(a) In General- Subsection (i) of section 304 of the Federal Election Campaign Act of 1971 (2 U.S.C. 434(i)), as added by the Honest Leadership and Open Government Act of 2007, is amended--
(1) in paragraph (1), by striking `reasonably known by the committee to be a person described in paragraph (7)';
(2) in paragraph (2), by striking `means, with respect to a committee' and all that follows through `threshold.' and inserting the following: `means--
`(A) with respect to a committee which is an authorized committee of a candidate for the office of President or for nomination to such office--
`(i) the 2-year period preceding the date of the election for the office of the President; and
`(ii) any reporting period applicable to the committee under this section during which any person provided 2 or more bundled contributions to the committee in an aggregate amount greater than the applicable threshold; and
`(B) with respect to any other committee--
`(i) the period beginning January 1 and ending June 30 of each year;
`(ii) the period beginning July 1 and ending December 31 of each year; and
`(iii) any reporting period applicable to the committee under this section during which any person provided 2 or more bundled contributions to the committee in an aggregate amount greater than the applicable threshold.';
(3) in paragraph (3)--
(A) by striking subparagraph (A) and inserting the following:
`(A) IN GENERAL- In this subsection, the `applicable threshold' is--
`(i) $50,000 in the case of a committee which is an authorized committee of a candidate for the office of President or for nomination to such office; and
`(ii) $15,000 in the case of any other committee.
In determining whether the amount of bundled contributions provided to a committee by a person exceeds the applicable threshold, there shall be excluded any contribution made to the committee by the person or the person's spouse.'; and
(B) in subparagraph (B), by striking `the amount' each place it appears and inserting `each amount';
(4) in paragraph (5), by striking `described in paragraph (7)' each place it appears in subparagraphs (C) and (D);
(5) by striking paragraph (7) and inserting the following:
`(7) SEPARATE REPORTING FOR CERTAIN PERSONS- Each committee required to include a schedule under paragraph (1) shall also include a separate schedule setting forth the name, address, and employer of each person listed on the schedule required under paragraph (1) who, at the time a contribution is forwarded to a committee as described in paragraph (8)(A)(i) or is received by a committee as described in paragraph (8)(A)(ii), is--
`(A) a current registrant under section 4(a) of the Lobbying Disclosure Act of 1995;
`(B) an individual who is listed on a current registration filed under section 4(b)(6) of such Act or a current report under section 5(b)(2)(C) of such Act; or
`(C) a political committee established or controlled by such a registrant or individual.
The schedule required under the preceding sentence shall also include the aggregate amount of bundled contributions provided by each such person during the covered period.'; and
(6) in paragraph (8)(A)--
(A) by striking `and a person described in paragraph (7)'; and
(B) by adding at the end the following flush sentence:
`The term `bundled contribution' shall not include any contribution forwarded by or credited to (through records, designations, or other means of recognizing a certain amount of money has been raised) a person who is a regularly paid employee of the committee.'.
(b) Effective Date- The amendments made by this section shall take effect as if included in section 204 of the Honest Leadership and Open Government Act of 2007.
U.S. Congress - Text of S.2030 as Introduced in Senate A bill to amend the Federal Election Campaign Act of 1971 to require reporting relating...
