[House Report 111-511]
[From the U.S. Government Publishing Office]


111th Congress                                                   Report
                        HOUSE OF REPRESENTATIVES
 2d Session                                                     111-511

======================================================================

 
   PROVIDING FOR CONSIDERATION OF THE BILL (H.R. 5175) TO AMEND THE 
FEDERAL ELECTION CAMPAIGN ACT OF 1971 TO PROHIBIT FOREIGN INFLUENCE IN 
   FEDERAL ELECTIONS, TO PROHIBIT GOVERNMENT CONTRACTORS FROM MAKING 
     EXPENDITURES WITH RESPECT TO SUCH ELECTIONS, AND TO ESTABLISH 
  ADDITIONAL DISCLOSURE REQUIREMENTS WITH RESPECT TO SPENDING IN SUCH 
                   ELECTIONS, AND FOR OTHER PURPOSES

                                _______
                                

   June 23, 2010.--Referred to the House Calendar and ordered to be 
                                printed

                                _______
                                

   Mr. McGovern, from the Committee on Rules, submitted the following

                              R E P O R T

                      [To accompany H. Res. 1468]

    The Committee on Rules, having had under consideration 
House Resolution 1468, by a nonrecord vote, report the same to 
the House with the recommendation that the resolution be 
adopted.

                SUMMARY OF PROVISIONS OF THE RESOLUTION

    The resolution provides for consideration of H.R. 5175, the 
``Democracy is Strengthened by Casting Light on Spending in 
Elections Act,'' under a structured rule. The resolution 
provides one hour of general debate equally divided and 
controlled by the chair and ranking minority member of the 
Committee on House Administration. The resolution waives all 
points of order against consideration of the bill except those 
arising under clause 9 or 10 of rule XXI. The resolution 
provides that the amendment in the nature of a substitute 
recommended by the Committee on House Administration, modified 
by the amendment printed in part A of this report, shall be 
considered as adopted and considered as read. The resolution 
waives all points of order against the bill, as amended. This 
waiver does not affect the point of order available under 
clause 9 of rule XXI (regarding earmark disclosure). The 
resolution further makes in order only those amendments printed 
in part B of this report. The amendments made in order may be 
offered only in the order printed in this report, may be 
offered only by a Member designated in this report, shall be 
considered as read, shall be debatable for the time specified 
in this report equally divided and controlled by the proponent 
and an opponent, shall not be subject to amendment, and shall 
not be subject to a demand for division of the question. All 
points of order against the amendments except for clauses 9 and 
10 of rule XXI are waived. The resolution provides that for 
those amendments reported from the Committee of the Whole, the 
question of their adoption shall be put to the House en gros 
and without demand for division of the question. The resolution 
provides one motion to recommit with or without instructions. 
The resolution provides that the Chair may entertain a motion 
that the Committee rise only if offered by the chair of the 
Committee on House Administration or his designee. The 
resolution provides that the Chair may not entertain a motion 
to strike out the enacting words of the bill. The resolution 
authorizes the Speaker to entertain motions that the House 
suspend the rules at any time through the legislative day of 
Friday, June 25, 2010. The Speaker or her designee shall 
consult with the Minority Leader or his designee on the 
designation of any matter for consideration pursuant to this 
resolution. The resolution waives clause 6(a) of rule XIII 
(requiring a two-thirds vote to consider a rule on the same day 
it is reported from the Rules Committee) against certain 
resolutions reported from the Rules Committee. The resolution 
applies the waiver to any resolution reported through the 
legislative day of Friday, June 25, 2010, providing for 
consideration or disposition of a measure that includes a 
subject matter addressed by H.R. 4213.

                         EXPLANATION OF WAIVERS

    Although the rule waives all points of order against 
consideration of the bill (except for clauses 9 and 10 of rule 
XXI) the Committee is not aware of any points of order. The 
waiver of all points of order is prophylactic. The waiver of 
all points of order against the bill, as amended, includes a 
waiver of clause 7 of rule XVI regarding germaneness and a 
waiver of clause 5(a) of rule XXI, prohibiting tax or tariff 
provisions in a bill not reported by a committee with 
jurisdiction over revenue measures.

                            COMMITTEE VOTES

    The results of each record vote on an amendment or motion 
to report, together with the names of those voting for and 
against, are printed below:

Rules Committee record vote No. 449

    Date: June 23, 2010.
    Measure: H.R. 5175.
    Motion by: Mr. Dreier.
    Summary of motion: To report an open rule.
    Results: Defeated 2-7.
    Vote by Members: McGovern--Nay; Hastings (FL)--Nay; 
Matsui--Nay; Arcuri--Nay; Perlmutter--Nay; Polis--Nay; Dreier--
Yea; Foxx--Yea; Slaughter--Nay.

Rules Committee record vote No. 450

    Date: June 23, 2010.
    Measure: H.R. 5175.
    Motion by: Mr. Dreier.
    Summary of motion: To provide 4 hours of general debate 
equally divided between the Chairman and Ranking Member of the 
Committee on House Administration.
    Results: Defeated 2-7.
    Vote by Members: McGovern--Nay; Hastings (FL)--Nay; 
Matsui--Nay; Arcuri--Nay; Perlmutter--Nay; Polis--Nay; Dreier--
Yea; Foxx--Yea; Slaughter--Nay.

Rules Committee record vote No. 451

    Date: June 23, 2010.
    Measure: H.R. 5175.
    Motion by: Mr. Dreier.
    Summary of motion: To make in order an amendment by Rep. 
Harper (MS), #25, which would provide that the Act shall become 
effective on January 1, 2011.
    Results: Defeated 2-7.
    Vote by Members: McGovern--Nay; Hastings (FL)--Nay; 
Matsui--Nay; Arcuri--Nay; Perlmutter--Nay; Polis--Nay; Dreier--
Yea; Foxx--Yea; Slaughter--Nay.

Rules Committee record vote No. 452

    Date: June 23, 2010.
    Measure: H.R. 5175.
    Motion by: Mr. Dreier.
    Summary of motion: To make in order and provide appropriate 
waivers for an amendment by Rep. Edwards (MD), #9, which would 
require 501(c)(4) entities to disclose if it receives more than 
15 percent in contributions from corporations or from donors 
that contribute more than $100,000.
    Results: Defeated 2-7.
    Vote by Members: McGovern--Nay; Hastings (FL)--Nay; 
Matsui--Nay; Arcuri--Nay; Perlmutter--Nay; Polis--Nay; Dreier--
Yea; Foxx--Yea; Slaughter--Nay.

Rules Committee record vote No. 453

    Date: June 23, 2010.
    Measure: H.R. 5175.
    Motion by: Mr. Dreier.
    Summary of motion: To make in order and provide appropriate 
waivers for an amendment by Rep. Smith (TX), #1, which would 
replace current Sec. 401 of the bill, relating to judicial 
review, with the text of the judicial review provision that was 
contained in the original McCain-Feingold campaign finance law 
(P.L. 107-155).
    Results: Defeated 2-6.
    Vote by Members: McGovern--Nay; Hastings (FL)--Nay; 
Matsui--Nay; Perlmutter--Nay; Polis--Nay; Dreier--Yea; Foxx--
Yea; Slaughter--Nay.

Rules Committee record vote No. 454

    Date: June 23, 2010.
    Measure: H.R. 5175.
    Motion by: Dr. Foxx.
    Summary of motion: To make in order and provide appropriate 
waivers for an amendment by Rep. Lungren (CA), #16, which would 
provide that the labor unions must certify no dues were 
received from foreign nationals prior to making political 
expenditures.
    Results: Defeated 2-7.
    Vote by Members: McGovern--Nay; Hastings (FL)--Nay; 
Matsui--Nay; Perlmutter--Nay; Pingree--Nay; Polis--Nay; 
Dreier--Yea; Foxx--Yea; Slaughter--Nay.

Rules Committee record vote No. 455

    Date: June 23, 2010.
    Measure: H.R. 5175.
    Motion by: Dr. Foxx.
    Summary of motion: To make in order and provide appropriate 
waivers for an amendment by Rep. Lungren (CA) and Rep. Gingrey 
(GA), #17, which would provide that the prohibition on 
expenditures by government contractors shall also apply to 
labor unions representing employees of those contractors.
    Results: Defeated 2-7.
    Vote by Members: McGovern--Nay; Hastings (FL)--Nay; 
Matsui--Nay; Perlmutter--Nay; Pingree--Nay; Polis--Nay; 
Dreier--Yea; Foxx--Yea; Slaughter--Nay.

Rules Committee record vote No. 456

    Date: June 23, 2010.
    Measure: H.R. 5175.
    Motion by: Dr. Foxx.
    Summary of motion: To make in order and provide appropriate 
waivers for an amendment by Reps. Lungren (CA) and Gingrey 
(GA), #22, which would provide that the prohibition on 
expenditures by government contractors shall also apply to 
labor unions having representational contracts with the 
government.
    Results: Defeated 2-7.
    Vote by Members: McGovern--Nay; Hastings (FL)--Nay; 
Matsui--Nay; Perlmutter--Nay; Pingree--Nay; Polis--Nay; 
Dreier--Yea; Foxx--Yea; Slaughter--Nay.

       SUMMARY OF AMENDMENT IN PART A TO BE CONSIDERED AS ADOPTED

    Would strike section 2 (the findings), clarify the 
coordination language (including clarifying the availability of 
the exception for communications appearing in the media), and 
permit domestic corporations to engage in certain campaign 
activities which corporations are generally permitted to engage 
in under current law (so long as the foreign parent does not 
fund or control the activities) and would modify the contract 
threshold for applying restrictions on campaign activity to 
Federal contractors.
    With respect to the disclosure requirements of title II of 
the bill: The amendment would exempt from the definition of 
``covered organization'' a class of organizations which are 
covered under section 501(c)(3) of the tax code and certain 
large and longstanding organizations covered under section 
501(c)(4) of the code. The amendment would clarify the 
conditions under which an organization would be required to 
meet the disclosure requirements because it is acting as a 
conduit for another organization which engages in campaign-
related activity. It would also clarify language relating to 
transfers between covered organizations and limit the 
situations under which certain transfers among and between 
affiliate organizations would trigger the disclosure 
requirements.
    The amendment would clarify the rules for determining which 
organizations must appear in disclaimer statements (the so-
called ``stand by your ad'' requirements) and apply these 
requirements to political committees which accept contributions 
which exceed the usual limits under law (the so-called ``Speech 
Now'' committees). The amendment would apply the standard 
inflation indexing rules under the Federal Election Campaign 
Act of 1971 to the various amounts established in the bill. 
Finally, the amendment would ensure that the disclosure 
requirements may be waived to protect individuals against 
threats, harassment, and reprisals, and clarify which persons 
have standing to file actions to challenge the 
constitutionality of the bill.

          SUMMARY OF AMENDMENTS IN PART B TO BE MADE IN ORDER

    1. Ackerman (NY): Would require covered organizations to 
report required disclosures to shareholders, members or donors 
in a ``clear and conspicuous manner.'' (10 minutes)
    2. King, Steve (IA): Would eliminate all limitations on 
federal election campaign contributions. (10 minutes)
    3. Kucinich (OH): Would clarify that the bill would 
prohibit those with leases on the Outer Continental Shelf from 
making campaign-related expenditures. (10 minutes)
    4. Pascrell (NJ), Perriello (VA), Grayson (FL): Would 
prohibit political expenditures by corporations with 
significant foreign government ownership and corporations that 
have a majority of shares owned by foreign nationals. (10 
minutes)
    5. Murphy, Patrick (PA): Would ensure that citizens know if 
special interests outside their district or state are trying to 
impact an election by enhancing advertisement disclaimers to 
include the city and state of the ad funder's residence or 
principle office. (10 minutes)

         PART A--TEXT OF AMENDMENT TO BE CONSIDERED AS ADOPTED

  Strike section 2.
  Page 13, line 13, strike ``Campaign Act'' and insert 
``Campaign Act of 1971''.
  Page 14, line 12, strike ``$7,000,000'' and insert 
``$10,000,000''.
  Page 18, strike lines 4 through 19 and insert the following:
  (c) No Effect on Certain Activities of Domestic 
Corporations.--Section 319 of such Act (2 U.S.C. 441e), as 
amended by subsection (b), is further amended by adding at the 
end the following new subsection:
  ``(d) No Effect on Certain Activities of Domestic 
Corporations.--
          ``(1) Separate segregated funds.--Nothing in this 
        section shall be construed to prohibit any corporation 
        which is not a foreign national described in paragraph 
        (1) of subsection (b) from establishing, administering, 
        and soliciting contributions to a separate segregated 
        fund under section 316(b)(2)(C), so long as none of the 
        amounts in the fund are provided by any foreign 
        national described in paragraph (1) or (2) of 
        subsection (b) and no foreign national described in 
        paragraph (1) or (2) of subsection (b) has the power to 
        direct, dictate, or control the establishment or 
        administration of the fund.
          ``(2) State and local elections.--Nothing in this 
        section shall be construed to prohibit any corporation 
        which is not a foreign national described in paragraph 
        (1) of subsection (b) from making a contribution or 
        donation in connection with a State or local election 
        to the extent permitted under State or local law, so 
        long as no foreign national described in paragraph (1) 
        or (2) of subsection (b) has the power to direct, 
        dictate, or control such contribution or donation.
          ``(3) Other permissible corporate contributions and 
        expenditures.--Nothing in this section shall be 
        construed to prohibit any corporation which is not a 
        foreign national described in paragraph (1) of 
        subsection (b) from carrying out any activity described 
        in subparagraph (A) or (B) of section 316(b)(2), so 
        long as none of the amounts used to carry out the 
        activity are provided by any foreign national described 
        in paragraph (1) or (2) of subsection (b) and no 
        foreign national described in paragraph (1) or (2) of 
        subsection (b) has the power to direct, dictate, or 
        control such activity.''.
  Page 19, strike line 22 and all that follows through page 20, 
line 10 and insert the following:
  ``(a) Coordinated Communications Defined.--
          ``(1) In general.--For purposes of this Act, the term 
        `coordinated communication' means--
                  ``(A) a covered communication which, subject 
                to subsection (c), is made in cooperation, 
                consultation, or concert with, or at the 
                request or suggestion of, a candidate, an 
                authorized committee of a candidate, or a 
                political committee of a political party; or
                  ``(B) any communication that republishes, 
                disseminates, or distributes, in whole or in 
                part, any broadcast or any written, graphic, or 
                other form of campaign material prepared by a 
                candidate, an authorized committee of a 
                candidate, or their agents.
          ``(2) Exception.--The term `coordinated 
        communication' does not include--
                  ``(A) a communication appearing in a news 
                story, commentary, or editorial distributed 
                through the facilities of any broadcasting 
                station, newspaper, magazine, or other 
                periodical publication, unless such facilities 
                are owned or controlled by any political party, 
                political committee, or candidate; or
                  ``(B) a communication which constitutes a 
                candidate debate or forum conducted pursuant to 
                the regulations adopted by the Commission to 
                carry out section 304(f)(3)(B)(iii), or which 
                solely promotes such a debate or forum and is 
                made by or on behalf of the person sponsoring 
                the debate or forum.''.
  Page 20, line 15, strike ``paragraph (2),'' and insert 
``paragraph (2) and with respect to the coordinated 
communication involved,''.
  Page 20, line 17, strike ``a clearly identified candidate for 
Federal office'' and insert ``the candidate described in 
subsection (a)(1)(A) or an opponent of such candidate''.
  Page 22, strike lines 3 through 18.
  Page 22, line 22, strike ``may not be considered'' and insert 
``shall not be considered''.
   Page 23, line 1, strike ``a person provided information to'' 
and insert ``a person or an agent thereof engaged in 
discussions with''.
   Page 23, line 6, strike ``regarding the candidate's campaign 
for election for Federal office'' and insert ``regarding the 
candidate's campaign plans, projects, activities, or needs''.
  Amend section 201(b) to read as follows:
  (b) Uniform 24-Hour Reporting For Persons Making Independent 
Expenditures Exceeding $10,000 at Any Time.--Section 304(g) of 
such Act (2 U.S.C. 434(g)) is amended by striking paragraphs 
(1) and (2) and inserting the following:
          ``(1) Independent expenditures exceeding threshold 
        amount.--
                  ``(A) Initial report.--A person (including a 
                political committee) that makes or contracts to 
                make independent expenditures in an aggregate 
                amount equal to or greater than the threshold 
                amount described in subparagraph (C) shall 
                electronically file a report describing the 
                expenditures within 24 hours.
                  ``(B) Additional reports.--After a person 
                files a report under subparagraph (A), the 
                person shall electronically file an additional 
                report within 24 hours after each time the 
                person makes or contracts to make independent 
                expenditures in an aggregate amount equal to or 
                greater than the threshold amount with respect 
                to the same election as that to which the 
                initial report relates.
                  ``(C) Threshold amount described.--In this 
                paragraph, the `threshold amount' means--
                          ``(i) during the period up to and 
                        including the 20th day before the date 
                        of an election, $10,000; or
                          ``(ii) during the period after the 
                        20th day, but more than 24 hours, 
                        before the date of an election, $1,000.
          ``(2) Public availability.--Notwithstanding any other 
        provision of this section, the Commission shall ensure 
        that the information required to be disclosed under 
        this subsection is publicly available through the 
        Commission website not later than 24 hours after 
        receipt in a manner that is downloadable in bulk and 
        machine readable.''.
  Page 30, strike lines 11 through 21.
  Page 30, line 22, strike ``(c)'' and insert ``(b)''.
  Page 32, line 21, strike ``the following information:'' and 
insert ``the following information (subject to subparagraph 
(B)(iv)):''.
   Page 35, line 10, strike ``For purposes'' and insert 
``Subject to clause (iii), for purposes''.
  Page 36, line 7, strike ``or any other person who'' and 
insert ``which''.
  Page 36, line 12, strike ``person'' and insert ``covered 
organization''.
  Page 36, line 16, strike ``person'' and insert ``covered 
organization''.
  Page 36, line 21, strike ``or does so''.
  Page 37, line 2, strike ``person'' and insert ``covered 
organization''.
  Page 37, strike lines 5 through 24 and insert the following:
                                          ``(cc) the covered 
                                        organization and the 
                                        person to whom the 
                                        amounts were 
                                        transferred engaged in 
                                        written or oral 
                                        discussion regarding 
                                        the person either 
                                        making, or paying for, 
                                        any public independent 
                                        expenditure, or 
                                        donating or 
                                        transferring the 
                                        amounts to another 
                                        person for that 
                                        purpose;
                                          ``(dd) the covered 
                                        organization which 
                                        transferred the funds 
                                        knew or had reason to 
                                        know that the person to 
                                        whom the amounts were 
                                        transferred intended to 
                                        make public independent 
                                        expenditures; or
                                          ``(ee) the covered 
                                        organization which 
                                        transferred the funds 
                                        or the person to whom 
                                        the amounts were 
                                        transferred made one or 
                                        more public independent 
                                        expenditures in an 
                                        aggregate amount of 
                                        $50,000 or more during 
                                        the 2-year period which 
                                        ends on the date on 
                                        which the amounts were 
                                        transferred.''.
  Page 38, strike lines 1 through 12 and insert the following:
                                  ``(II) The covered 
                                organization shall not be 
                                deemed to have transferred the 
                                amounts for the purpose of 
                                making a public independent 
                                expenditure if--
                                          ``(aa) the transfer 
                                        was a commercial 
                                        transaction occurring 
                                        in the ordinary course 
                                        of business between the 
                                        covered organization 
                                        and the person to whom 
                                        the amounts were 
                                        transferred, unless 
                                        there is affirmative 
                                        evidence that the 
                                        amounts were 
                                        transferred for the 
                                        purpose of making a 
                                        public independent 
                                        expenditure; or
                                          ``(bb) the covered 
                                        organization and the 
                                        person to whom the 
                                        amounts were 
                                        transferred mutually 
                                        agreed (as provided in 
                                        section 325(b)(1)) that 
                                        the person will not use 
                                        the amounts for 
                                        campaign-related 
                                        activity.''.
   Page 38, insert after line 12 the following:
                          ``(iii) Special rule regarding 
                        transfers among affiliates.--
                                  ``(I) Special rule.--In the 
                                case of an amount transferred 
                                by one covered organization to 
                                another covered organization 
                                which is treated as a transfer 
                                between affiliates under 
                                subclause (II), clause (i) and 
                                (ii) shall apply to the covered 
                                organization which transfers 
                                the amount only if the 
                                aggregate amount transferred 
                                during the year by such covered 
                                organization to that same 
                                covered organization is equal 
                                to or greater than $50,000.
                                  ``(II) Description of 
                                transfers between affiliates.--
                                A transfer of amounts from one 
                                covered organization to another 
                                covered organization shall be 
                                treated as a transfer between 
                                affiliates if--
                                          ``(aa) one of the 
                                        organizations is an 
                                        affiliate of the other 
                                        organization; or
                                          ``(bb) each of the 
                                        organizations is an 
                                        affiliate of the same 
                                        organization,
                                except that the transfer shall 
                                not be treated as a transfer 
                                between affiliates if one of 
                                the organizations is 
                                established for the purpose of 
                                disbursing funds for campaign-
                                related activity.
                                  ``(III) Determination of 
                                affiliate status.--For purposes 
                                of subclause (II), a covered 
                                organization is an affiliate of 
                                another covered organization 
                                if--
                                          ``(aa) the governing 
                                        instrument of the 
                                        organization requires 
                                        it to be bound by 
                                        decisions of the other 
                                        organization;
                                          ``(bb) the governing 
                                        board of the 
                                        organization includes 
                                        persons who are 
                                        specifically designated 
                                        representatives of the 
                                        other organization or 
                                        are members of the 
                                        governing board, 
                                        officers, or paid 
                                        executive staff members 
                                        of the other 
                                        organization, or whose 
                                        service on the 
                                        governing board is 
                                        contingent upon the 
                                        approval of the other 
                                        organization; or
                                          ``(cc) the 
                                        organization is 
                                        chartered by the other 
                                        organization.
                                  ``(IV) Coverage of transfers 
                                to affiliated section 501(c)(3) 
                                organizations.--This clause 
                                shall apply with respect to an 
                                amount transferred by a covered 
                                organization to an organization 
                                described in paragraph (3) of 
                                section 501(c) of the Internal 
                                Revenue Code of 1986 and exempt 
                                from tax under section 501(a) 
                                of such Code in the same manner 
                                as this clause applies to an 
                                amount transferred by a covered 
                                organization to another covered 
                                organization.
                          ``(iv) Special threshold for 
                        disclosure of donors.--Notwithstanding 
                        clause (i) or (ii) of subparagraph (A), 
                        if a covered organization is required 
                        to include the identification of a 
                        person described in such clause in a 
                        report filed under this subsection 
                        because the covered organization is 
                        deemed (in accordance with clause (ii)) 
                        to have transferred amounts for the 
                        purpose of making a public independent 
                        expenditure, the organization shall 
                        include the identification of the 
                        person only if the person made 
                        donations or payments (in the case of a 
                        person described in clause (i)(I) of 
                        subparagraph (A)) or unrestricted donor 
                        payments (in the case of a person 
                        described in clause (ii) of 
                        subparagraph (A)) to the covered 
                        organization during the covered 
                        organization reporting period involved 
                        in an aggregate amount equal to or 
                        exceeding $10,000.
                          ``(v) Waiver of requirement to file 
                        report.--Notwithstanding clause (i), a 
                        covered organization which is 
                        considered to have made a public 
                        independent expenditure under such 
                        clause shall not be required to file a 
                        report under this subsection if--
                                  ``(I) the organization would 
                                be required to file the report 
                                solely because the organization 
                                is deemed (in accordance with 
                                clause (ii)) to have 
                                transferred amounts for the 
                                purpose of making a public 
                                independent expenditure;
                                  ``(II) no person made 
                                donations or payments (in the 
                                case of a person described in 
                                clause (i)(I) of subparagraph 
                                (A)) or unrestricted donor 
                                payments (in the case of a 
                                person described in clause (ii) 
                                of subparagraph (A)) to the 
                                covered organization during the 
                                covered organization reporting 
                                period involved in an aggregate 
                                amount equal to or exceeding 
                                $10,000; and
                                  ``(III) all of the persons 
                                who made donations or payments 
                                (in the case of a person 
                                described in clause (i)(I) of 
                                subparagraph (A)) or 
                                unrestricted donor payments (in 
                                the case of a person described 
                                in clause (ii) of subparagraph 
                                (A)) to the covered 
                                organization during the covered 
                                organization reporting period 
                                in any amount were 
                                individuals.''.
  Page 39, insert after line 17 the following:
                  ``(E) Determination of amount of certain 
                payments among affiliates.--For purposes of 
                determining the amount of any donation, 
                payment, or transfer under this subsection 
                which is made by a covered organization to 
                another covered organization which is an 
                affiliate of the covered organization or each 
                of which is an affiliate of the same 
                organization (as determined in accordance with 
                subparagraph (B)(iii)), to the extent that the 
                donation, payment, or transfer consists of 
                funds attributable to dues, fees, or 
                assessments which are paid by individuals on a 
                regular, periodic basis in accordance with a 
                per-individual calculation which is made on a 
                regular basis, the donation, payment, or 
                transfer shall be attributed to the individuals 
                paying the dues, fees, or assessments and shall 
                not be attributed to the covered 
                organization.''.
   Page 39, line 18, strike ``(E)'' and insert ``(F)''.
   Page 40, line 18, strike ``(F)'' and insert ``(G)''.
  Page 40, line 22, strike the period and insert the following: 
``, other than a corporation which is an organization described 
in paragraph (3) of section 501(c) of the Internal Revenue Code 
of 1986 and exempt from tax under section 501(a) of such 
Code.''.
  Page 41, line 5, strike the period and insert the following: 
``, other than an exempt section 501(c)(4) organization (as 
defined in section 301(27)).''.
   Page 41, line 10, strike ``(G)'' and insert ``(H)''.
  Page 42, line 9, strike ``the following information:'' and 
insert ``the following information (subject to subparagraph 
(B)(iv)):''.
  Page 43, strike line 18 and all that follows through page 44, 
line 16, and insert the following:
                                  ``(I) in an aggregate amount 
                                equal to or exceeding $1,000 
                                during such period, if the 
                                organization made any of the 
                                disbursements which are 
                                described in subclause (II) 
                                from a source other than the 
                                organization's Campaign-Related 
                                Activity Account under section 
                                326; or
                                  ``(II) in an aggregate amount 
                                equal to or exceeding $10,000 
                                during such period, if the 
                                organization made from its 
                                Campaign-Related Activity 
                                Account under section 326 all 
                                of its disbursements for 
                                electioneering communications 
                                during such period which are, 
                                on the basis of a reasonable 
                                belief by the organization, 
                                subject to treatment as 
                                disbursements for an exempt 
                                function for purposes of 
                                section 527(f) of the Internal 
                                Revenue Code of 1986 (but only 
                                if the organization has made 
                                deposits described in 
                                subparagraph (D) of section 
                                326(a)(2) into that Account 
                                during such period in an 
                                aggregate amount equal to or 
                                greater than $10,000),''.
   Page 44, line 24, strike ``For purposes'' and insert 
``Subject to clause (iii), for purposes''.
  Page 45, line 21, strike ``or any other person who'' and 
insert ``which''.
  Page 46, line 1, strike ``person'' and insert ``covered 
organization''.
  Page 46, line 5, strike ``person'' and insert ``covered 
organization''.
  Page 46, line 10, strike ``or does so''.
  Page 46, line 15, strike ``person'' and insert ``covered 
organization''.
  Page 46, strike line 18 and all that follows through page 47, 
line 13 and insert the following:
                                          ``(cc) the covered 
                                        organization and the 
                                        person to whom the 
                                        amounts were 
                                        transferred engaged in 
                                        written or oral 
                                        discussion regarding 
                                        the person either 
                                        making, or paying for, 
                                        any electioneering 
                                        communication, or 
                                        donating or 
                                        transferring the 
                                        amounts to another 
                                        person for that 
                                        purpose;
                                          ``(dd) the covered 
                                        organization which 
                                        transferred the funds 
                                        knew or had reason to 
                                        know that the person to 
                                        whom the amounts were 
                                        transferred intended to 
                                        make electioneering 
                                        communications; or
                                          ``(ee) the covered 
                                        organization which 
                                        transferred the funds 
                                        or the person to whom 
                                        the amounts were 
                                        transferred made one or 
                                        more electioneering 
                                        communications in an 
                                        aggregate amount of 
                                        $50,000 or more during 
                                        the 2-year period which 
                                        ends on the date on 
                                        which the amounts were 
                                        transferred.''.
  Page 47, strike lines 14 through 25 and insert the following:
                                  ``(II) The covered 
                                organization shall not be 
                                deemed to have transferred the 
                                amounts for the purpose of 
                                making an electioneering 
                                communication if--
                                          ``(aa) the transfer 
                                        was a commercial 
                                        transaction occurring 
                                        in the ordinary course 
                                        of business between the 
                                        covered organization 
                                        and the person to whom 
                                        the amounts were 
                                        transferred, unless 
                                        there is affirmative 
                                        evidence that the 
                                        amounts were 
                                        transferred for the 
                                        purpose of making an 
                                        electioneering 
                                        communication; or
                                          ``(bb) the covered 
                                        organization and the 
                                        person to whom the 
                                        amounts were 
                                        transferred mutually 
                                        agreed (as provided in 
                                        section 325(b)(1)) that 
                                        the person will not use 
                                        the amounts for 
                                        campaign-related 
                                        activity.''.
   Page 47, add after line 25 the following:
                          ``(iii) Special rule regarding 
                        transfers among affiliates.--
                                  ``(I) Special rule.--In the 
                                case of an amount transferred 
                                by one covered organization to 
                                another covered organization 
                                which is treated as a transfer 
                                between affiliates under 
                                subclause (II), clause (i) and 
                                (ii) shall apply to the covered 
                                organization which transfers 
                                the amount only if the 
                                aggregate amount transferred 
                                during the year by such covered 
                                organization to that same 
                                covered organization is equal 
                                to or greater than $50,000.
                                  ``(II) Description of 
                                transfers between affiliates.--
                                A transfer of amounts from one 
                                covered organization to another 
                                covered organization shall be 
                                treated as a transfer between 
                                affiliates if--
                                          ``(aa) one of the 
                                        organizations is an 
                                        affiliate of the other 
                                        organization; or
                                          ``(bb) each of the 
                                        organizations is an 
                                        affiliate of the same 
                                        organization,
                                except that the transfer shall 
                                not be treated as a transfer 
                                between affiliates if one of 
                                the organizations is 
                                established for the purpose of 
                                disbursing funds for campaign-
                                related activity.
                                  ``(III) Determination of 
                                affiliate status.--For purposes 
                                of subclause (II), a covered 
                                organization is an affiliate of 
                                another covered organization 
                                if--
                                          ``(aa) the governing 
                                        instrument of the 
                                        organization requires 
                                        it to be bound by 
                                        decisions of the other 
                                        organization;
                                          ``(bb) the governing 
                                        board of the 
                                        organization includes 
                                        persons who are 
                                        specifically designated 
                                        representatives of the 
                                        other organization or 
                                        are members of the 
                                        governing board, 
                                        officers, or paid 
                                        executive staff members 
                                        of the other 
                                        organization, or whose 
                                        service on the 
                                        governing board is 
                                        contingent upon the 
                                        approval of the other 
                                        organization; or
                                          ``(cc) the 
                                        organization is 
                                        chartered by the other 
                                        organization.
                                  ``(IV) Coverage of transfers 
                                to affiliated section 501(c)(3) 
                                organizations.--This clause 
                                shall apply with respect to an 
                                amount transferred by a covered 
                                organization to an organization 
                                described in paragraph (3) of 
                                section 501(c) of the Internal 
                                Revenue Code of 1986 and exempt 
                                from tax under section 501(a) 
                                of such Code in the same manner 
                                as this clause applies to an 
                                amount transferred by a covered 
                                organization to another covered 
                                organization.
                          ``(iv) Special threshold for 
                        disclosure of donors.--Notwithstanding 
                        clause (i) or (ii) of subparagraph (A), 
                        if a covered organization is required 
                        to include the identification of a 
                        person described in such clause in a 
                        statement filed under this subsection 
                        because the covered organization is 
                        deemed (in accordance with clause (ii)) 
                        to have transferred amounts for the 
                        purpose of making an electioneering 
                        communication, the organization shall 
                        include the identification of the 
                        person only if the person made 
                        donations or payments (in the case of a 
                        person described in clause (i)(I) of 
                        subparagraph (A)) or unrestricted donor 
                        payments (in the case of a person 
                        described in clause (ii) of 
                        subparagraph (A)) to the covered 
                        organization during the covered 
                        organization reporting period involved 
                        in an aggregate amount equal to or 
                        exceeding $10,000.
                          ``(v) Waiver of requirement to file 
                        statement.--Notwithstanding clause (i), 
                        a covered organization which is 
                        considered to have made a disbursement 
                        for an electioneering communication 
                        under such clause shall not be required 
                        to file a report under this subsection 
                        if--
                                  ``(I) the organization would 
                                be required to file the report 
                                solely because the organization 
                                is deemed (in accordance with 
                                clause (ii)) to have 
                                transferred amounts for the 
                                purpose of making an 
                                electioneering communication;
                                  ``(II) no person made 
                                donations or payments (in the 
                                case of a person described in 
                                clause (i)(I) of subparagraph 
                                (A)) or unrestricted donor 
                                payments (in the case of a 
                                person described in clause (ii) 
                                of subparagraph (A)) to the 
                                covered organization during the 
                                covered organization reporting 
                                period involved in an aggregate 
                                amount equal to or exceeding 
                                $10,000; and
                                  ``(III) all of the persons 
                                who made donations or payments 
                                (in the case of a person 
                                described in clause (i)(I) of 
                                subparagraph (A)) or 
                                unrestricted donor payments (in 
                                the case of a person described 
                                in clause (ii) of subparagraph 
                                (A)) to the covered 
                                organization during the covered 
                                organization reporting period 
                                in any amount were 
                                individuals.''.
   Page 48, insert after line 23 the following:
                  ``(D) Determination of amount of certain 
                payments among affiliates.--For purposes of 
                determining the amount of any donation, 
                payment, or transfer under this subsection 
                which is made by a covered organization to 
                another covered organization which is an 
                affiliate of the covered organization or each 
                of which is an affiliate of the same 
                organization (as determined in accordance with 
                subparagraph (B)(iii)), to the extent that the 
                donation, payment, or transfer consists of 
                funds attributable to dues, fees, or 
                assessments which are paid by individuals on a 
                regular, periodic basis in accordance with a 
                per-individual calculation which is made on a 
                regular basis, the donation, payment, or 
                transfer shall be attributed to the individuals 
                paying the dues, fees, or assessments and shall 
                not be attributed to the covered 
                organization.''.
   Page 48, line 24, strike ``(D)'' and insert ``(E)''.
   Page 50, line 1, strike ``(E)'' and insert ``(F)''.
  Page 50, line 5, strike the period and insert the following: 
``, other than a corporation which is an organization described 
in paragraph (3) of section 501(c) of the Internal Revenue Code 
of 1986 and exempt from tax under section 501(a) of such 
Code.''.
  Page 50, line 12, strike the period and insert the following: 
``, other than an exempt section 501(c)(4) organization (as 
defined in section 301(27)).''.
   Page 50, line 17, strike ``(F)'' and insert ``(G)''.
  Page 50, line 21, strike ``Section 304(2)'' and insert 
``Section 304(f)(2)''.
  Page 51, insert after line 2 the following:
  (c) Exemption of Certain Section 501(c)(4) Organizations.--
Section 301 of such Act (2 U.S.C. 431) is amended by adding at 
the end the following:
          ``(27) Exempt section 501(c)(4) organization.--The 
        term `exempt section 501(c)(4) organization' means, 
        with respect to disbursements made by an organization 
        during a calendar year, an organization for which the 
        chief executive officer of the organization certifies 
        to the Commission (prior to the first disbursement made 
        by the organization during the year) that each of the 
        following applies:
                  ``(A) The organization is described in 
                paragraph (4) of section 501(c) of the Internal 
                Revenue Code of 1986 and exempt from tax under 
                section 501(a) of such Code, and was so 
                described and so exempt during each of the 10 
                previous calendar years.
                  ``(B) The organization has at least 500,000 
                individuals who paid membership dues during the 
                previous calendar year (determined as of the 
                last day of that year).
                  ``(C) The dues-paying membership of the 
                organization includes at least one individual 
                from each State. For purposes of this 
                subparagraph, the term `State' means each of 
                the several States, the District of Columbia, 
                and the Commonwealth of Puerto Rico.
                  ``(D) During the previous calendar year, the 
                portion of funds provided to the organization 
                by corporations (as described in section 316) 
                or labor organizations (as defined in section 
                316), other than funds provided pursuant to 
                commercial transactions occurring in the 
                ordinary course of business, did not exceed 15 
                percent of the total amount of all funds 
                provided to the organization from all sources.
                  ``(E) The organization does not use any of 
                the funds provided to the organization by 
                corporations (as described in section 316) or 
                labor organizations (as defined in section 316) 
                for campaign-related activity (as defined in 
                section 325).''.
   Page 55, line 4, strike ``that were restricted'' and insert 
``that were subject to a mutual agreement (as provided in 
subsection (b)(1)) that the organization will not use the funds 
for campaign-related activity''.
  Page 55, line 22, strike the period and insert the following: 
``, other than a corporation which is an organization described 
in paragraph (3) of section 501(c) of the Internal Revenue Code 
of 1986 and exempt from tax under section 501(a) of such 
Code.''.
  Page 56, line 4, strike the period and insert the following: 
``, other than an exempt section 501(c)(4) organization (as 
defined in section 301(27)).''.
   Page 56, line 17, strike ``any other person, or (in 
accordance with subparagraph (B))'' and insert ``any other 
person (subject to subparagraph (C)), or (in accordance with 
subparagraph (B) and subject to subparagraph (C))''.
   Page 57, line 3, strike ``any other person, or (in 
accordance with subparagraph (B))'' and insert ``any other 
person (subject to subparagraph (C)), or (in accordance with 
subparagraph (B) and subject to subparagraph (C))''.
  Page 57, line 13, strike ``one person'' and insert ``a 
covered organization''.
  Page 57, line 23, strike ``person'' and insert ``covered 
organization''.
  Page 58, line 3, strike ``or does so''.
  Page 58, line 8, strike ``person'' and insert ``covered 
organization''.
  Page 58, strike line 12 and all that follows through page 59, 
line 7 and insert the following:
                                  ``(III) the covered 
                                organization and the person to 
                                whom the amounts were 
                                transferred engaged in written 
                                or oral discussion regarding 
                                the person either making, or 
                                paying for, such independent 
                                expenditures or electioneering 
                                communications, or donating or 
                                transferring the amounts to 
                                another person for that 
                                purpose;
                                  ``(IV) the covered 
                                organization which transferred 
                                the funds knew or had reason to 
                                know that the person to whom 
                                the amounts were transferred 
                                intended to make such 
                                independent expenditures or 
                                electioneering communications; 
                                or
                                  ``(V) the covered 
                                organization which transferred 
                                the funds or the person to whom 
                                the amounts were transferred 
                                made one or more such 
                                independent expenditures or 
                                electioneering communications 
                                in an aggregate amount of 
                                $50,000 or more during the 2-
                                year period which ends on the 
                                date on which the amounts were 
                                transferred.''.
  Page 59, strike lines 8 through 19 and insert the following:
                          ``(ii) The transfer shall not be 
                        deemed to have been made for the 
                        purpose of making such an independent 
                        expenditure or an electioneering 
                        communication if--
                                  ``(I) the transfer was a 
                                commercial transaction 
                                occurring in the ordinary 
                                course of business between the 
                                covered organization and the 
                                person to whom the amounts were 
                                transferred, unless there is 
                                affirmative evidence that the 
                                amounts were transferred for 
                                the purpose of making such an 
                                independent expenditure or 
                                electioneering communication; 
                                or
                                  ``(II) the covered 
                                organization and the person to 
                                whom the amounts were 
                                transferred mutually agreed (as 
                                provided in subsection (b)(1)) 
                                that the person will not use 
                                the amounts for campaign-
                                related activity.''.
   Page 59, insert after line 19 the following:
                  ``(C) Special rule regarding transfers among 
                affiliates.--
                          ``(i) Special rule.--In the case of a 
                        transfer of an amount by one covered 
                        organization to another covered 
                        organization which is treated as a 
                        transfer between affiliates under 
                        clause (ii), subparagraphs (A) and (B) 
                        shall apply to the transfer only if the 
                        aggregate amount transferred during the 
                        year by such covered organization to 
                        that same covered organization is equal 
                        to or greater than $50,000.
                          ``(ii) Determination of amount of 
                        certain transfers among affiliates.--In 
                        determining the amount of a transfer 
                        between affiliates for purposes of 
                        clause (I), to the extent that the 
                        transfer consists of funds attributable 
                        to dues, fees, or assessments which are 
                        paid by individuals on a regular, 
                        periodic basis in accordance with a 
                        per-individual calculation which is 
                        made on a regular basis, the transfer 
                        shall be attributed to the individuals 
                        paying the dues, fees, or assessments 
                        and shall not be attributed to the 
                        covered organization.
                          ``(iii) Description of transfers 
                        between affiliates.--A transfer of 
                        amounts from one covered organization 
                        to another covered organization shall 
                        be treated as a transfer between 
                        affiliates if--
                                  ``(I) one of the 
                                organizations is an affiliate 
                                of the other organization; or
                                  ``(II) each of the 
                                organizations is an affiliate 
                                of the same organization,
                        except that the transfer shall not be 
                        treated as a transfer between 
                        affiliates if one of the organizations 
                        is established for the purpose of 
                        disbursing funds for campaign-related 
                        activity.
                          ``(iv) Determination of affiliate 
                        status.--For purposes of clause (ii), a 
                        covered organization is an affiliate of 
                        another covered organization if--
                                  ``(I) the governing 
                                instrument of the organization 
                                requires it to be bound by 
                                decisions of the other 
                                organization;
                                  ``(II) the governing board of 
                                the organization includes 
                                persons who are specifically 
                                designated representatives of 
                                the other organization or are 
                                members of the governing board, 
                                officers, or paid executive 
                                staff members of the other 
                                organization, or whose service 
                                on the governing board is 
                                contingent upon the approval of 
                                the other organization; or
                                  ``(III) the organization is 
                                chartered by the other 
                                organization.
                          ``(v) Coverage of transfers to 
                        affiliated section 501(c)(3) 
                        organizations.--This subparagraph shall 
                        apply with respect to an amount 
                        transferred by a covered organization 
                        to an organization described in 
                        paragraph (3) of section 501(c) of the 
                        Internal Revenue Code of 1986 and 
                        exempt from tax under section 501(a) of 
                        such Code in the same manner as this 
                        subparagraph applies to an amount 
                        transferred by a covered organization 
                        to another covered organization.''.
  Page 60, line 12, strike ``Title III'' and insert the 
following:
  (a) In General.--Title III
  Page 61, line 10, strike ``Account.'' and insert the 
following: ``Account, other than disbursements for campaign-
related activity which, on the basis of a reasonable belief by 
the organization, would not be treated as disbursements for an 
exempt function for purposes of section 527(f) of the Internal 
Revenue Code of 1986.''.
  Page 63, line 10, strike ``and if any person'' and all that 
follows through ``campaign-related activity,'' and insert the 
following: ``and if the organization and any such person have 
mutually agreed (as provided in section 325(b)(1)) that the 
organization will not use the person's donation, payment, or 
transfer for campaign-related activity,''.
  Page 63, line 18, strike ``payment.'' and insert ``payment 
which is subject to the mutual agreement.''.
  Page 64, line 2, strike the period and insert the following: 
``, other than a corporation which is an organization described 
in paragraph (3) of section 501(c) of the Internal Revenue Code 
of 1986 and exempt from tax under section 501(a) of such 
Code.''.
  Page 64, line 8, strike the period and insert the following: 
``, other than an exempt section 501(c)(4) organization (as 
defined in section 301(27)).''.
  Page 64, after line 14, insert the following:
  (b) Clarification of Treatment as Separate Segregated Fund.--
A Campaign-Related Activity Account (within the meaning of 
section 326 of the Federal Election Campaign Act of 1971, as 
added by subsection (a)) may be treated as a separate 
segregated fund for purposes of section 527(f)(3) of the 
Internal Revenue Code of 1986.
  Page 65, line 12, strike ``which makes only electioneering 
communications or independent expenditures consisting of public 
communications'' and insert ``which is described in subsection 
(e)(7)(B)''.
  Page 66, line 3, strike ``which makes only electioneering 
communications or independent expenditures consisting of public 
communications'' and insert ``which is described in paragraph 
(7)(B)''.
  Page 70, line 12, strike ``section 304'' and insert ``section 
304 during the 12-month period which ends on the date of the 
disbursement''.
  Page 71, line 1, strike ``section 304'' and insert ``section 
304 during the 12-month period which ends on the date of the 
disbursement''.
  Page 71, line 17, strike ``section 304'' and insert ``section 
304 during the 12-month period which ends on the date of the 
disbursement''.
   Page 71, line 20, strike ``which was'' and insert ``in an 
amount equal to or exceeding $10,000 which was''.
  Page 72, line 8, strike ``section 304'' and insert ``section 
304 during the 12-month period which ends on the date of the 
disbursement''.
   Page 72, line 12, strike ``which was'' and insert ``in an 
amount equal to or exceeding $10,000 which was''.
   Page 72, line 19, strike ``304(g)(5)(A)(ii)),'' and insert 
``302(g)(5)(A)(ii)) in an amount equal to or exceeding 
$10,000,''.
  Page 73, line 11, strike ``section 304'' and insert ``section 
304 during the 12-month period which ends on the date of the 
disbursement''.
  Page 74, line 1, strike ``section 304'' and insert ``section 
304 during the 12-month period which ends on the date of the 
disbursement''.
  Page 74, line 17, strike ``section 304'' and insert ``section 
304 during the 12-month period which ends on the date of the 
disbursement''.
   Page 74, line 20, strike ``which was'' and insert ``in an 
amount equal to or exceeding $10,000 which was''.
  Page 75, line 9, strike ``section 304'' and insert ``section 
304 during the 12-month period which ends on the date of the 
disbursement''.
   Page 75, line 11, strike ``which was'' and insert ``in an 
amount equal to or exceeding $10,000 which was''.
   Page 75, line 20, strike ``304(f)(6)(A)(ii)),'' and insert 
``304(f)(6)(A)(ii)) in an amount equal to or exceeding 
$10,000,''.
   Page 76, line 10, strike ``any type'' and insert ``any type 
in an aggregate amount equal to or exceeding $10,000''.
  Page 76, line 13, strike ``section 304'' and insert ``section 
304 during the 12-month period which ends on the date of the 
disbursement''.
   Page 76, line 20, strike ``any type'' and insert ``any type 
in an aggregate amount equal to or exceeding $10,000''.
  Page 76, line 24, strike ``section 304'' and insert ``section 
304 during the 12-month period which ends on the date of the 
disbursement''.
  Page 78, insert after line 3 the following:
          ``(7) Application to certain pacs.--
                  ``(A) Application.--This subsection shall 
                apply with respect to an electioneering 
                communication, and to an independent 
                expenditure consisting of a public 
                communication, which is paid for in whole or in 
                part with a payment by a political committee 
                described in subparagraph (B) in the same 
                manner as this subsection applies with respect 
                to an electioneering communication and an 
                independent expenditure consisting of a public 
                communication which is paid for in whole or in 
                part with a payment which is treated as a 
                disbursement by a covered organization under 
                section 325, except that--
                          ``(i) in applying paragraph (4)(C), 
                        the `significant funder' with respect 
                        to such an electioneering communication 
                        or such an independent expenditure 
                        shall be the person who is identified 
                        as providing the largest aggregate 
                        amount of contributions, donations, or 
                        payments to the political committee 
                        during the 12-month period which ends 
                        on the date the committee made the 
                        disbursement for the electioneering 
                        communication or independent 
                        expenditure (as determined on the basis 
                        of the information contained in all 
                        reports filed by the committee under 
                        section 304 during such period); and
                          ``(ii) in applying paragraph (5), the 
                        `Top 5 Funders list' shall be a list of 
                        the 5 persons who are identified as 
                        providing the largest aggregate amounts 
                        of contributions, donations, or 
                        payments to the political committee 
                        during such 12-month period (as 
                        determined on the basis of the 
                        information contained in all such 
                        reports).
                  ``(B) Political committee described.--A 
                political committee described in this 
                subparagraph is a political committee which 
                receives or accepts contributions or donations 
                which do not comply with the contribution 
                limits or source prohibitions of this Act.''.
  Page 78, line 4, strike ``(7)'' and insert ``(8)''.
  Page 79, line 4, strike ``(8)'' and insert ``(9)''.
  Page 79, line 8, strike the period and insert the following: 
``, other than a corporation which is an organization described 
in paragraph (3) of section 501(c) of the Internal Revenue Code 
of 1986 and exempt from tax under section 501(a) of such 
Code.''.
  Page 79, line 14, strike the period and insert the following: 
``, other than an exempt section 501(c)(4) organization (as 
defined in section 301(27)).''.
  Page 79, line 18, strike ``(9)'' and insert ``(10)''.
  Page 80, line 13, strike ``section 325,'' and insert the 
following: ``section 325, or which is paid for in whole or in 
part by a political committee described in subsection 
(e)(7)(B),''.
  Page 80, line 19, strike ``subsection (e)(4)(C)(i)'' and 
insert ``subsection (e)(4)(C)(i) or (e)(7)(A)(i)''.
  Page 81, line 1, strike ``subsection (e)(5)'' and insert 
``subsection (e)(5) or (e)(7)(A)(ii)''.
  Page 82, line 4, strike ``section 325,'' and insert the 
following: ``section 325, or which is paid for in whole or in 
part by a political committee described in subsection 
(e)(7)(B),''.
  Page 82, line 6, strike ``subsection (e)(4)'' and insert 
``subsection (e)(4) or (e)(7)''.
  Page 82, line 8, strike ``statement required to be included 
under paragraph (1)(A)'' and insert ``statements required to be 
included under paragraph (1)''.
  Page 82, line 10, strike the period and insert the following: 
``, unless, on the basis of criteria established in regulations 
promulgated by the Commission, the communication is of such 
short duration that including the statement in the 
communication would constitute a hardship to the person paying 
for the communication by requiring a disproportionate amount of 
the communication's content to consist of the statement.''.
  Page 82, add after line 19 the following:

SEC. 215. INDEXING OF CERTAIN AMOUNTS.

  Title III of the Federal Election Campaign Act of 1971, as 
amended by section 213, is amended by adding at the end the 
following new section:

``SEC. 327. INDEXING OF CERTAIN AMOUNTS.

  ``(a) Indexing.--In any calendar year after 2010--
          ``(1) each of the amounts referred to in subsection 
        (b) shall be increased by the percent difference 
        determined under subparagraph (A) of section 315(c)(1), 
        except that for purposes of this paragraph, such 
        percent difference shall be determined as if the base 
        year referred to in such subparagraph were 2009;
          ``(2) each amount so increased shall remain in effect 
        for the calendar year; and
          ``(3) if any amount after adjustment under paragraph 
        (1) is not a multiple of $100, such amount shall be 
        rounded to the nearest multiple of $100.
  ``(b) Amounts Described.--The amounts referred to in this 
subsection are as follows:
          ``(1) The amount referred to in section 
        304(g)(5)(A)(i)(I).
          ``(2) The amount referred to in section 
        304(g)(5)(A)(ii)(I).
          ``(3) Each of the amounts referred to in section 
        304(g)(5)(A)(ii)(II).
          ``(4) The amount referred to in section 
        304(g)(5)(B)(ii)(I)(ee).
          ``(5) The amount referred to in section 
        304(g)(5)(B)(iii)(I).
          ``(6) The amount referred to in section 
        304(f)(6)(A)(i)(I).
          ``(7) The amount referred to in section 
        304(f)(6)(A)(ii)(I).
          ``(8) Each of the amounts referred to in section 
        304(f)(6)(A)(ii)(II).
          ``(9) The amount referred to in section 
        304(f)(6)(B)(ii)(I)(ee).
          ``(10) The amount referred to in section 
        304(f)(6)(B)(iii)(I).
          ``(11) The amount referred to in section 317(b).
          ``(12) Each of the amounts referred to in section 
        318(e)(4)(C). 
          ``(13) The amount referred to in section 
        325(d)(2)(B)(i)(V).
          ``(14) The amount referred to in section 
        325(d)(2)(C)(i).''.
  Page 84, line 4, strike ``referred to in the communication'' 
and all that follows through ``the candidate; and'' and insert 
``referred to in the communication; and''.
  Page 84, line 21, strike ``section 213'' and insert ``section 
215''.
  Page 85, line 1, strike ``327'' and insert ``328''.
   Page 85, line 24, strike ``involved, the office sought'' and 
all that follows through ``in opposition to the candidate;'' 
and insert ``involved and the office sought by the 
candidate;''.
  Page 87, line 18, strike the period and insert the following: 
``, other than a corporation which is an organization described 
in paragraph (3) of section 501(c) of the Internal Revenue Code 
of 1986 and exempt from tax under section 501(a) of such 
Code.''.
  Page 87, line 24, strike the period and insert the following: 
``, other than an exempt section 501(c)(4) organization (as 
defined in section 301(27)).''.
  Page 88, strike lines 19 through 24.
  Page 89, line 6, insert after ``Senate'' the following: ``who 
satisfies the requirements for standing under article III of 
the Constitution''.
  Page 89, insert after line 21 the following:

SEC. 402. NO EFFECT ON PROTECTIONS AGAINST THREATS, HARASSMENTS, AND 
                    REPRISALS.

  Nothing in this Act or in any amendment made by this Act 
shall be construed to affect any provision of law or any rule 
or regulation which waives a requirement to disclose 
information relating to any person in any case in which there 
is a reasonable probability that the disclosure of the 
information would subject the person to threats, harassments, 
or reprisals.
  Page 89, line 22, strike ``402'' and insert ``403''.
  Page 90, line 5, strike ``403'' and insert ``404''.
                              ----------                              


             PART B--TEXT OF AMENDMENTS TO BE MADE IN ORDER


1. An Amendment To Be Offered by Representative Ackerman, of New York, 
               or His Designee, Debatable for 10 Minutes

  Page 85, line 10, strike ``such report'' and insert ``such 
report, in a clear and conspicuous manner,''.
                              ----------                              


2. An Amendment To Be Offered by Representative Steve King, of Iowa, or 
                 His Designee, Debatable for 10 Minutes

  Add at the end of title I the following new section:

SEC. 106. REMOVAL OF LIMITATIONS ON FEDERAL ELECTION CAMPAIGN 
                    CONTRIBUTIONS.

  Section 315(a) of the Federal Election Campaign Act of 1971 
(2 U.S.C. 441a(a)) is amended by adding at the end the 
following new paragraph:
  ``(9) The limitations established under this subsection shall 
not apply to contributions made during calendar years beginning 
after 2009.''.
                              ----------                              


 3. An Amendment To Be Offered by Representative Kucinich, of Ohio, or 
                 His Designee, Debatable for 10 Minutes

  Page 15, insert after line 15 the following:
  (c) Application to Persons Holding Leases for Drilling in 
Outer Continental Shelf.--Section 317(a) of such Act (2 U.S.C. 
441c(a)) is amended--
          (1) by striking ``or'' at the end of paragraph (1);
          (2) by redesignating paragraph (2) as paragraph (3); 
        and
          (3) by inserting after paragraph (1) the following 
        new paragraph:
          ``(2) who enters into negotiations for a lease for 
        exploration for, and development and production of, oil 
        and gas under the Outer Continental Shelf Lands Act (43 
        U.S.C. 1331 et seq.), during the period--
                  ``(A) beginning on the later of the 
                commencement of the negotiations or the date of 
                the enactment of the Democracy is Strengthened 
                by Casting Light on Spending in Elections Act; 
                and
                  ``(B) ending with the later of the 
                termination of such negotiations or the 
                termination of such lease;
        directly or indirectly to make any contribution of 
        money or other things of value, or to promise expressly 
        or impliedly to make any such contribution to any 
        political party, committee, or candidate for public 
        office or to any person for any political purpose or 
        use, to make any independent expenditure, or to 
        disburse any funds for an electioneering communication; 
        or''.
  Page 15, line 16, strike ``(c)'' and insert ``(d)''.
                              ----------                              


   4. An Amendment To Be Offered by Representative Pascrell, of New 
           Jersey, or His Designee, Debatable for 10 Minutes

  In section 319(b)(3) of the Federal Election Campaign Act of 
1971, as proposed to be added by section 102(a) of the bill, 
strike subparagraph (A) and insert the following:
                  ``(A) in which a foreign national described 
                in paragraph (1) or (2) directly or indirectly 
                owns or controls--
                          ``(i) 5 percent or more of the voting 
                        shares, if the foreign national is a 
                        foreign country, a foreign government 
                        official, or a corporation principally 
                        owned or controlled by a foreign 
                        country or foreign government official; 
                        or
                          ``(ii) 20 percent or more of the 
                        voting shares, if the foreign national 
                        is not described in clause (i);
                  ``(B) in which two or more foreign nationals 
                described in paragraph (1) or (2), each of whom 
                owns or controls at least 5 percent of the 
                voting shares, directly or indirectly own or 
                control 50 percent or more of the voting 
                shares;''.
                              ----------                              


  5. An Amendment To Be Offered by Representative Patrick Murphy, of 
        Pennsylvania, or His Designee, Debatable for 10 Minutes

  In section 318(e) of the Federal Election Campaign Act of 
1971, as proposed to be added by section 214(b)(2) of the bill, 
strike paragraphs (2) and (3) and insert the following:
          ``(2) Individual disclosure statement described.--The 
        individual disclosure statement described in this 
        paragraph is the following: `I am _______, of _______, 
        _______, and I approve this message.', with--
                  ``(A) the first blank filled in with the name 
                of the applicable individual;
                  ``(B) the second blank filled in with the 
                local jurisdiction in which the applicable 
                individual resides; and
                  ``(C) the third blank filled in with the 
                State in which the applicable individual 
                resides.
          ``(3) Organizational disclosure statement 
        described.--The organizational disclosure statement 
        described in this paragraph is the following: `I am 
        _______, the _______ of _______, located in _______, 
        _______, and _______ approves this message.', with--
                  ``(A) the first blank to be filled in with 
                the name of the applicable individual;
                  ``(B) the second blank to be filled in with 
                the title of the applicable individual;
                  ``(C) the third blank to be filled in with 
                the name of the organization or other person 
                paying for the communication;
                  ``(D) the fourth blank to be filled in with 
                the local jurisdiction in which such 
                organization's or person's principal office is 
                located;
                  ``(E) the fifth blank to be filled in with 
                the State in which such organization's or 
                person's principal office is located; and
                  ``(F) the sixth blank to be filled in with 
                the name of such organization or person.''.
  In section 318(e)(4) of the Federal Election Campaign Act of 
1971, as proposed to be added by section 214(b)(2) of the bill, 
strike subparagraphs (A) and (B) and insert the following:
                  ``(A) Statement if significant funder is an 
                individual.--If the significant funder of a 
                communication paid for in whole or in part with 
                a payment which is treated as a disbursement by 
                a covered organization for campaign-related 
                activity under section 325 is an individual, 
                the significant funder disclosure statement 
                described in this paragraph is the following: 
                `I am _______, of _______, _______. I helped to 
                pay for this message, and I approve it.', 
                with--
                          ``(i) the first blank filled in with 
                        the name of the applicable individual;
                          ``(ii) the second blank filled in 
                        with the local jurisdiction in which 
                        the applicable individual resides; and
                          ``(iii) the third blank filled in 
                        with the State in which the applicable 
                        individual resides.
                  ``(B) Statement if significant funder is not 
                an individual.--If the significant funder of a 
                communication paid for in whole or in part with 
                a payment which is treated as a disbursement by 
                a covered organization for campaign-related 
                activity under section 325 is not an 
                individual, the significant funder disclosure 
                statement described in this paragraph is the 
                following: `I am _______, the _______ of 
                _______, located in _______, _______. _______ 
                helped to pay for this message, and _______ 
                approves it.', with--
                          ``(i) the first blank to be filled in 
                        with the name of the applicable 
                        individual;
                          ``(ii) the second blank to be filled 
                        in with the title of the applicable 
                        individual;
                          ``(iii) the third blank to be filled 
                        in with the name of the significant 
                        funder of the communication;
                          ``(iv) the fourth blank to be filled 
                        in with the local jurisdiction in which 
                        the significant funder's principal 
                        office is located;
                          ``(v) the fifth blank to be filled in 
                        with the State in which the significant 
                        funder's principal office is located; 
                        and
                          ``(vi) the sixth and seventh blank 
                        each to be filled in with the name of 
                        the significant funder of the 
                        communication.''.
  In section 318(e)(5) of the Federal Election Campaign Act of 
1971, as proposed to be added by section 214(b)(2) of the 
bill--
          (1) in subparagraph (A), strike ``provided;'' and 
        insert ``provided and the local jurisdiction and State 
        in which each such person lives (in the case of a 
        person who is an individual) or is located (in the case 
        of any other person);''; and
          (2) in subparagraph (B), striking ``provided.'' and 
        insert ``provided and the local jurisdiction and State 
        in which each such person lives (in the case of a 
        person who is an individual) or is located (in the case 
        of any other person).''.

                                  
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