[Congressional Record Volume 147, Number 40 (Friday, March 23, 2001)]
[Senate]
[Page S2831]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           TEXT OF AMENDMENTS

  SA 144. Mr. FITZGERALD proposed an amendment to the bill S. 27, to 
amend the Federal Election Campaign Act of 1971 to provide bipartisan 
campaign reform; as follows:

       On page 37, between lines 14 and 15, insert:

     SEC. ____. CONTRIBUTION LIMITS APPLIED ON ELECTION CYCLE 
                   BASIS.

       (a) Individual Limits.--Section 315(a)(1)(A) of the Federal 
     Election Campaign Act of 1971 (2 U.S.C. 441a(a)(1)(A)) is 
     amended to read as follows:
       ``(A) to any candidate and the candidate's authorized 
     political committee during the election cycle with respect to 
     any Federal office which, in the aggregate, exceeds 
     $2,000;''.
       (b) Multicandidate Political Committees.--Section 
     315(a)(2)(A) of such Act (2 U.S.C. 441a(a)(2)(A)) is amended 
     to read as follows:
       ``(A) to any candidate and the candidate's authorized 
     political committees during the election cycle with respect 
     to any Federal office which, in the aggregate, exceed 
     $10,000;''.
       (c) Election Cycle Defined.--Section 301 of such Act (2 
     U.S.C. 431), as amended by section 101, is amended by adding 
     at the end the following:
       ``(25) Election cycle.--The term `election cycle' means, 
     with respect to a candidate, the period beginning on the day 
     after the date of the previous general election for the 
     specific office or seat that the candidate is seeking and 
     ending on the date of the general election for that office or 
     seat.''
       (d) Special Rules.--Section 315(a) of such Act (2 U.S.C. 
     441a(a)) is amended by adding at the end the following:
       ``(9) For purposes of this subsection--
       ``(A) if there are more than 2 elections in an election 
     cycle for a specific Federal office, the limitations under 
     paragraphs (1)(A) and (2)(A) shall be increased by $1,000 and 
     $5,000, respectively, for the number of elections in excess 
     of 2; and
       ``(B) if a candidate for President or Vice President is 
     prohibited from receiving contribution with respect to the 
     general election by reason of receiving funds under the 
     Internal Revenue Code of 1986, the limitations under 
     paragraphs (1)(A) and (2)(A) shall be decreased by $1,000 and 
     $5,000.''
       (e) Conforming Amendments.--
       (1) The second sentence of 315(a)(3) of such Act (2 U.S.C. 
     441a(a)(3)) is amended to read as follows: ``For purposes of 
     this paragraph, if any contribution is made to a candidate 
     for Federal office during a calendar year in the election 
     cycle for the office and no election is held during that 
     calendar year, the contribution shall be treated as made in 
     the first succeeding calendar year in the cycle in which an 
     election for the office is held.''
       (2) Paragraph (6) of section 315(a) of such Act (2 U.S.C. 
     441a(a)(6)) is amended to read as follows:
       ``(6) For purposes of paragraph (9), all elections held in 
     any calendar year for the office of President of the United 
     States (except a general election for such office) shall be 
     considered to be one election.''
       (f) Effective Date.--The amendments made by this section 
     shall apply to contributions made after the date of enactment 
     of this Act.

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