[Congressional Record Volume 147, Number 49 (Thursday, April 5, 2001)]
[Senate]
[Pages S3625-S3633]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 BIPARTISAN CAMPAIGN REFORM ACT OF 2001

  On April 2, 2001, the Senate amended and passed S. 27, as follows:

                                 S. 27

       Be it enacted by the Senate and House of Representatives of 
     the United States of America in Congress assembled,

     SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

       (a) Short Title.--This Act may be cited as the ``Bipartisan 
     Campaign Reform Act of 2001''.
       (b) Table of Contents.--The table of contents of this Act 
     is as follows:

Sec. 1. Short title; table of contents.

            TITLE I--REDUCTION OF SPECIAL INTEREST INFLUENCE

Sec. 101. Soft money of political parties.
Sec. 102. Increased contribution limits for State committees of 
              political parties and aggregate contribution limit for 
              individuals.
Sec. 103. Reporting requirements.

              TITLE II--NONCANDIDATE CAMPAIGN EXPENDITURES

               Subtitle A--Electioneering Communications

Sec. 201. Disclosure of electioneering communications.
Sec. 202. Coordinated communications as contributions.
Sec. 203. Prohibition of corporate and labor disbursements for 
              electioneering communications.
Sec. 204. Rules relating to certain targeted electioneering 
              communications.

          Subtitle B--Independent and Coordinated Expenditures

Sec. 211. Definition of independent expenditure.
Sec. 212. Reporting requirements for certain independent expenditures.
Sec. 213. Independent versus coordinated expenditures by party.
Sec. 214. Coordination with candidates or political parties.

                        TITLE III--MISCELLANEOUS

Sec. 301. Use of contributed amounts for certain purposes.
Sec. 302. Prohibition of fundraising on Federal property.
Sec. 303. Strengthening foreign money ban.
Sec. 304. Modification of individual contribution limits in response to 
              expenditures from personal funds.
Sec. 305. Television media rates.
Sec. 306. Limitation on availability of lowest unit charge for Federal 
              candidates attacking opposition.
Sec. 307. Software for filing reports and prompt disclosure of 
              contributions.
Sec. 308. Modification of contribution limits.
Sec. 309. Television media rates for national parties conditioned on 
              adherence to existing coordinated spending limits.
Sec. 310. Donations to Presidential Inaugural Committee.
Sec. 311. Prohibition on fraudulent solicitation of funds.
Sec. 312. Study and report on clean money clean elections laws.
Sec. 313. Clarity standards for identification of sponsors of election-
              related advertising.
Sec. 314. Increase in penalties.
Sec. 315. Statute of limitations.
Sec. 316. Sentencing guidelines.
Sec. 317. Increase in penalties imposed for violations of conduit 
              contribution ban.
Sec. 318. Restriction on increased contribution limits by taking into 
              account candidate's available funds.

                 TITLE IV--SEVERABILITY; EFFECTIVE DATE

Sec. 401. Severability.
Sec. 402. Effective date.
Sec. 403. Expedited review.

               TITLE V--ADDITIONAL DISCLOSURE PROVISIONS

Sec. 501. Internet access to records.
Sec. 502. Maintenance of website of election reports.
Sec. 503. Additional monthly and quarterly disclosure reports.
Sec. 504. Public access to broadcasting records.

            TITLE I--REDUCTION OF SPECIAL INTEREST INFLUENCE

     SEC. 101. SOFT MONEY OF POLITICAL PARTIES.

       (a) In General.--Title III of the Federal Election Campaign 
     Act of 1971 (2 U.S.C. 431 et seq.) is amended by adding at 
     the end the following:

     ``SEC. 323. SOFT MONEY OF POLITICAL PARTIES.

       ``(a) National Committees.--
       ``(1) In general.--A national committee of a political 
     party (including a national congressional campaign committee 
     of a political party) may not solicit, receive, or direct to 
     another person a contribution, donation, or transfer of funds 
     or any other thing of value, or spend any funds, that are not 
     subject to the limitations, prohibitions, and reporting 
     requirements of this Act.
       ``(2) Applicability.--The prohibition established by 
     paragraph (1) applies to any such national committee, any 
     officer or agent of such a national committee, and any entity 
     that is directly or indirectly established, financed, 
     maintained, or controlled by such a national committee.
       ``(b) State, District, and Local Committees.--
       ``(1) In general.--(A) Except as provided in paragraph (2), 
     an amount that is expended or disbursed for Federal election 
     activity by a State, district, or local committee of a 
     political party (including an entity that is directly or 
     indirectly established, financed, maintained, or controlled 
     by a State, district, or local committee of a political party 
     and an officer or agent acting on behalf of such committee or 
     entity), or by an entity directly or indirectly established, 
     financed, maintained, or controlled by or acting on behalf of 
     1 or more candidates for State or local office, or 
     individuals holding State or local office, shall be made from 
     funds subject to the limitations, prohibitions, and reporting 
     requirements of this Act.
       ``(B) Nothing in this subsection shall prevent the 
     authorized campaign committee of a candidate for State or 
     local office from raising and spending funds permitted under 
     applicable State law other than for a Federal election 
     activity that refers to a clearly identified candidate for 
     election to Federal office.
       ``(2) Applicability.--
       ``(A) In general.--Notwithstanding clause (i) or (ii) of 
     section 301(20)(A), and subject to subparagraph (B), 
     paragraph (1) shall not apply to any amount expended or 
     disbursed by a State, district, or local committee of a 
     political party for an activity described in either such 
     clause to the extent the expenditures or disbursements for 
     such activity are allocated under regulations prescribed by 
     the

[[Page S3626]]

     Commission as expenditures or disbursements that may be paid 
     from funds not subject to the limitations, prohibitions, and 
     reporting requirements of this Act.
       ``(B) Conditions.--Subparagraph (A) shall only apply if--
       ``(i) the activity does not refer to a clearly identified 
     candidate for Federal office; and
       ``(ii) the expenditures or disbursements described in 
     subparagraph (A) are paid directly or indirectly from amounts 
     donated in accordance with State law, except that no person 
     (and any person established, financed, maintained, or 
     controlled by such person) may donate more than $10,000 to a 
     State, district or local committee of a political party in a 
     calendar year to be used for the expenditures or 
     disbursements described in subparagraph (A).
       ``(c) Fundraising Costs.--An amount spent by a person 
     described in subsection (a) or (b) to raise funds that are 
     used, in whole or in part, to pay the costs of a Federal 
     election activity shall be made from funds subject to the 
     limitations, prohibitions, and reporting requirements of this 
     Act.
       ``(d) Tax-Exempt Organizations.--A national, State, 
     district, or local committee of a political party (including 
     a national congressional campaign committee of a political 
     party), an entity that is directly or indirectly established, 
     financed, maintained, or controlled by any such national, 
     State, district, or local committee or its agent, and an 
     officer or agent acting on behalf of any such party committee 
     or entity, shall not solicit any funds for, or make or direct 
     any donations to--
       ``(1) an organization that is described in section 501(c) 
     of the Internal Revenue Code of 1986 and exempt from taxation 
     under section 501(a) of such Code (or has submitted an 
     application for determination of tax exempt status under such 
     section); or
       ``(2) an organization described in section 527 of such Code 
     (other than a political committee).
       ``(e) Candidates.--
       ``(1) In general.--A candidate, individual holding Federal 
     office, agent of a candidate or an individual holding Federal 
     office, or an entity directly or indirectly established, 
     financed, maintained or controlled by or acting on behalf of 
     1 or more candidates or individuals holding Federal office, 
     shall not--
       ``(A) solicit, receive, direct, transfer, or spend funds in 
     connection with an election for Federal office, including 
     funds for any Federal election activity, unless the funds are 
     subject to the limitations, prohibitions, and reporting 
     requirements of this Act; or
       ``(B) solicit, receive, direct, transfer, or spend funds in 
     connection with any election other than an election for 
     Federal office or disburse funds in connection with such an 
     election unless the funds--
       ``(i) are not in excess of the amounts permitted with 
     respect to contributions to candidates and political 
     committees under paragraphs (1) and (2) of section 315(a); 
     and
       ``(ii) are not from sources prohibited by this Act from 
     making contributions in connection with an election for 
     Federal office.
       ``(2) State law.--Paragraph (1) does not apply to the 
     solicitation, receipt, or spending of funds by an individual 
     who is a candidate for a State or local office in connection 
     with such election for State or local office if the 
     solicitation, receipt, or spending of funds is permitted 
     under State law for any activity other than for a Federal 
     election activity that refers to a clearly identified 
     candidate for election to Federal office.
       ``(3) Fundraising events.--Notwithstanding paragraph (1), a 
     candidate or an individual holding Federal office may attend, 
     speak, or be a featured guest at a fundraising event for a 
     State, district, or local committee of a political party.''.
       (b) Definitions.--Section 301 of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 431) is amended by adding at 
     the end thereof the following:
       ``(20) Federal election activity.--
       ``(A) In general.--The term `Federal election activity' 
     means--
       ``(i) voter registration activity during the period that 
     begins on the date that is 120 days before the date a 
     regularly scheduled Federal election is held and ends on the 
     date of the election;
       ``(ii) voter identification, get-out-the-vote activity, or 
     generic campaign activity conducted in connection with an 
     election in which a candidate for Federal office appears on 
     the ballot (regardless of whether a candidate for State or 
     local office also appears on the ballot);
       ``(iii) a public communication that refers to a clearly 
     identified candidate for Federal office (regardless of 
     whether a candidate for State or local office is also 
     mentioned or identified) and that promotes or supports a 
     candidate for that office, or attacks or opposes a candidate 
     for that office (regardless of whether the communication 
     expressly advocates a vote for or against a candidate); or
       ``(iv) services provided during any month by an employee of 
     a State, district, or local committee of a political party 
     who spends more than 25 percent of that individual's 
     compensated time during that month on activities in 
     connection with a Federal election.
       ``(B) Alternate definition if subparagraph (A)(iii) held 
     unconstitutional.--If clause (iii) of subparagraph (A) is 
     held to be unconstitutional in a final decision by a court of 
     competent jurisdiction, then in lieu of the provisions of 
     that clause, subparagraph (A) shall be applied as if it 
     contained a clause (iii) that read `a broadcast, cable, or 
     satellite communication that--
       `` `(i) promotes or supports a candidate for Federal 
     office, or attacks or opposes a candidate for Federal office, 
     without regard to whether the communication advocates a vote 
     for or against a candidate; and
       `` `(ii) is suggestive of no plausible meaning other than 
     an exhortation to vote for or against a specific candidate.'.
       ``(C) Excluded activity.--The term `Federal election 
     activity' does not include an amount expended or disbursed by 
     a State, district, or local committee of a political party 
     for--
       ``(i) a public communication that refers solely to a 
     clearly identified candidate for State or local office, if 
     the communication is not a Federal election activity 
     described in subparagraph (A)(i) or (ii);
       ``(ii) a contribution to a candidate for State or local 
     office, provided the contribution is not designated or used 
     to pay for a Federal election activity described in 
     subparagraph (A);
       ``(iii) the costs of a State, district, or local political 
     convention;
       ``(iv) the costs of grassroots campaign materials, 
     including buttons, bumper stickers, and yard signs, that name 
     or depict only a candidate for State or local office; and
       ``(v) the cost of constructing or purchasing an office 
     facility or equipment for a State, district, or local 
     committee.
       ``(21) Generic campaign activity.--The term `generic 
     campaign activity' means an activity that promotes a 
     political party and does not promote a candidate or non-
     Federal candidate.
       ``(22) Public communication.--The term `public 
     communication' means a communication by means of any 
     broadcast, cable, or satellite communication, newspaper, 
     magazine, outdoor advertising facility, mass mailing, or 
     telephone bank to the general public, or any other form of 
     general public political advertising.
       ``(23) Mass mailing.--The term `mass mailing' means a 
     mailing of more than 500 pieces of mail matter of an 
     identical or substantially similar nature within any 30-day 
     period.
       ``(24) Telephone bank.--The term `telephone bank' means 
     more than 500 telephone calls of an identical or 
     substantially similar nature within any 30-day period.''.

     SEC. 102. INCREASED CONTRIBUTION LIMITS FOR STATE COMMITTEES 
                   OF POLITICAL PARTIES AND AGGREGATE CONTRIBUTION 
                   LIMIT FOR INDIVIDUALS.

       (a) Contribution Limit for State Committees of Political 
     Parties.--Section 315(a)(1) of the Federal Election Campaign 
     Act of 1971 (2 U.S.C. 441a(a)(1)) is amended--
       (1) in subparagraph (B), by striking ``or'' at the end;
       (2) in subparagraph (C)--
       (A) by inserting ``(other than a committee described in 
     subparagraph (D))'' after ``committee''; and
       (B) by striking the period at the end and inserting ``; 
     or''; and
       (3) by adding at the end the following:
       ``(D) to a political committee established and maintained 
     by a State committee of a political party in any calendar 
     year which, in the aggregate, exceed $10,000.''.
       (b) Aggregate Contribution Limit for Individual.--Section 
     315(a)(3) of the Federal Election Campaign Act of 1971 (2 
     U.S.C. 441a(a)(3)) is amended by striking ``$25,000'' and 
     inserting ``$30,000''.

     SEC. 103. REPORTING REQUIREMENTS.

       (a) Reporting Requirements.--Section 304 of the Federal 
     Election Campaign Act of 1971 (2 U.S.C. 434) is amended by 
     adding at the end the following:
       ``(e) Political Committees.--
       ``(1) National and congressional political committees.--The 
     national committee of a political party, any national 
     congressional campaign committee of a political party, and 
     any subordinate committee of either, shall report all 
     receipts and disbursements during the reporting period.
       ``(2) Other political committees to which section 323 
     applies.--In addition to any other reporting requirements 
     applicable under this Act, a political committee (not 
     described in paragraph (1)) to which section 323(b)(1)(A) 
     applies shall report all receipts and disbursements made for 
     activities described in section 301(20)(A), other than 
     activities described in section 323(b)(1)(B).
       ``(3) Itemization.--If a political committee has receipts 
     or disbursements to which this subsection applies from any 
     person aggregating in excess of $200 for any calendar year, 
     the political committee shall separately itemize its 
     reporting for such person in the same manner as required in 
     paragraphs (3)(A), (5), and (6) of subsection (b).
       ``(4) Reporting periods.--Reports required to be filed 
     under this subsection shall be filed for the same time 
     periods required for political committees under subsection 
     (a)(4)(B).''.
       (b) Building Fund Exception to the Definition of 
     Contribution.--Section 301(8)(B) of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 431(8)(B)) is amended--
       (1) by striking clause (viii); and
       (2) by redesignating clauses (ix) through (xv) as clauses 
     (viii) through (xiv), respectively.

              TITLE II--NONCANDIDATE CAMPAIGN EXPENDITURES

               Subtitle A--Electioneering Communications

     SEC. 201. DISCLOSURE OF ELECTIONEERING COMMUNICATIONS.

       Section 304 of the Federal Election Campaign Act of 1971 (2 
     U.S.C. 434), as amended

[[Page S3627]]

     by section 103, is amended by adding at the end the following 
     new subsection:
       ``(f) Additional Statements on Electioneering 
     Communications.--
       ``(1) Statement required.--Every person who makes a 
     disbursement for electioneering communications in an 
     aggregate amount in excess of $10,000 during any calendar 
     year shall, within 24 hours of each disclosure date, file 
     with the Commission a statement containing the information 
     described in paragraph (2).
       ``(2) Contents of statement.--Each statement required to be 
     filed under this subsection shall be made under penalty of 
     perjury and shall contain the following information:
       ``(A) The identification of the person making the 
     disbursement, of any entity sharing or exercising direction 
     or control over the activities of such person, and of the 
     custodian of the books and accounts of the person making the 
     disbursement.
       ``(B) The principal place of business of the person making 
     the disbursement, if not an individual.
       ``(C) The amount of each disbursement of more than $200 
     during the period covered by the statement and the 
     identification of the person to whom the disbursement was 
     made.
       ``(D) The elections to which the electioneering 
     communications pertain and the names (if known) of the 
     candidates identified or to be identified.
       ``(E) If the disbursements were paid out of a segregated 
     bank account which consists of funds contributed solely by 
     individuals directly to this account for electioneering 
     communications, the names and addresses of all contributors 
     who contributed an aggregate amount of $1,000 or more to that 
     account during the period beginning on the first day of the 
     preceding calendar year and ending on the disclosure date. 
     Nothing in this subparagraph is to be construed as a 
     prohibition on the use of funds in such a segregated account 
     for a purpose other than electioneering communications.
       ``(F) If the disbursements were paid out of funds not 
     described in subparagraph (E), the names and addresses of all 
     contributors who contributed an aggregate amount of $1,000 or 
     more to the organization during the period beginning on the 
     first day of the preceding calendar year and ending on the 
     disclosure date.
       ``(3) Electioneering communication.--For purposes of this 
     subsection--
       ``(A)(i) In general.--The term `electioneering 
     communication' means any broadcast, cable, or satellite 
     communication which--
       ``(I) refers to a clearly identified candidate for Federal 
     office;
       ``(II) is made within--

       ``(aa) 60 days before a general, special, or runoff 
     election for such Federal office; or
       ``(bb) 30 days before a primary or preference election, or 
     a convention or caucus of a political party that has 
     authority to nominate a candidate, for such Federal office; 
     and

       ``(III) is made to an audience that includes members of the 
     electorate for such election, convention, or caucus; and
       ``(ii) if clause (i) of paragraph (3)(A) is held to be 
     constitutionally insufficient by final judicial decision to 
     support the regulation provided herein, then the term 
     `electioneering communication' means any broadcast, cable, or 
     satellite communication which promotes or supports a 
     candidate for that office, or attacks or opposes a candidate 
     for that office (regardless of whether the communication 
     expressly advocates a vote for or against a candidate) and 
     which also is suggestive of no plausible meaning other than 
     an exhortation to vote for or against a specific candidate. 
     Nothing in this subsection shall be construed to affect the 
     interpretation or application of section 100.22(b) of title 
     11, Code of Federal Regulations.
       ``(B) Exceptions.--The term `electioneering communication' 
     does not include--
       ``(i) a communication appearing in a news story, 
     commentary, or editorial distributed through the facilities 
     of any broadcasting station, unless such facilities are owned 
     or controlled by any political party, political committee, or 
     candidate; or
       ``(ii) a communication which constitutes an expenditure or 
     an independent expenditure under this Act.
       ``(4) Disclosure date.--For purposes of this subsection, 
     the term `disclosure date' means--
       ``(A) the first date during any calendar year by which a 
     person has made disbursements for electioneering 
     communications aggregating in excess of $10,000; and
       ``(B) any other date during such calendar year by which a 
     person has made disbursements for electioneering 
     communications aggregating in excess of $10,000 since the 
     most recent disclosure date for such calendar year.
       ``(5) Contracts to disburse.--For purposes of this 
     subsection, a person shall be treated as having made a 
     disbursement if the person has executed a contract to make 
     the disbursement.
       ``(6) Coordination with other requirements.--Any 
     requirement to report under this subsection shall be in 
     addition to any other reporting requirement under this 
     Act.''.

     SEC. 202. COORDINATED COMMUNICATIONS AS CONTRIBUTIONS.

       Section 315(a)(7) of the Federal Election Campaign Act of 
     1971 (2 U.S.C. 441a(a)(7)) is amended--
       (1) by redesignating subparagraph (C) as subparagraph (D); 
     and
       (2) by inserting after subparagraph (B) the following:
       ``(C) if--
       ``(i) any person makes, or contracts to make, any 
     disbursement for any electioneering communication (within the 
     meaning of section 304(f)(3)); and
       ``(ii) such disbursement is coordinated with a candidate or 
     an authorized committee of such candidate, a Federal, State, 
     or local political party or committee thereof, or an agent or 
     official of any such candidate, party, or committee;

     such disbursement or contracting shall be treated as a 
     contribution to the candidate supported by the electioneering 
     communication or that candidate's party and as an expenditure 
     by that candidate or that candidate's party; and''.

     SEC. 203. PROHIBITION OF CORPORATE AND LABOR DISBURSEMENTS 
                   FOR ELECTIONEERING COMMUNICATIONS.

       (a) In General.--Section 316(b)(2) of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 441b(b)(2)) is amended by 
     inserting ``or for any applicable electioneering 
     communication'' before ``, but shall not include''.
       (b) Applicable Electioneering Communication.--Section 316 
     of such Act is amended by adding at the end the following:
       ``(c) Rules Relating to Electioneering Communications.--
       ``(1) Applicable electioneering communication.--For 
     purposes of this section, the term `applicable electioneering 
     communication' means an electioneering communication (within 
     the meaning of section 304(f)(3)) which is made by any entity 
     described in subsection (a) of this section or by any other 
     person using funds donated by an entity described in 
     subsection (a) of this section.
       ``(2) Exception.--Notwithstanding paragraph (1), the term 
     `applicable electioneering communication' does not include a 
     communication by an organization described in section 
     501(c)(4) of the Internal Revenue Code of 1986 or a political 
     organization (as defined in section 527(e)(1) of such Code) 
     made under section 304(f)(2) (E) or (F) of this Act if the 
     communication is paid for exclusively by funds provided 
     directly by individuals who are United States citizens or 
     lawfully admitted for permanent residence as defined in 
     section 1101(a)(2) of the Immigration and Nationality Act (8 
     U.S.C. 1101(a)(2)). For purposes of the preceding sentence, 
     the term `provided directly by individuals' does not include 
     funds the source of which is an entity described in 
     subsection (a) of this section.
       ``(3) Special operating rules.--For purposes of paragraph 
     (1), the following rules shall apply:
       ``(A) An electioneering communication shall be treated as 
     made by an entity described in subsection (a) if--
       ``(i) an entity described in subsection (a) directly or 
     indirectly disburses any amount for any of the costs of the 
     communication; or
       ``(ii) any amount is disbursed for the communication by a 
     corporation or labor organization or a State or local 
     political party or committee thereof that receives anything 
     of value from an entity described in subsection (a), except 
     that this clause shall not apply to any communication the 
     costs of which are defrayed entirely out of a segregated 
     account to which only individuals can contribute, as 
     described in section 304(f)(2)(E).
       ``(B) A section 501(c)(4) organization that derives amounts 
     from business activities or receives funds from any entity 
     described in subsection (a) shall be considered to have paid 
     for any communication out of such amounts unless such 
     organization paid for the communication out of a segregated 
     account to which only individuals can contribute, as 
     described in section 304(f)(2)(E).
       ``(4) Definitions and rules.--For purposes of this 
     subsection--
       ``(A) the term `section 501(c)(4) organization' means--
       ``(i) an organization described in section 501(c)(4) of the 
     Internal Revenue Code of 1986 and exempt from taxation under 
     section 501(a) of such Code; or
       ``(ii) an organization which has submitted an application 
     to the Internal Revenue Service for determination of its 
     status as an organization described in clause (i); and
       ``(B) a person shall be treated as having made a 
     disbursement if the person has executed a contract to make 
     the disbursement.
       ``(5) Coordination with internal revenue code.--Nothing in 
     this subsection shall be construed to authorize an 
     organization exempt from taxation under section 501(a) of the 
     Internal Revenue Code of 1986 to carry out any activity which 
     is prohibited under such Code.''.

     SEC. 204. RULES RELATING TO CERTAIN TARGETED ELECTIONEERING 
                   COMMUNICATIONS.

       Section 316(c) of the Federal Election Campaign Act of 1971 
     (2 U.S.C. 441b), as added by section 203, is amended by 
     adding at the end the following:
       ``(6) Special rules for targeted communications.--
       ``(A) Exception does not apply.--Paragraph (2) shall not 
     apply in the case of a targeted communication that is made by 
     an organization described in such paragraph.
       ``(B) Targeted communication.--For purposes of subparagraph 
     (A), the term `targeted communication' means an 
     electioneering communication (as defined in section 
     304(f)(3)) that is distributed from a television or radio 
     broadcast station or provider of cable or satellite 
     television service whose audience consists primarily of 
     residents of

[[Page S3628]]

     the State for which the clearly identified candidate is 
     seeking office.''.

          Subtitle B--Independent and Coordinated Expenditures

     SEC. 211. DEFINITION OF INDEPENDENT EXPENDITURE.

       Section 301 of the Federal Election Campaign Act (2 U.S.C. 
     431) is amended by striking paragraph (17) and inserting the 
     following:
       ``(17) Independent expenditure.--The term `independent 
     expenditure' means an expenditure by a person--
       ``(A) expressly advocating the election or defeat of a 
     clearly identified candidate; and
       ``(B) that is not a coordinated activity with such 
     candidate or such candidate's agent or a person who has 
     engaged in coordinated activity with such candidate or such 
     candidate's agent.''.

     SEC. 212. REPORTING REQUIREMENTS FOR CERTAIN INDEPENDENT 
                   EXPENDITURES.

       Section 304 of the Federal Election Campaign Act of 1971 (2 
     U.S.C. 434) (as amended by section 201) is amended--
       (1) in subsection (c)(2), by striking the undesignated 
     matter after subparagraph (C); and
       (2) by adding at the end the following:
       ``(g) Time for Reporting Certain Expenditures.--
       ``(1) Expenditures aggregating $1,000.--
       ``(A) Initial report.--A person (including a political 
     committee) that makes or contracts to make independent 
     expenditures aggregating $1,000 or more after the 20th day, 
     but more than 24 hours, before the date of an election shall 
     file a report describing the expenditures within 24 hours.
       ``(B) Additional reports.--After a person files a report 
     under subparagraph (A), the person shall file an additional 
     report within 24 hours after each time the person makes or 
     contracts to make independent expenditures aggregating an 
     additional $1,000 with respect to the same election as that 
     to which the initial report relates.
       ``(2) Expenditures aggregating $10,000.--
       ``(A) Initial report.--A person (including a political 
     committee) that makes or contracts to make independent 
     expenditures aggregating $10,000 or more at any time up to 
     and including the 20th day before the date of an election 
     shall file a report describing the expenditures within 48 
     hours.
       ``(B) Additional reports.--After a person files a report 
     under subparagraph (A), the person shall file an additional 
     report within 48 hours after each time the person makes or 
     contracts to make independent expenditures aggregating an 
     additional $10,000 with respect to the same election as that 
     to which the initial report relates.
       ``(3) Place of filing; contents.--A report under this 
     subsection--
       ``(A) shall be filed with the Commission; and
       ``(B) shall contain the information required by subsection 
     (b)(6)(B)(iii), including the name of each candidate whom an 
     expenditure is intended to support or oppose.''.

     SEC. 213. INDEPENDENT VERSUS COORDINATED EXPENDITURES BY 
                   PARTY.

       Section 315(d) of the Federal Election Campaign Act (2 
     U.S.C. 441a(d)) is amended--
       (1) in paragraph (1), by striking ``and (3)'' and inserting 
     ``, (3), and (4)''; and
       (2) by adding at the end the following:
       ``(4) Independent versus coordinated expenditures by 
     party.--
       ``(A) In general.--On or after the date on which a 
     political party nominates a candidate, a committee of the 
     political party shall not make both expenditures under this 
     subsection and independent expenditures (as defined in 
     section 301(17)) with respect to the candidate during the 
     election cycle.
       ``(B) Certification.--Before making a coordinated 
     expenditure under this subsection with respect to a 
     candidate, a committee of a political party shall file with 
     the Commission a certification, signed by the treasurer of 
     the committee, that the committee, on or after the date 
     described in subparagraph (A), has not and shall not make any 
     independent expenditure with respect to the candidate during 
     the same election cycle.
       ``(C) Application.--For purposes of this paragraph, all 
     political committees established and maintained by a national 
     political party (including all congressional campaign 
     committees) and all political committees established and 
     maintained by a State political party (including any 
     subordinate committee of a State committee) shall be 
     considered to be a single political committee.
       ``(D) Transfers.--A committee of a political party that 
     submits a certification under subparagraph (B) with respect 
     to a candidate shall not, during an election cycle, transfer 
     any funds to, assign authority to make coordinated 
     expenditures under this subsection to, or receive a transfer 
     of funds from, a committee of the political party that has 
     made or intends to make an independent expenditure with 
     respect to the candidate.''.

     SEC. 214. COORDINATION WITH CANDIDATES OR POLITICAL PARTIES.

       (a) In General.--
       (1) Coordinated expenditure or disbursement treated as 
     contribution.--Section 301(8) of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 431(8)) is amended--
       (A) by striking ``or'' at the end of subparagraph (A)(i);
       (B) by striking ``purpose.'' in subparagraph (A)(ii) and 
     inserting ``purpose;'';
       (C) by adding at the end of subparagraph (A) the following:
       ``(iii) any coordinated expenditure or other disbursement 
     made by any person in connection with a candidate's election, 
     regardless of whether the expenditure or disbursement is for 
     a communication that contains express advocacy; or
       ``(iv) any expenditure or other disbursement made in 
     coordination with a national committee, State committee, or 
     other political committee of a political party by a person 
     (other than a candidate or a candidate's authorized 
     committee) in connection with an election, regardless of 
     whether the expenditure or disbursement is for a 
     communication that contains express advocacy.''.
       (2) Conforming amendment.--Section 315(a)(7) of the Federal 
     Election Campaign Act of 1971 (2 U.S.C. 441a(a)(7)) is 
     amended by striking subparagraph (B) and inserting the 
     following:
       ``(B) a coordinated expenditure or disbursement described 
     in--
       ``(i) section 301(8)(C) shall be considered to be a 
     contribution to the candidate or an expenditure by the 
     candidate, respectively; and
       ``(ii) section 301(8)(D) shall be considered to be a 
     contribution to, or an expenditure by, the political party 
     committee, respectively; and''.
       (b) Definition of Coordination.--Section 301(8) of the 
     Federal Election Campaign Act of 1971 (2 U.S.C. 431(8)), as 
     amended by subsection (a), is amended by adding at the end 
     the following:
       ``(C) For purposes of subparagraph (A)(iii), the term 
     `coordinated expenditure or other disbursement' means a 
     payment made in concert or cooperation with, at the request 
     or suggestion of, or pursuant to any general or particular 
     understanding with, such candidate, the candidate's 
     authorized political committee, or their agents, or a 
     political party committee or its agents.''.
       (c) Regulations by the Federal Election Commission.--(1) 
     Within 90 days of the effective date of this Act, the Federal 
     Election Commission shall promulgate new regulations to 
     enforce the statutory standard set by this provision. The 
     regulation shall not require collaboration or agreement to 
     establish coordination. In addition to any subject determined 
     by the Commission, the regulations shall address--
       (A) payments for the republication of campaign materials;
       (B) payments for the use of a common vendor;
       (C) payments for communications directed or made by persons 
     who previously served as an employee of a candidate or a 
     political party;
       (D) payments for communications made by a person after 
     substantial discussion about the communication with a 
     candidate or a political party; and
       (E) the impact of coordinating internal communications by 
     any person to its restricted class has on any subsequent 
     ``Federal election activity'' as defined in section 301 of 
     the Federal Election Campaign Act of 1971.
       (2) The regulations on coordination adopted by the Federal 
     Election Commission and published in the Federal Register at 
     page 76138 of volume 65, Federal Register, on December 6, 
     2000, are repealed as of 90 days after the effective date of 
     this Act.
       (d) Meaning of Contribution or Expenditure for the Purposes 
     of Section 316.--Section 316(b)(2) of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 441b(b)(2)) is amended by 
     striking ``shall include'' and inserting ``includes a 
     contribution or expenditure, as those terms are defined in 
     section 301, and also includes''.

                        TITLE III--MISCELLANEOUS

     SEC. 301. USE OF CONTRIBUTED AMOUNTS FOR CERTAIN PURPOSES.

       Title III of the Federal Election Campaign Act of 1971 (2 
     U.S.C. 431 et seq.) is amended by striking section 313 and 
     inserting the following:

     ``SEC. 313. USE OF CONTRIBUTED AMOUNTS FOR CERTAIN PURPOSES.

       ``(a) Permitted Uses.--A contribution accepted by a 
     candidate, and any other donation received by an individual 
     as support for activities of the individual as a holder of 
     Federal office, may be used by the candidate or individual--
       ``(1) for otherwise authorized expenditures in connection 
     with the campaign for Federal office of the candidate or 
     individual;
       ``(2) for ordinary and necessary expenses incurred in 
     connection with duties of the individual as a holder of 
     Federal office;
       ``(3) for contributions to an organization described in 
     section 170(c) of the Internal Revenue Code of 1986; or
       ``(4) for transfers to a national, State, or local 
     committee of a political party.
       ``(b) Prohibited Use.--
       ``(1) In general.--A contribution or donation described in 
     subsection (a) shall not be converted by any person to 
     personal use.
       ``(2) Conversion.--For the purposes of paragraph (1), a 
     contribution or donation shall be considered to be converted 
     to personal use if the contribution or amount is used to 
     fulfill any commitment, obligation, or expense of a person 
     that would exist irrespective of the candidate's election 
     campaign or individual's duties as a holder of Federal 
     office, including--
       ``(A) a home mortgage, rent, or utility payment;
       ``(B) a clothing purchase;
       ``(C) a noncampaign-related automobile expense;
       ``(D) a country club membership;
       ``(E) a vacation or other noncampaign-related trip;
       ``(F) a household food item;

[[Page S3629]]

       ``(G) a tuition payment;
       ``(H) admission to a sporting event, concert, theater, or 
     other form of entertainment not associated with an election 
     campaign; and
       ``(I) dues, fees, and other payments to a health club or 
     recreational facility.''.

     SEC. 302. PROHIBITION OF FUNDRAISING ON FEDERAL PROPERTY.

       Section 607 of title 18, United States Code, is amended--
       (1) by striking subsection (a) and inserting the following:
       ``(a) Prohibition.--
       ``(1) In general.--It shall be unlawful for any person to 
     solicit or receive a donation of money or other thing of 
     value in connection with a Federal, State, or local election 
     from a person who is located in a room or building occupied 
     in the discharge of official duties by an officer or employee 
     of the United States. It shall be unlawful for an individual 
     who is an officer or employee of the Federal Government, 
     including the President, Vice President, and Members of 
     Congress, to solicit or receive a donation of money or other 
     thing of value in connection with a Federal, State, or local 
     election, while in any room or building occupied in the 
     discharge of official duties by an officer or employee of the 
     United States, from any person.
       ``(2) Penalty.--A person who violates this section shall be 
     fined not more than $5,000, imprisoned more than 3 years, or 
     both.''; and
       (2) in subsection (b), by inserting ``or Executive Office 
     of the President'' after ``Congress''.

     SEC. 303. STRENGTHENING FOREIGN MONEY BAN.

       Section 319 of the Federal Election Campaign Act of 1971 (2 
     U.S.C. 441e) is amended--
       (1) by striking the heading and inserting the following: 
     ``contributions and donations by foreign nationals''; and
       (2) by striking subsection (a) and inserting the following:
       ``(a) Prohibition.--It shall be unlawful for--
       ``(1) a foreign national, directly or indirectly, to make--
       ``(A) a contribution or donation of money or other thing of 
     value, or to make an express or implied promise to make a 
     contribution or donation, in connection with a Federal, 
     State, or local election; or
       ``(B) a contribution or donation to a committee of a 
     political party; or
       ``(2) for a person to solicit, accept, or receive such 
     contribution or donation from a foreign national.''.

     SEC. 304. MODIFICATION OF INDIVIDUAL CONTRIBUTION LIMITS IN 
                   RESPONSE TO EXPENDITURES FROM PERSONAL FUNDS.

       (a) Increased Limits for Individuals.--
       (1) In general.--Section 315 of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 441a) is amended--
       (A) in subsection (a)(1), by striking ``No person'' and 
     inserting ``Except as provided in subsection (i), no 
     person''; and
       (B) by adding at the end the following:
       ``(i) Increased Limit To Allow Response to Expenditures 
     From Personal Funds.--
       ``(1) Increase.--
       ``(A) In general.--Subject to paragraph (2), if the 
     opposition personal funds amount with respect to a candidate 
     for election to the office of Senator exceeds the threshold 
     amount, the limit under subsection (a)(1)(A) (in this 
     subsection referred to as the `applicable limit') with 
     respect to that candidate shall be the increased limit.
       ``(B) Threshold amount.--
       ``(i) State-by-state competitive and fair campaign 
     formula.--In this subsection, the threshold amount with 
     respect to an election cycle of a candidate described in 
     subparagraph (A) is an amount equal to the sum of--

       ``(I) $150,000; and
       ``(II) $0.04 multiplied by the voting age population.

       ``(ii) Voting age population.--In this subparagraph, the 
     term `voting age population' means in the case of a candidate 
     for the office of Senator, the voting age population of the 
     State of the candidate (as certified under section 315(e)).
       ``(C) Increased limit.--Except as provided in clause (ii), 
     for purposes of subparagraph (A), if the opposition personal 
     funds amount is over--
       ``(i) 2 times the threshold amount, but not over 4 times 
     that amount--

       ``(I) the increased limit shall be 3 times the applicable 
     limit; and
       ``(II) the limit under subsection (a)(3) shall not apply 
     with respect to any contribution made with respect to a 
     candidate if such contribution is made under the increased 
     limit of subparagraph (A) during a period in which the 
     candidate may accept such a contribution;

       ``(ii) 4 times the threshold amount, but not over 10 times 
     that amount--

       ``(I) the increased limit shall be 6 times the applicable 
     limit; and
       ``(II) the limit under subsection (a)(3) shall not apply 
     with respect to any contribution made with respect to a 
     candidate if such contribution is made under the increased 
     limit of subparagraph (A) during a period in which the 
     candidate may accept such a contribution; and

       ``(iii) 10 times the threshold amount--

       ``(I) the increased limit shall be 6 times the applicable 
     limit;

       ``(II) the limit under subsection (a)(3) shall not apply 
     with respect to any contribution made with respect to a 
     candidate if such contribution is made under the increased 
     limit of subparagraph (A) during a period in which the 
     candidate may accept such a contribution; and
       ``(III) the limits under subsection (d) with respect to any 
     expenditure by a State or national committee of a political 
     party shall not apply.

       ``(D) Opposition personal funds amount.--The opposition 
     personal funds amount is an amount equal to the excess (if 
     any) of--
       ``(i) the greatest aggregate amount of expenditures from 
     personal funds (as defined in section 304(a)(6)(B)) that an 
     opposing candidate in the same election makes; over
       ``(ii) the aggregate amount of expenditures from personal 
     funds made by the candidate with respect to the election.
       ``(2) Time to accept contributions under increased limit.--
       ``(A) In general.--Subject to subparagraph (B), a candidate 
     and the candidate's authorized committee shall not accept any 
     contribution, and a party committee shall not make any 
     expenditure, under the increased limit under paragraph (1)--
       ``(i) until the candidate has received notification of the 
     opposition personal funds amount under section 304(a)(6)(B); 
     and
       ``(ii) to the extent that such contribution, when added to 
     the aggregate amount of contributions previously accepted and 
     party expenditures previously made under the increased limits 
     under this subsection for the election cycle, exceeds 110 
     percent of the opposition personal funds amount.
       ``(B) Effect of withdrawal of an opposing candidate.--A 
     candidate and a candidate's authorized committee shall not 
     accept any contribution and a party shall not make any 
     expenditure under the increased limit after the date on which 
     an opposing candidate ceases to be a candidate to the extent 
     that the amount of such increased limit is attributable to 
     such an opposing candidate.
       ``(3) Disposal of excess contributions.--
       ``(A) In general.--The aggregate amount of contributions 
     accepted by a candidate or a candidate's authorized committee 
     under the increased limit under paragraph (1) and not 
     otherwise expended in connection with the election with 
     respect to which such contributions relate shall, not later 
     than 50 days after the date of such election, be used in the 
     manner described in subparagraph (B).
       ``(B) Return to contributors.--A candidate or a candidate's 
     authorized committee shall return the excess contribution to 
     the person who made the contribution.
       ``(j) Limitation on Repayment of Personal Loans.--Any 
     candidate who incurs personal loans made after the date of 
     enactment of the Bipartisan Campaign Reform Act of 2001 in 
     connection with the candidate's campaign for election shall 
     not repay (directly or indirectly), to the extent such loans 
     exceed $250,000, such loans from any contributions made to 
     such candidate or any authorized committee of such candidate 
     after the date of such election.''.
       (b) Notification of Expenditures From Personal Funds.--
     Section 304(a)(6) of the Federal Election Campaign Act of 
     1971 (2 U.S.C. 434(a)(6)) is amended--
       (1) by redesignating subparagraph (B) as subparagraph (E); 
     and
       (2) by inserting after subparagraph (A) the following:
       ``(B) Notification of expenditure from personal funds.--
       ``(i) Definition of expenditure from personal funds.--In 
     this subparagraph, the term `expenditure from personal funds' 
     means--
       ``(I) an expenditure made by a candidate using personal 
     funds; and
       ``(II) a contribution or loan made by a candidate using 
     personal funds or a loan secured using such funds to the 
     candidate's authorized committee.
       ``(ii) Declaration of intent.--Not later than the date that 
     is 15 days after the date on which an individual becomes a 
     candidate for the office of Senator, the candidate shall file 
     a declaration stating the total amount of expenditures from 
     personal funds that the candidate intends to make, or to 
     obligate to make, with respect to the election will exceed 
     the State-by-State competitive and fair campaign formula 
     with--
       ``(I) the Commission; and
       ``(II) each candidate in the same election.
       ``(iii) Initial notification.--Not later than 24 hours 
     after a candidate described in clause (ii) makes or obligates 
     to make an aggregate amount of expenditures from personal 
     funds in excess of 2 times the threshold amount in connection 
     with any election, the candidate shall file a notification 
     with--
       ``(I) the Commission; and
       ``(II) each candidate in the same election.
       ``(iv) Additional notification.--After a candidate files an 
     initial notification under clause (iii), the candidate shall 
     file an additional notification each time expenditures from 
     personal funds are made or obligated to be made in an 
     aggregate amount that exceed $10,000 amount with--
       ``(I) the Commission; and
       ``(II) each candidate in the same election.
     Such notification shall be filed not later than 24 hours 
     after the expenditure is made.
       ``(v) Contents.--A notification under clause (iii) or (iv) 
     shall include--
       ``(I) the name of the candidate and the office sought by 
     the candidate;
       ``(II) the date and amount of each expenditure; and
       ``(III) the total amount of expenditures from personal 
     funds that the candidate has made, or obligated to make, with 
     respect to an election as of the date of the expenditure that 
     is the subject of the notification.

[[Page S3630]]

       ``(C) Notification of disposal of excess contributions.--In 
     the next regularly scheduled report after the date of the 
     election for which a candidate seeks nomination for election 
     to, or election to, Federal office, the candidate or the 
     candidate's authorized committee shall submit to the 
     Commission a report indicating the source and amount of any 
     excess contributions (as determined under paragraph (1) of 
     section 315(i)) and the manner in which the candidate or the 
     candidate's authorized committee used such funds.
       ``(D) Enforcement.--For provisions providing for the 
     enforcement of the reporting requirements under this 
     paragraph, see section 309.''.
       (c) Definitions.--Section 301 of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 431) is amended by adding at 
     the end the following:
       ``(20) Election cycle.--The term `election cycle' means the 
     period beginning on the day after the date of the most recent 
     election for the specific office or seat that a candidate is 
     seeking and ending on the date of the next election for that 
     office or seat. For purposes of the preceding sentence, a 
     primary election and a general election shall be considered 
     to be separate elections.
       ``(21) Personal funds.--The term `personal funds' means an 
     amount that is derived from--
       ``(A) any asset that, under applicable State law, at the 
     time the individual became a candidate, the candidate had 
     legal right of access to or control over, and with respect to 
     which the candidate had--
       ``(i) legal and rightful title; or
       ``(ii) an equitable interest;
       ``(B) income received during the current election cycle of 
     the candidate, including--
       ``(i) a salary and other earned income from bona fide 
     employment;
       ``(ii) dividends and proceeds from the sale of the 
     candidate's stocks or other investments;
       ``(iii) bequests to the candidate;
       ``(iv) income from trusts established before the beginning 
     of the election cycle;
       ``(v) income from trusts established by bequest after the 
     beginning of the election cycle of which the candidate is the 
     beneficiary;
       ``(vi) gifts of a personal nature that had been customarily 
     received by the candidate prior to the beginning of the 
     election cycle; and
       ``(vii) proceeds from lotteries and similar legal games of 
     chance; and
       ``(C) a portion of assets that are jointly owned by the 
     candidate and the candidate's spouse equal to the candidate's 
     share of the asset under the instrument of conveyance or 
     ownership, but if no specific share is indicated by an 
     instrument of conveyance or ownership, the value of \1/2\ of 
     the property.''.

     SEC. 305. TELEVISION MEDIA RATES.

       (a) Lowest Unit Charge.--Subsection (b) of section 315 of 
     the Communications Act of 1934 (47 U.S.C. 315) is amended--
       (1) by striking ``(b) The charges'' and inserting the 
     following:
       ``(b) Charges.--
       ``(1) In general.--Except as provided in paragraph (2), the 
     charges'';
       (2) by redesignating paragraphs (1) and (2) as 
     subparagraphs (A) and (B), respectively; and
       (3) by adding at the end the following:
       ``(2) Television.--The charges made for the use of any 
     television broadcast station, or by a provider of cable or 
     satellite television service, to any person who is a legally 
     qualified candidate for any public office in connection with 
     the campaign of such candidate for nomination for election, 
     or election, to such office shall not exceed the lowest 
     charge of the station (at any time during the 365-day period 
     preceding the date of the use) for the same amount of time 
     for the same period.''.
       (b) Rate Available for National Parties.--Section 315(b)(2) 
     of such Act (47 U.S.C. 315(b)(2)), as added by subsection 
     (a)(3), is amended by inserting ``, or by a national 
     committee of a political party on behalf of such candidate in 
     connection with such campaign,'' after ``such office''.
       (c) Preemption.--Section 315 of such Act (47 U.S.C. 315) is 
     amended--
       (1) by redesignating subsections (c) and (d) as subsections 
     (e) and (f), respectively; and
       (2) by inserting after subsection (b) the following new 
     subsection:
       ``(c) Preemption.--
       ``(1) In general.--Except as provided in paragraph (2), a 
     licensee shall not preempt the use of a television broadcast 
     station, or a provider of cable or satellite television 
     service, by an eligible candidate or political committee of a 
     political party who has purchased and paid for such use 
     pursuant to subsection (b)(2).
       ``(2) Circumstances beyond control of licensee.--If a 
     program to be broadcast by a television broadcast station, or 
     a provider of cable or satellite television service, is 
     preempted because of circumstances beyond the control of the 
     station, any candidate or party advertising spot scheduled to 
     be broadcast during that program may also be preempted.''.
       (d) Random Audits.--Section 315 of such Act (47 U.S.C. 
     315), as amended by subsection (c), is amended by inserting 
     after subsection (c) the following new subsection:
       ``(d) Random Audits.--
       ``(1) In general.--During the 45-day period preceding a 
     primary election and the 60-day period preceding a general 
     election, the Commission shall conduct random audits of 
     designated market areas to ensure that each television 
     broadcast station, and provider of cable or satellite 
     television service, in those markets is allocating television 
     broadcast advertising time in accordance with this section 
     and section 312.
       ``(2) Markets.--The random audits conducted under paragraph 
     (1) shall cover the following markets:
       ``(A) At least 6 of the top 50 largest designated market 
     areas (as defined in section 122(j)(2)(C) of title 17, United 
     States Code).
       ``(B) At least 3 of the 51-100 largest designated market 
     areas (as so defined).
       ``(C) At least 3 of the 101-150 largest designated market 
     areas (as so defined).
       ``(D) At least 3 of the 151-210 largest designated market 
     areas (as so defined).
       ``(3) Broadcast stations.--Each random audit shall include 
     each of the 3 largest television broadcast networks, 1 
     independent network, and 1 cable network.''.
       (e) Definition of Broadcasting Station.--Subsection (e) of 
     section 315 of such Act (47 U.S.C. 315(e)), as redesignated 
     by subsection (c)(1) of this section, is amended by inserting 
     ``, a television broadcast station, and a provider of cable 
     or satellite television service'' before the semicolon.
       (f) Stylistic Amendments.--Section 315 of such Act (47 
     U.S.C. 315) is amended--
       (1) in subsection (a), by inserting ``In General.--'' 
     before ``If any'';
       (2) in subsection (e), as redesignated by subsection (c)(1) 
     of this section, by inserting ``Definitions.--'' before ``For 
     purposes''; and
       (3) in subsection (f), as so redesignated, by inserting 
     ``Regulations.--'' before ``The Commission''.

     SEC. 306. LIMITATION ON AVAILABILITY OF LOWEST UNIT CHARGE 
                   FOR FEDERAL CANDIDATES ATTACKING OPPOSITION.

       (a) In General.--Section 315(b) of the Communications Act 
     of 1934 (47 U.S.C. 315(b)), as amended by this Act, is 
     amended by adding at the end the following:
       ``(3) Content of broadcasts.--
       ``(A) In general.--In the case of a candidate for Federal 
     office, such candidate shall not be entitled to receive the 
     rate under paragraph (1)(A) or (2) for the use of any 
     broadcasting station unless the candidate provides written 
     certification to the broadcast station that the candidate 
     (and any authorized committee of the candidate) shall not 
     make any direct reference to another candidate for the same 
     office, in any broadcast using the rights and conditions of 
     access under this Act, unless such reference meets the 
     requirements of subparagraph (C) or (D).
       ``(B) Limitation on charges.--If a candidate for Federal 
     office (or any authorized committee of such candidate) makes 
     a reference described in subparagraph (A) in any broadcast 
     that does not meet the requirements of subparagraph (C) or 
     (D), such candidate shall not be entitled to receive the rate 
     under paragraph (1)(A) or (2) for such broadcast or any other 
     broadcast during any portion of the 45-day and 60-day periods 
     described in paragraph (1)(A), that occur on or after the 
     date of such broadcast, for election to such office.
       ``(C) Television broadcasts.--A candidate meets the 
     requirements of this subparagraph if, in the case of a 
     television broadcast, at the end of such broadcast there 
     appears simultaneously, for a period no less than 4 seconds--
       ``(i) a clearly identifiable photographic or similar image 
     of the candidate; and
       ``(ii) a clearly readable printed statement, identifying 
     the candidate and stating that the candidate has approved the 
     broadcast and that the candidate's authorized committee paid 
     for the broadcast.
       ``(D) Radio broadcasts.--A candidate meets the requirements 
     of this subparagraph if, in the case of a radio broadcast, 
     the broadcast includes a personal audio statement by the 
     candidate that identifies the candidate, the office the 
     candidate is seeking, and indicates that the candidate has 
     approved the broadcast.
       ``(E) Certification.--Certifications under this section 
     shall be provided and certified as accurate by the candidate 
     (or any authorized committee of the candidate) at the time of 
     purchase.
       ``(F) Definitions.--For purposes of this paragraph, the 
     terms `authorized committee' and `Federal office' have the 
     meanings given such terms by section 301 of the Federal 
     Election Campaign Act of 1971 (2 U.S.C. 431).''.
       (b) Conforming Amendment.--Section 315(b)(1)(A) of the 
     Communications Act of 1934 (47 U.S.C. 315(b)(1)(A)), as 
     amended by this Act, is amended by inserting ``subject to 
     paragraph (3),'' before ``during the forty-five days''.
       (c) Effective Date.--The amendments made by this section 
     shall apply to broadcasts made after the date of enactment of 
     this Act.

     SEC. 307. SOFTWARE FOR FILING REPORTS AND PROMPT DISCLOSURE 
                   OF CONTRIBUTIONS.

       Section 304(a) of the Federal Election Campaign Act of 1971 
     (2 U.S.C. 434(a)) is amended by adding at the end the 
     following:
       ``(12) Software for filing of reports.--
       ``(A) In general.--The Commission shall--
       ``(i) promulgate standards to be used by vendors to develop 
     software that--

[[Page S3631]]

       ``(I) permits candidates to easily record information 
     concerning receipts and disbursements required to be reported 
     under this Act at the time of the receipt or disbursement;
       ``(II) allows the information recorded under subclause (I) 
     to be transmitted immediately to the Commission; and
       ``(III) allows the Commission to post the information on 
     the Internet immediately upon receipt; and

       ``(ii) make a copy of software that meets the standards 
     promulgated under clause (i) available to each person 
     required to file a designation, statement, or report in 
     electronic form under this Act.
       ``(B) Additional information.--To the extent feasible, the 
     Commission shall require vendors to include in the software 
     developed under the standards under subparagraph (A) the 
     ability for any person to file any designation, statement, or 
     report required under this Act in electronic form.
       ``(C) Required use.--Notwithstanding any provision of this 
     Act relating to times for filing reports, each candidate for 
     Federal office (or that candidate's authorized committee) 
     shall use software that meets the standards promulgated under 
     this paragraph once such software is made available to such 
     candidate.
       ``(D) Required posting.--The Commission shall, as soon as 
     practicable, post on the Internet any information received 
     under this paragraph.''.

     SEC. 308. MODIFICATION OF CONTRIBUTION LIMITS.

       (a) Increase in Individual Limits.--Section 315(a)(1) of 
     the Federal Election Campaign Act of 1971 (2 U.S.C. 
     441a(a)(1)) is amended--
       (1) in subparagraph (A), by striking ``$1,000'' and 
     inserting ``$2,000''; and
       (2) in subparagraph (B), by striking ``$20,000'' and 
     inserting ``$25,000''.
       (b) Increase in Aggregate Individual Limit.--Section 
     315(a)(3) of the Federal Election Campaign Act of 1971 (2 
     U.S.C. 441a(a)(3)), as amended by section 102(b), is amended 
     by striking ``$30,000'' and inserting ``$37,500''.
       (c) Increase in Senatorial Campaign Committee Limit.--
     Section 315(h) of the Federal Election Campaign Act of 1971 
     (2 U.S.C. 441a(h)) is amended by striking ``$17,500'' and 
     inserting ``$35,000''.
       (d) Indexing of Contribution Limits.--Section 315(c) of the 
     Federal Election Campaign Act of 1971 (2 U.S.C. 441a(c)) is 
     amended--
       (1) in paragraph (1)--
       (A) by striking the second and third sentences;
       (B) by inserting ``(A)'' before ``At the beginning''; and
       (C) by adding at the end the following:
       ``(B) Except as provided in subparagraph (C), in any 
     calendar year after 2002--
       ``(i) a limitation established by subsections (a)(1)(A), 
     (a)(1)(B), (a)(3), (b), (d), or (h) 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.
       ``(C) In the case of limitations under subsections 
     (a)(1)(A), (a)(1)(B), (a)(3), and (h), increases shall only 
     be made in odd-numbered years and such increases shall remain 
     in effect for the 2-year period beginning on the first day 
     following the date of the last general election in the year 
     preceding the year in which the amount is increased and 
     ending on the date of the next general election.''; and
       (2) in paragraph (2)(B), by striking ``means the calendar 
     year 1974'' and inserting ``means--
       ``(i) for purposes of subsections (b) and (d), calendar 
     year 1974; and
       ``(ii) for purposes of subsections (a)(1)(A), (a)(1)(B), 
     (a)(3), and (h) calendar year 2001''.
       (e) Effective Date.--The amendments made by this section 
     shall apply to contributions made after the date of enactment 
     of this Act.

     SEC. 309. TELEVISION MEDIA RATES FOR NATIONAL PARTIES 
                   CONDITIONED ON ADHERENCE TO EXISTING 
                   COORDINATED SPENDING LIMITS.

       (a) Availability of Television Media Rates.--Section 
     315(b)(2) of the Communications Act of 1934 (47 U.S.C. 
     315(b)(2)), as amended by this Act, is amended--
       (1) by striking ``Television.--The charges'' and inserting 
     ``Television.--
       ``(A) In general.--Except as provided in subparagraph (B), 
     the charges''; and
       (2) by adding at the end the following:
       ``(B) Limitations on availability for national committees 
     of political parties.--
       ``(i) Rate conditioned on voluntary adherence to 
     expenditure limits.--If the limits on expenditures under 
     section 315(d)(3) of the Federal Election Campaign Act of 
     1971 are held to be invalid by the Supreme Court of the 
     United States, then no television broadcast station, or 
     provider of cable or satellite television service, shall be 
     required to charge a national committee of a political party 
     the lowest charge of the station described in paragraph (1) 
     after the date of the Supreme Court holding unless the 
     national committee of a political party certifies to the 
     Federal Election Commission that the committee, and each 
     State committee of that political party of each State in 
     which the advertisement is televised, will adhere to the 
     expenditure limits, for the calendar year in which the 
     general election to which the expenditure relates occurs, 
     that would apply under such section as in effect on January 
     1, 2001.
       ``(ii) Rate not available for independent expenditures.--If 
     the limits on expenditures under section 315(d)(3) of the 
     Federal Election Campaign Act of 1971 are held to be invalid 
     by the Supreme Court of the United States, then no television 
     broadcast station, or provider of cable or satellite 
     television service, shall be required to charge a national or 
     State committee of a political party the lowest charge of the 
     station described in paragraph (1) with respect to any 
     independent expenditure (as defined in section 301 of the 
     Federal Election Campaign Act of 1971).
       ``(iii) Coordination with other provisions.--Clauses (i) 
     and (ii) shall not apply if section 315(d) of the Federal 
     Election Campaign Act of 1971 (2 U.S.C. 441a(d)) does not 
     apply with respect to an expenditure by a State or national 
     committee of a political party by reason of section 
     315(i)(1)(C)(iii)(III) of that Act.
       (b) Federal Election Commission Rulemaking.--Section 315(d) 
     of the Federal Election Campaign Act of 1971 (2 U.S.C. 
     441a(d)) is amended by adding at the end the following:
       ``(4) If the limits on expenditures under paragraph (3) are 
     held to be invalid by the Supreme Court of the United States, 
     the Commission shall prescribe rules to ensure that each 
     national committee of political party that submits a 
     certification under section 315(b)(2)(B) of the 
     Communications Act of 1934, and each State committee of that 
     political party described in such section, complies with such 
     certification.''.

     SEC. 310. DONATIONS TO PRESIDENTIAL INAUGURAL COMMITTEE.

       (a) In General.--Chapter 5 of title 36, United States Code, 
     is amended by--
       (1) redesignating section 510 as section 511; and
       (2) inserting after section 509 the following:

     ``Sec. 510. Disclosure of and prohibition on certain 
       donations.

       ``(a) In general.--A committee shall not be considered to 
     be the Inaugural Committee for purposes of this chapter 
     unless the committee agrees to, and meets, the requirements 
     of subsections (b) and (c).
       ``(b) Disclosure.--
       ``(1) In general.--Not later than the date that is 90 days 
     after the date of the Presidential inaugural ceremony, the 
     committee shall file a report with the Federal Election 
     Commission disclosing any donation of money or anything of 
     value made to the committee in an aggregate amount equal to 
     or greater than $200.
       ``(2) Contents of report.--A report filed under paragraph 
     (1) shall contain--
       ``(A) the amount of the donation;
       ``(B) the date the donation is received; and
       ``(C) the name and address of the person making the 
     donation.
       ``(c) Limitation.--The committee shall not accept any 
     donation from a foreign national (as defined in section 
     319(b) of the Federal Election Campaign Act of 1971 (2 U.S.C. 
     441e(b))).''.
       (b) Reports Made Available by FEC.--Section 304 of the 
     Federal Election Campaign Act of 1971 (2 U.S.C. 434), as 
     amended by sections 103, 201, and 212 is amended by adding at 
     the end the following:
       ``(h) Reports From Inaugural Committees.--The Federal 
     Election Commission shall make any report filed by an 
     Inaugural Committee under section 510 of title 36, United 
     States Code, accessible to the public at the offices of the 
     Commission and on the Internet not later than 48 hours after 
     the report is received by the Commission.''.

     SEC. 311. PROHIBITION ON FRAUDULENT SOLICITATION OF FUNDS.

       Section 322 of the Federal Election Campaign Act of 1971 (2 
     U.S.C. 441h) is amended--
       (1) by inserting ``(a) In General.--'' before ``No 
     person'';
       (2) by adding at the end the following:
       ``(b) Fraudulent Solicitation of Funds.--No person shall--
       ``(1) fraudulently misrepresent the person as speaking, 
     writing, or otherwise acting for or on behalf of any 
     candidate or political party or employee or agent thereof for 
     the purpose of soliciting contributions or donations; or
       ``(2) willfully and knowingly participate in or conspire to 
     participate in any plan, scheme, or design to violate 
     paragraph (1).''.

     SEC. 312. STUDY AND REPORT ON CLEAN MONEY CLEAN ELECTIONS 
                   LAWS.

       (a) Clean Money Clean Elections Defined.--In this section, 
     the term ``clean money clean elections'' means funds received 
     under State laws that provide in whole or in part for the 
     public financing of election campaigns.
       (b) Study.--
       (1) In general.--The Comptroller General of the United 
     States shall conduct a study of the clean money clean 
     elections of Arizona and Maine.
       (2) Matters studied.--
       (A) Statistics on clean money clean elections candidates.--
     The Comptroller General of the United States shall 
     determine--
       (i) the number of candidates who have chosen to run for 
     public office with clean money clean elections including--

       (I) the office for which they were candidates;
       (II) whether the candidate was an incumbent or a 
     challenger; and
       (III) whether the candidate was successful in the 
     candidate's bid for public office; and

[[Page S3632]]

       (ii) the number of races in which at least one candidate 
     ran an election with clean money clean elections.
       (B) Effects of clean money clean elections.--The 
     Comptroller General of the United States shall describe the 
     effects of public financing under the clean money clean 
     elections laws on the 2000 elections in Arizona and Maine.
       (c) Report.--Not later than 1 year after the date of 
     enactment of this Act, the Comptroller General of the United 
     States shall submit a report to the Congress detailing the 
     results of the study conducted under subsection (b).

     SEC. 313. CLARITY STANDARDS FOR IDENTIFICATION OF SPONSORS OF 
                   ELECTION-RELATED ADVERTISING.

       Section 318 of the Federal Election Campaign Act of 1971 (2 
     U.S.C. 441d) is amended--
       (1) in subsection (a)--
       (A) in the matter preceding paragraph (1)--
       (i) by striking ``Whenever'' and inserting ``Whenever a 
     political committee makes a disbursement for the purpose of 
     financing any communication through any broadcasting station, 
     newspaper, magazine, outdoor advertising facility, mailing, 
     or any other type of general public political advertising, or 
     whenever'';
       (ii) by striking ``an expenditure'' and inserting ``a 
     disbursement''; and
       (iii) by striking ``direct''; and
       (iv) by inserting ``or makes a disbursement for an 
     electioneering communication (as defined in section 
     304(f)(3))'' after ``public political advertising''; and
       (B) in paragraph (3), by inserting ``and permanent street 
     address, telephone number, or World Wide Web address'' after 
     ``name''; and
       (2) by adding at the end the following:
       ``(c) Specification.--Any printed communication described 
     in subsection (a) shall--
       ``(1) be of sufficient type size to be clearly readable by 
     the recipient of the communication;
       ``(2) be contained in a printed box set apart from the 
     other contents of the communication; and
       ``(3) be printed with a reasonable degree of color contrast 
     between the background and the printed statement.
       ``(d) Additional Requirements.--
       ``(1) Audio statement.--
       ``(A) Candidate.--Any communication described in paragraphs 
     (1) or (2) of subsection (a) which is transmitted through 
     radio or television shall include, in addition to the 
     requirements of that paragraph, an audio statement by the 
     candidate that identifies the candidate and states that the 
     candidate has approved the communication.
       ``(B) Other persons.--Any communication described in 
     paragraph (3) of subsection (a) which is transmitted through 
     radio or television shall include, in addition to the 
     requirements of that paragraph, in a clearly spoken manner, 
     the following statement: `__________ is responsible for the 
     content of this advertising.' (with the blank to be filled in 
     with the name of the political committee or other person 
     paying for the communication and the name of any connected 
     organization of the payor). If transmitted through 
     television, the statement shall also appear in a clearly 
     readable manner with a reasonable degree of color contrast 
     between the background and the printed statement, for a 
     period of at least 4 seconds.
       ``(2) Television.--If a communication described in 
     paragraph (1)(A) is transmitted through television, the 
     communication shall include, in addition to the audio 
     statement under paragraph (1), a written statement that--
       ``(A) appears at the end of the communication in a clearly 
     readable manner with a reasonable degree of color contrast 
     between the background and the printed statement, for a 
     period of at least 4 seconds; and
       ``(B) is accompanied by a clearly identifiable photographic 
     or similar image of the candidate.''.

     SEC. 314. INCREASE IN PENALTIES.

       (a) In General.--Subparagraph (A) of section 309(d)(1) of 
     the Federal Election Campaign Act of 1971 (2 U.S.C. 
     437g(d)(1)(A)) is amended to read as follows:
       ``(A) Any person who knowingly and willfully commits a 
     violation of any provision of this Act which involves the 
     making, receiving, or reporting of any contribution, 
     donation, or expenditure--
       ``(i) aggregating $25,000 or more during a calendar year 
     shall be fined under title 18, United States Code, or 
     imprisoned for not more than 5 years, or both; or
       ``(ii) aggregating $2,000 or more (but less than $25,000) 
     during a calendar year shall be fined under such title, or 
     imprisoned for not more than one year, or both.''.
       (b) Effective Date.--The amendment made by this section 
     shall apply to violations occurring on or after the date of 
     enactment of this Act.

     SEC. 315. STATUTE OF LIMITATIONS.

       (a) In General.--Section 406(a) of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 455(a)) is amended by striking 
     ``3'' and inserting ``5''.
       (b) Effective Date.--The amendment made by this section 
     shall apply to violations occurring on or after the date of 
     enactment of this Act.

     SEC. 316. SENTENCING GUIDELINES.

       (a) In General.--The United States Sentencing Commission 
     shall--
       (1) promulgate a guideline, or amend an existing guideline 
     under section 994 of title 28, United States Code, in 
     accordance with paragraph (2), for penalties for violations 
     of the Federal Election Campaign Act of 1971 and related 
     election laws; and
       (2) submit to Congress an explanation of any guidelines 
     promulgated under paragraph (1) and any legislative or 
     administrative recommendations regarding enforcement of the 
     Federal Election Campaign Act of 1971 and related election 
     laws.
       (b) Considerations.--The Commission shall provide 
     guidelines under subsection (a) taking into account the 
     following considerations:
       (1) Ensure that the sentencing guidelines and policy 
     statements reflect the serious nature of such violations and 
     the need for aggressive and appropriate law enforcement 
     action to prevent such violations.
       (2) Provide a sentencing enhancement for any person 
     convicted of such violation if such violation involves--
       (A) a contribution, donation, or expenditure from a foreign 
     source;
       (B) a large number of illegal transactions;
       (C) a large aggregate amount of illegal contributions, 
     donations, or expenditures;
       (D) the receipt or disbursement of governmental funds; and
       (E) an intent to achieve a benefit from the Federal 
     Government.
       (3) Provide a sentencing enhancement for any violation by a 
     person who is a candidate or a high-ranking campaign official 
     for such candidate.
       (4) Assure reasonable consistency with other relevant 
     directives and guidelines of the Commission.
       (5) Account for aggravating or mitigating circumstances 
     that might justify exceptions, including circumstances for 
     which the sentencing guidelines currently provide sentencing 
     enhancements.
       (6) Assure the guidelines adequately meet the purposes of 
     sentencing under section 3553(a)(2) of title 18, United 
     States Code.
       (c) Effective Date; Emergency Authority To Promulgate 
     Guidelines.--
       (1) Effective date.--Notwithstanding section 402, the 
     United States Sentencing Commission shall promulgate 
     guidelines under this section not later than the later of--
       (A) 90 days after the date of enactment of this Act; or
       (B) 90 days after the date on which at least a majority of 
     the members of the Commission are appointed and holding 
     office.
       (2) Emergency authority to promulgate guidelines.--The 
     Commission shall promulgate guidelines under this section in 
     accordance with the procedures set forth in section 21(a) of 
     the Sentencing Reform Act of 1987, as though the authority 
     under such Act has not expired.

     SEC. 317. INCREASE IN PENALTIES IMPOSED FOR VIOLATIONS OF 
                   CONDUIT CONTRIBUTION BAN.

       (a) Increase in Civil Money Penalty for Knowing and Willful 
     Violations.--Section 309(a) of the Federal Election Campaign 
     Act of 1971 (2 U.S.C. 437g(a)) is amended--
       (1) in paragraph (5)(B), by inserting before the period at 
     the end the following: ``(or, in the case of a violation of 
     section 320, which is not less than 300 percent of the amount 
     involved in the violation and is not more than the greater of 
     $50,000 or 1000 percent of the amount involved in the 
     violation)''; and
       (2) in paragraph (6)(C), by inserting before the period at 
     the end the following: ``(or, in the case of a violation of 
     section 320, which is not less than 300 percent of the amount 
     involved in the violation and is not more than the greater of 
     $50,000 or 1000 percent of the amount involved in the 
     violation)''.
       (b) Increase in Criminal Penalty.--Section 309(d)(1) of 
     such Act (2 U.S.C. 437g(d)(1)) is amended by adding at the 
     end the following new subparagraph:
       ``(D) Any person who knowingly and willfully commits a 
     violation of section 320 involving an amount aggregating more 
     than $10,000 during a calendar year shall be--
       ``(i) imprisoned for not more than 2 years if the amount is 
     less than $25,000 (and subject to imprisonment under 
     subparagraph (A) if the amount is $25,000 or more); or
       ``(ii) fined not less than 300 percent of the amount 
     involved in the violation and not more than the greater of--

       ``(I) $50,000; or
       ``(II) 1,000 percent of the amount involved in the 
     violation; or

       ``(iii) both imprisoned under clause (i) and fined under 
     clause (ii).''.
       (c) Effective Date.--The amendments made by this section 
     shall apply with respect to violations occurring on or after 
     the date of enactment of this Act.

     SEC. 318. RESTRICTION ON INCREASED CONTRIBUTION LIMITS BY 
                   TAKING INTO ACCOUNT CANDIDATE'S AVAILABLE 
                   FUNDS.

       Section 315(i)(1) of the Federal Election Campaign Act of 
     1971 (2 U.S.C. 441a(i)(1)), as added by this Act, is amended 
     by adding at the end the following:
       ``(E) Special rule for candidate's campaign funds.--
       ``(i) In general.--For purposes of determining the 
     aggregate amount of expenditures from personal funds under 
     subparagraph (D)(ii), such amount shall include the gross 
     receipts advantage of the candidate's authorized committee.
       ``(ii) Gross Receipts advantage.--For purposes of clause 
     (i), the term `gross receipts advantage' means the excess, if 
     any, of--

       ``(I) the aggregate amount of 50 percent of gross receipts 
     of a candidate's authorized committee during any election 
     cycle (not including contributions from personal funds of the 
     candidate) that may be expended in connection with the 
     election, as determined on

[[Page S3633]]

     June 30 and December 31 of the year preceding the year in 
     which a general election is held, over
       ``(II) the aggregate amount of 50 percent of gross receipts 
     of the opposing candidate's authorized committee during any 
     election cycle (not including contributions from personal 
     funds of the candidate) that may be expended in connection 
     with the election, as determined on June 30 and December 31 
     of the year preceding the year in which a general election is 
     held.

                 TITLE IV--SEVERABILITY; EFFECTIVE DATE

     SEC. 401. SEVERABILITY.

       If any provision of this Act or amendment made by this Act, 
     or the application of a provision or amendment to any person 
     or circumstance, is held to be unconstitutional, the 
     remainder of this Act and amendments made by this Act, and 
     the application of the provisions and amendment to any person 
     or circumstance, shall not be affected by the holding.

     SEC. 402. EFFECTIVE DATE.

       Except as otherwise provided in this Act, this Act and the 
     amendments made by this Act shall take effect 30 days after 
     the date of its enactment.

     SEC. 403. EXPEDITED REVIEW.

       (a) Expedited Review.--Any individual or organization that 
     would otherwise have standing to challenge a provision of, or 
     amendment made by, this Act may bring an action, in the 
     United States District Court for the District of Columbia, 
     for declaratory judgment and injunctive relief on the ground 
     that such provision or amendment violates the Constitution. 
     For purposes of the expedited review provided by this section 
     the exclusive venue for such an action shall be the United 
     States District Court for the District of Columbia.
       (b) Appeal to Supreme Court.--Notwithstanding any other 
     provision of law, any order or judgment of the United States 
     District Court for the District of Columbia finally disposing 
     of an action brought under subsection (a) shall be reviewable 
     by appeal directly to the Supreme Court of the United States. 
     Any such appeal shall be taken by a notice of appeal filed 
     within 10 calendar days after such order or judgment is 
     entered; and the jurisdictional statement shall be filed 
     within 30 calendar days after such order or judgment is 
     entered.
       (c) Expedited Consideration.--It shall be the duty of the 
     District Court for the District of Columbia and the Supreme 
     Court of the United States to advance on the docket and to 
     expedite to the greatest possible extent the disposition of 
     any matter brought under subsection (a).

               TITLE V--ADDITIONAL DISCLOSURE PROVISIONS

     SEC. 501. INTERNET ACCESS TO RECORDS.

       Section 304(a)(11)(B) of the Federal Election Campaign Act 
     of 1971 (2 U.S.C. 434(a)(11)(B)) is amended to read as 
     follows:
       ``(B) The Commission shall make a designation, statement, 
     report, or notification that is filed with the Commission 
     under this Act available for inspection by the public in the 
     offices of the Commission and accessible to the public on the 
     Internet not later than 48 hours (24 hours in the case of a 
     designation, statement, report, or notification filed 
     electronically) after receipt by the Commission.''.

     SEC. 502. MAINTENANCE OF WEBSITE OF ELECTION REPORTS.

       (a) In General.--The Federal Election Commission shall 
     maintain a central site on the Internet to make accessible to 
     the public all publicly available election-related reports 
     and information.
       (b) Election-related report.--In this section, the term 
     ``election-related report'' means any report, designation, or 
     statement required to be filed under the Federal Election 
     Campaign Act of 1971.
       (c) Coordination With Other Agencies.--Any Federal 
     executive agency receiving election-related information which 
     that agency is required by law to publicly disclose shall 
     cooperate and coordinate with the Federal Election Commission 
     to make such report available through, or for posting on, the 
     site of the Federal Election Commission in a timely manner.

     SEC. 503. ADDITIONAL MONTHLY AND QUARTERLY DISCLOSURE 
                   REPORTS.

       (a) Principal Campaign Committees.--
       (1) Monthly reports.--Section 304(a)(2)(A) of the Federal 
     Election Campaign Act of 1971 (2 U.S.C. 434(a)(2)(A)) is 
     amended by striking clause (iii) and inserting the following:
       ``(iii) additional monthly reports, which shall be filed 
     not later than the 20th day after the last day of the month 
     and shall be complete as of the last day of the month, except 
     that monthly reports shall not be required under this clause 
     in November and December and a year end report shall be filed 
     not later than January 31 of the following calendar year.''.
       (2) Quarterly reports.--Section 304(a)(2)(B) of such Act is 
     amended by striking ``the following reports'' and all that 
     follows through the period and inserting ``the treasurer 
     shall file quarterly reports, which shall be filed not later 
     than the 15th day after the last day of each calendar 
     quarter, and which shall be complete as of the last day of 
     each calendar quarter, except that the report for the quarter 
     ending December 31 shall be filed not later than January 31 
     of the following calendar year.''.
       (b) National Committee of a Political Party.--Section 
     304(a)(4) of the Federal Election Campaign Act of 1971 (2 
     U.S.C. 434(a)(4)) is amended by adding at the end the 
     following flush sentence: ``Notwithstanding the preceding 
     sentence, a national committee of a political party shall 
     file the reports required under subparagraph (B).''.
       (c) Conforming Amendments.--
       (1) Section 304.--Section 304(a) of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 434(a)) is amended--
       (A) in paragraph (3)(A)(ii), by striking ``quarterly 
     reports'' and inserting ``monthly reports''; and
       (B) in paragraph (8), by striking ``quarterly report under 
     paragraph (2)(A)(iii) or paragraph (4)(A)(i)'' and inserting 
     ``monthly report under paragraph (2)(A)(iii) or paragraph 
     (4)(A)''.
       (2) Section 309.--Section 309(b) of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 437g(b)) is amended by 
     striking ``calendar quarter'' and inserting ``month''.

     SEC. 504. PUBLIC ACCESS TO BROADCASTING RECORDS.

       Section 315 of the Communications Act of 1934 (47 U.S.C. 
     315), as amended by this Act, is amended by redesignating 
     subsections (e) and (f) as subsections (f) and (g), 
     respectively, and inserting after subsection (d) the 
     following:
       ``(e) Political Record.--
       ``(1) In general.--A licensee shall maintain, and make 
     available for public inspection, a complete record of a 
     request to purchase broadcast time that--
       ``(A) is made by or on behalf of a legally qualified 
     candidate for public office; or
       ``(B) communicates a message relating to any political 
     matter of national importance, including--
       ``(i) a legally qualified candidate;
       ``(ii) any election to Federal office; or
       ``(iii) a national legislative issue of public importance.
       ``(2) Contents of record.--A record maintained under 
     paragraph (1) shall contain information regarding--
       ``(A) whether the request to purchase broadcast time is 
     accepted or rejected by the licensee;
       ``(B) the rate charged for the broadcast time;
       ``(C) the date and time on which the communication is 
     aired;
       ``(D) the class of time that is purchased;
       ``(E) the name of the candidate to which the communication 
     refers and the office to which the candidate is seeking 
     election, the election to which the communication refers, or 
     the issue to which the communication refers (as applicable);
       ``(F) in the case of a request made by, or on behalf of, a 
     candidate, the name of the candidate, the authorized 
     committee of the candidate, and the treasurer of such 
     committee; and
       ``(G) in the case of any other request, the name of the 
     person purchasing the time, the name, address, and phone 
     number of a contact person for such person, and a list of the 
     chief executive officers or members of the executive 
     committee or of the board of directors of such person.
       ``(3) Time to maintain file.--The information required 
     under this subsection shall be placed in a political file as 
     soon as possible and shall be retained by the licensee for a 
     period of not less than 2 years.''.

                          ____________________