[Federal Register Volume 64, Number 196 (Tuesday, October 12, 1999)]
[Rules and Regulations]
[Page 55125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-26281]



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  Federal Register / Vol. 64, No. 196 / Tuesday, October 12, 1999 / 
Rules and Regulations  

[[Page 55125]]


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FEDERAL ELECTION COMMISSION

[Notice 1999-19]


11 CFR Part 110

Treatment of Limited Liability Companies Under the Federal Election 
Campaign Act
AGENCY: Federal Election Commission.

ACTION: Final rule; announcement of effective date.

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SUMMARY: On July 12, 1999, the Commission published the text of revised 
regulations that address the treatment of limited liability companies 
for purposes of the Federal Election Campaign Act. 64 FR 37397. The 
Commission announces that these rules are effective as of November 12, 
1999.

EFFECTIVE DATE: November 12, 1999.

FOR FURTHER INFORMATION CONTACT: Mr. N. Bradley Litchfield, Associate 
General Counsel, or Ms. Rita A. Reimer, Attorney, 999 E Street, N.W., 
Washington, D.C. 20463, (202) 694-1650 or toll free (800) 424-9530.

SUPPLEMENTARY INFORMATION: The Commission is announcing the effective 
date of new regulations at 11 CFR 110.1(g) that addess the treatment of 
limited liability companies (``LLC'') under the Federal Election 
Campaign Act. LLCs are non-corporate business entities, created under 
State law, that have characteristics of both partnerships and 
corporations. The new rules provide that LLCs will be treated as either 
partnerships or corporations for FECA purposes, consistent with the tax 
treatment they select under the Internal Revenue Code.
    Section 438(d) of Title 2, United States Code, requires that any 
rules or regulations prescribed by the Commission to implement Title 2 
of the United States Code be transmitted to the Speaker of the House of 
Representatives and the President of the Senate thirty legislative days 
prior to final promulgation. The revisions to 11 CFR 110.1 were 
transmitted to Congress on June 25, 1999. Thirty legislative days 
expired in the Senate and the House of Representatives on September 24, 
1999.
    Announcement of Effective Date: 11 CFR 110.1(g), as published at 64 
FR 37397 (July 12, 1999), is effective as of November 12, 1999.

    Dated: October 5, 1999.

Scott E. Thomas,
Chairman, Federal Election Commission.
[FR Doc. 99-26281 Filed 10-8-99; 8:45 am]
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