II 110th CONGRESS 2d Session S. 3471 IN THE SENATE OF THE UNITED STATES September 11, 2008 Mr. DeMint (for himself, Mrs. Dole, and Mr. Thune) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To prohibit government-sponsored enterprises from making lobbying expenditures, political contributions, or other certain contributions.

1.

Prohibition on lobbying, political contributions, and contributions to nonprofit public policy organizations

(a)

Prohibition on lobbying expenditures and certain contributions

An enterprise may not make— (1)lobbying expenditures; (2)political contributions; or (3)contributions to any organization described under section 501(c) of the Internal Revenue Code of 1986. (b)

Definition

In this section— (1)the term enterprise shall have the same meaning given such term in section 1303 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4502); (2)the term lobbying expenditures shall have the same meaning given such term in section 4911(c)(1) of the Internal Revenue Code of 1986; and (3)the term political contributions means any contribution on behalf of a political candidate or to a separate segregated fund described in section 316(b)(2)(C) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441b(b)(2)(C)). (c)

Penalties

Violations of this section shall constitute violations of section 1352(a) of title 31, United States Code.