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 ten 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 ten days after designation. Requires all other political committees to file such statement no later than ten 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 specified provisions, including those dealing with campaign advertising, convention financing reports, and powers of the Commission. 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 the use of franked mail for the making of solicitations. Revises regulations pertaining to contributions and expenditures by national banks, corporations, and labor organizations. 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.

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Documents

1 official file

• Introduced in House

  summary · EN · 22 March 1978

  Open at official source

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