[Congressional Record (Bound Edition), Volume 147 (2001), Part 4]
[Senate]
[Pages 4926-4927]
[From the U.S. Government Publishing Office, www.gpo.gov]



                           TEXT OF AMENDMENTS

  SA 151.  Mrs. FEINSTEIN (for herself, Mr. Cochran, and Mr. Schumer) 
proposed an amendment to the bill S. 27, to amend the Federal Election 
Campaign Act of 1971 to provide bipartisan campaign reform; as follows:

       Strike all after the first word and insert the following:

     104. CLARITY IN CONTRIBUTION LIMITS.

       (a) Contribution Limits Applied on Election Cycle Basis.--
     Section 315(a)(1)(A) of the Federal Election Campaign Act of 
     1971 (2 U.S.C. 441a(a)(1)(A)) is amended to read as follows:
       ``(A) to any candidate and the candidate's authorized 
     political committee during the election cycle with respect to 
     any Federal office which, in the aggregate, exceeds 
     $4,000;''.
       (b) Individual Aggregate Contribution Limits Applied on 
     Election Cycle Basis.--Section 315(a)(3) of the Federal 
     Election Campaign Act of 1971 (2 U.S.C. 441a(a)(3)), as 
     amended by this Act, is amended to read as follows:
       ``(3) The aggregate contributions an individual may make--
       ``(A) to candidates or their authorized political 
     committees for any House election cycle shall not exceed 
     $30,000; or
       ``(B) to all political committees for any House election 
     cycle shall not exceed $35,000.
     For purposes of this paragraph, if any contribution is made 
     to a candidate for Federal office during a calendar year in 
     the election cycle for the office and no election is held 
     during that calendar year, the contribution shall be treated 
     as made in the first succeeding calendar year in the cycle in 
     which an election for the office is held.''.
       (c) 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 subsection (a)(1)(A), 
     (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) and (h), each amount increased under subparagraph 
     (B) 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) and (h), calendar 
     year 2001''.
       (d) Election Cycle Defined.--Section 301 of such Act (2 
     U.S.C. 431), as amended by section 101, is amended by adding 
     at the end the following:
       ``(25) Election cycles.--
       ``(A) Election cycle.--The term `election cycle' means, 
     with respect to a candidate, the period beginning on the day 
     after the date of the previous general election for the 
     specific office or seat that the candidate is seeking and 
     ending on the date of the general election for that office or 
     seat.
       ``(B) House election cycle.--The term `House election 
     cycle' means, the period of time determined under paragraph 
     (A) for a candidate seeking election to a seat in the House 
     of Representatives.''.
       (e) Special Rules.--Section 315(a) of such Act (2 U.S.C. 
     441a(a)) is amended by adding at the end the following:
       ``(9) For purposes of this subsection--
       ``(A) if there are more than 2 elections in an election 
     cycle for a specific Federal office, the limitation under 
     paragraph (1)(A) shall be increased by $2,000, for the number 
     of elections in excess of 2; and
       ``(B) if a candidate for President or Vice President is 
     prohibited from receiving contributions with respect to the 
     general election by reason of receiving funds under the 
     Internal Revenue Code of 1986, the limitation under paragraph 
     (1)(A) shall be decreased by $2,000.''.
       (f) Conforming Amendment.--Paragraph (6) of section 315(a) 
     of such Act (2 U.S.C. 441a(a)(6)) is amended to read as 
     follows:
       ``(6) For purposes of paragraph (9), all elections held in 
     any calendar year for the office of President of the United 
     States (except a general election for such office) shall be 
     considered to be one election.''.
       (g) Effective Date.--The amendments made by this section 
     shall apply to contributions made after the date of enactment 
     of this Act.

     SEC. __. 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, 
     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).''.
       (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.''.
                                  ____

  SA 152. Mr. DeWINE (for himself, Mr. Hatch, Mr. Hutchinson, Mr. 
Brownback, and Mr. Roberts) proposed an amendment to the bill S. 27, to 
amend the Federal Election Campaign Act of 1971 to provide bipartisan 
campaign reform; as follows:

       Beginning on page 12, strike line 14 and all that follows 
     through page 31, line 8.
                                  ____

  SA 153. Mr. SCHUMER proposed an amendment to the bill S. 27, to amend 
the Federal Election Campaign Act of 1971 to provide bipartisan 
campaign reform; as follows:

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

     SEC. __. 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

[[Page 4927]]

     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, 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).''.
       (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.''.
       (c) Severability.--If this section is held to be 
     unconstitutional, the remainder of this Act and amendments 
     made by this Act, and the application of the provisions and 
     amendments to any person or circumstance, shall not be 
     affected by the holding.
                                  ____

  SA 154. Mr. WARNER submitted an amendment intended to be proposed by 
him to the bill S. 27, to amend the Federal Election Campaign Act of 
1971 to provide bipartisan campaign reform; which was ordered to lie on 
the table; as follows:

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

     SEC. 305. ENCOURAGING SMALL CONTRIBUTIONS TO CONGRESSIONAL 
                   CANDIDATES.

       (a) General Rule.--Subpart A of part IV of subchapter A of 
     chapter 1 of the Internal Revenue Code of 1986 (relating to 
     nonrefundable personal credits) is amended by inserting after 
     section 25A the following:

     ``SEC. 25B. CONTRIBUTIONS TO CONGRESSIONAL CANDIDATES.

       ``(a) General Rule.--In the case of an individual, there 
     shall be allowed as a credit against the tax imposed by this 
     chapter for the taxable year an amount equal to the aggregate 
     amount of contributions made during the taxable year by the 
     individual to any congressional candidate.
       ``(b) Limitations.--
       ``(1) Maximum credit.--The credit allowed by subsection (a) 
     for any taxable year shall not exceed $100 ($200 in the case 
     of a joint return).
       ``(2) Adjusted gross income.--No credit shall be allowed 
     under subsection (a) for a taxable year if the taxpayer's 
     modified adjusted gross income (as defined in section 
     25A(d)(3)) exceeds $50,000 ($100,000 in the case of a joint 
     return).
       ``(3) Verification.--The credit allowed by subsection (a) 
     shall be allowed with respect to any contribution only if the 
     contribution is verified in such manner as the Secretary 
     shall prescribe by regulation.
       ``(c) Definitions.--In this section--
       ``(1) Candidate.--The term `candidate' has the meaning 
     given the term in section 301 of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 431).
       ``(2) Contribution.--The term `contribution' has the 
     meaning given the term in section 301 of the Federal Election 
     Campaign Act of 1971 (2 U.S.C. 431).
       ``(3) Congressional candidate.--The term `congressional 
     candidate' means a candidate in a primary, general, runoff, 
     or special election seeking nomination for election to, or 
     election to the Senate or the House of Representatives.
       (b) Conforming Amendments.--
       (1) Section 642 of the Internal Revenue Code of 1986 
     (relating to special rules for credits and deductions of 
     estates or trusts) is amended by adding at the end the 
     following:
       ``(j) Credit for Certain Contributions Not Allowed.--An 
     estate or trust shall not be allowed the credit against tax 
     provided by section 25B.''.
       (2) The table of sections for subpart A of part IV of 
     subchapter A of chapter 1 of such Code is amended by 
     inserting after the item relating to section 25A the 
     following new item:

``Sec. 25B. Contributions to congressional candidates.''.

       (c) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2001.

                          ____________________