a
Federal, State, or local government if the funds used for the payments are from
the general public tax revenues of such government and are not derived from
donations made to a State or local government for purposes of any convention,
and
(B)payments by any
person for the purpose of promoting the suitability of a city as a convention
site in advance of its selection, welcoming convention attendees to the city,
or providing shopping or entertainment guides to convention
attendees.
.
11.Disclosure of
bundled contributions
(a)Section 304(b) of the
Federal Election Campaign Act of 1971 (2 U.S.C. 434(b)) is amended—
(1)by striking and
at the end
of paragraph (7);
(2)by striking the period at the end of
paragraph (8) and inserting ; and
; and
(3)by adding at the end the following new
paragraph:
(9)in the case of an
authorized committee of a candidate for President, the name, address,
occupation, and employer of each person who makes a bundled contribution, and
the aggregate amount of the bundled contributions made by such person during
the reporting
period.
.
(b)Section 301 of the Federal Election Campaign Act of
1971 (2 U.S.C. 431) is amended by adding at the end the following new
paragraph:
(27)The term bundled contribution means a
series of contributions that are, in the aggregate, $10,000 or more and—
(A)are transferred to
the candidate or the authorized committee of the candidate by one person;
or
(B)include a written
or oral notification that the contribution was solicited, arranged, or directed
by a person other than the
donor.
.
12.Except as otherwise
provided in this Act, the amendments made by this Act shall apply with respect
to elections occurring after January 1, 2006.