1.Reporting of bundled
contributions by persons other than registered lobbyists
(a)Subsection (i) of
section 304 of the Federal Election Campaign Act of 1971 (2 U.S.C. 434(i)), as
added by the Honest Leadership and Open Government Act of 2007, is
amended—
(1)in paragraph (1),
by striking reasonably known by the committee to be a person described
in paragraph (7)
;
(2)in paragraph (2),
by striking means, with respect to a committee
and all that
follows through threshold.
and inserting the
following:
means—(A)with respect to a
committee which is an authorized committee of a candidate for the office of
President or for nomination to such office—
(i)the 2-year period
preceding the date of the election for the office of the President; and
(ii)any reporting
period applicable to the committee under this section during which any person
provided 2 or more bundled contributions to the committee in an aggregate
amount greater than the applicable threshold; and
(B)with respect to
any other committee—
(i)the period
beginning January 1 and ending June 30 of each year;
(ii)the period
beginning July 1 and ending December 31 of each year; and
(iii)any reporting
period applicable to the committee under this section during which any person
provided 2 or more bundled contributions to the committee in an aggregate
amount greater than the applicable
threshold.
;
(3)in paragraph
(3)—
(A)by striking
subparagraph (A) and inserting the following:
(A)In this subsection, the applicable threshold
is—
(i)$50,000 in the
case of a committee which is an authorized committee of a candidate for the
office of President or for nomination to such office; and
(ii)$15,000 in the
case of any other committee.
In
determining whether the amount of bundled contributions provided to a committee
by a person exceeds the applicable threshold, there shall be excluded any
contribution made to the committee by the person or the person's
spouse.;
and
(B)in subparagraph
(B), by striking the amount
each place it appears and inserting
each amount
;
(4)in paragraph (5),
by striking described in paragraph (7)
each place it appears in
subparagraphs (C) and (D);
(5)by striking
paragraph (7) and inserting the following:
(7)Separate
reporting for certain personsEach committee required to include
a schedule under paragraph (1) shall also include a separate schedule setting
forth the name, address, and employer of each person listed on the schedule
required under paragraph (1) who, at the time a contribution is forwarded to a
committee as described in paragraph (8)(A)(i) or is received by a committee as
described in paragraph (8)(A)(ii), is—
(A)a current
registrant under section 4(a) of the Lobbying Disclosure Act of 1995;
(B)an individual who
is listed on a current registration filed under section 4(b)(6) of such Act or
a current report under section 5(b)(2)(C) of such Act; or
(C)a political
committee established or controlled by such a registrant or individual.
The
schedule required under the preceding sentence shall also include the aggregate
amount of bundled contributions provided by each such person during the covered
period.;
and
(6)in paragraph
(8)(A)—
(A)by striking
and a person described in paragraph (7)
; and
(B)by adding at the
end the following flush sentence:
The
term bundled contribution shall not include any contribution
forwarded by or credited to (through records, designations, or other means of
recognizing a certain amount of money has been raised) a person who is a
regularly paid employee of the
committee..
(b)The amendments made by this section shall take effect as if
included in section 204 of the Honest Leadership and Open Government Act of
2007.