[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2415 Introduced in Senate (IS)]

113th CONGRESS
  2d Session
                                S. 2415

    To amend the Federal Election Campaign Act of 1971 to eliminate 
     limitations on direct contributions to candidates, to require 
disclosure of certain contributions within 24 hours of receipt, and for 
                            other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              June 3, 2014

   Mr. Cruz introduced the following bill; which was read twice and 
         referred to the Committee on Rules and Administration

_______________________________________________________________________

                                 A BILL


 
    To amend the Federal Election Campaign Act of 1971 to eliminate 
     limitations on direct contributions to candidates, to require 
disclosure of certain contributions within 24 hours of receipt, 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.

    This Act may be cited as the ``SuperPAC Elimination Act of 2014''.

SEC. 2. ELIMINATION OF LIMITATIONS ON DIRECT CONTRIBUTIONS TO 
              CANDIDATES.

    (a) Purpose.--The purpose of this section is to allow unlimited 
direct contributions by citizens and lawful permanent residents of the 
United States to candidates in Federal elections.
    (b) Elimination of Limitation.--Section 315(a) of the Federal 
Election Campaign Act of 1971 (2 U.S.C. 441a(a)) is amended--
            (1) in paragraph (1)--
                    (A) by striking subparagraph (A) and redesignating 
                subparagraphs (B), (C), and (D) as subparagraphs (A), 
                (B), and (C), respectively; and
                    (B) in subparagraph (B), as redesignated by 
                subparagraph (A), by striking ``(other than a committee 
                described in subparagraph (D))'' and inserting ``(other 
                than an authorized political committee of a candidate 
                or a committee described in subparagraph (C))'';
            (2) in paragraph (2)--
                    (A) by striking subparagraph (A) and redesignating 
                subparagraphs (B) and (C) as subparagraphs (A) and (B), 
                respectively; and
                    (B) in subparagraph (B), as redesignated by 
                subparagraph (A), by inserting ``((other than an 
                authorized political committee of a candidate)'' after 
                ``political committee''; and
            (3) by striking paragraph (3).
    (c) Conforming Amendments.--
            (1) Section 315(a) of such Act (2 U.S.C. 441a(a)) is 
        amended by striking paragraph (6).
            (2)(A) Section 315(c) of such Act (2 U.S.C. 441a(c)) is 
        amended--
                    (i) by striking ``(a)(1)(B), (a)(3),'' in paragraph 
                (1)(B)(i);
                    (ii) by striking ``, (a)(1)(B), (a)(3),'' in 
                subparagraph (1)(C); and
                    (iii) by striking ``, (a)(1)(B), (a)(3),'' in 
                paragraph (2)(B)(ii).
            (B) Section 304(i)(3)(B) of such Act (2 U.S.C. 
        434(i)(3)(B)) is amended by striking ``, (a)(1)(B), (a)(3),''.
            (3) Section 323(e)(1)(B)(i) of such Act (2 U.S.C. 
        441i(e)(1)(B)(i)) is amended by striking ``contributions to 
        candidates and political committees under paragraphs (1), (2), 
        and (3)'' and inserting ``contributions to political committees 
        under paragraphs (1) and (2)''.

SEC. 3. 24-HOUR NOTIFICATION REQUIRED FOR ALL DIRECT CONTRIBUTIONS TO 
              CANDIDATES.

    Section 304(a)(6)(A) of the Federal Election Campaign Act of 1971 
(2 U.S.C. 434(a)(6)(A)) is amended to read as follows:
                    ``(A)(i) In general.--If a candidate receives an 
                aggregate amount of contributions in excess of $200 
                from any contributor during a calendar year, the 
                principal campaign committee of such candidate shall 
                submit to the Secretary or the Commission, and the 
                Secretary of State, as appropriate, in writing, a 
                notification containing the name of the candidate and 
                office sought by the candidate, the identification of 
                the contributor, and the date of the receipt and amount 
                of the contribution.
                    ``(ii) If, at any time after a candidate is 
                required to submit a notification under this 
                subparagraph with respect to a contributor during a 
                calendar year, the candidate receives additional 
                contributions from that contributor during that year, 
                the principal campaign committee of the candidate shall 
                submit an additional notification under clause (i) with 
                respect to such contributor.
                    ``(iii) The principal campaign committee of the 
                candidate shall submit the notification required under 
                this subparagraph with respect to a contributor--
                            ``(I) in the case of a notification 
                        described in clause (i), not later than 24 
                        hours after the date on which the aggregate 
                        amount of contributions received from the 
                        contributor during the calendar year exceeds 
                        $200; or
                            ``(II) in the case of an additional 
                        notification described in clause (ii), not 
                        later than 24 hours after the date of the 
                        contribution.''.

SEC. 4. EFFECTIVE DATE.

    The amendments made by this Act shall apply to contributions made 
for elections occurring after the date of the enactment of this Act.
                                 <all>