Federal Election Campaign Act Amendments

Summary

Federal Election Campaign Act Amendments - Title I: Amendments to Federal Election Campaign Act of 1971 - Amends the Federal Election Campaign Act of 1971 to revise the definitional section. Changes the organizational structure of the political committees by eliminating the requirement that every committee have a chairman. Vests in the treasurer of each committee exclusive authority to authorize disbursements. Extends to 10 days the time during which any person who receives a contribution for a political committee must forward to the treasurer of such committee, certain information regarding the contribution. Revises the recordkeeping procedures to be followed by the treasurer with respect to receipts received by or on behalf of a political committee. Requires each candidate for Federal office (other than the office of Vice President) to authorize his or her principal campaign committee, together with any other political committees, to receive all contributions and make all expenditures on such candidate's behalf. Stipulates that no political committee which supports or has supported more than one candidate may be designated as an authorized committee. Requires that each report or statement of receipts received or disbursements made by an authorized committee be filed with the candidate's principal campaign committee. Directs each principal campaign committee to compile and file such reports in accordance with procedures set forth in this title. Requires each principal compaign committee to file a statement of organization no later than 10 days after designation. Requires all other political committees to file such statement no later than 10 days after receiving contributions or making expenditures which aggregate more than $1,000 during a calendar year. Revises the content of the organization statement. Stipulates that a political committee may terminate only upon the filing of a written statement stating that it will no longer receive or disburse funds, and that such committee has no outstanding debts. Revises the section of the Act relating to the reporting of receipts and expenditures to require that each treasurer of a political committee file reports of receipts and disbursements with the Federal Elections Commission. Eliminates the requirement that each candidate must file such reports with the Commission. Revises the procedures for reporting data on receipts and expenditures by principal campaign committees, other political committees, and individuals. Amends Title III of the Act to strike out the sections dealing with (1) regulation of campaign advertising, (2) preservation of financial reports, (3) reporting of pledges, (4) reports to the President, (5) use of the frank, and (6) penalties for violation of the Act. Revises the procedures for the issuance of advisory opinions by the Commission. Sets forth revised enforcement procedures. Sets forth revised requirements relating to the filing of campaign expenditure and disbursement statements with State officers. Prohibits any candidate for Federal office, or any political committee to use excess contributions for personal use. Revises the limitations on contributions and expenditures. Limits the amount of honorariums which may be accepted by candidates for Federal office. Title II: Amendments to Other Laws - Sets forth amendments to specified Federal laws. Title III: General Provisions - States that the amendments made by this Act shall apply to any Federal election occurring after December 31, 1978.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 6 March 1978

   Introduced

   Referred to House Committee on House Administration.

   Source: IntroReferral

2. 6 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

4. 16 March 1978

   Reported

   Reported to House from the Committee on House Administration with amendment, H. Rept. 95-982.

   Source: Committee

5. 16 March 1978

   Reported

   Reported to House from the Committee on House Administration with amendment, H. Rept. 95-982.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Reported to House with amendment(s)

  summary · EN · 16 March 1978

  Open at official source

• Introduced in House

  summary · EN · 6 March 1978

  Open at official source

Sponsors

• Rep. Thompson, Frank, Jr. [D-NJ-4] · D · Sponsor
• · hsha00 · Standing

Related records

• related to → A resolution providing for the consideration of the bill H.R. 11315 to amend the Federal Election Campaign Act of 1971 to make certain changes in the reporting and disclosure requirements of such Act, and for other purposes.