A bill to amend the Federal Election Campaign Act of 1971 to require that bank loans to political committees and other persons subject to such Act be fully collateralized and reported and to require the Federal Election Commission to determine that such loans are legitimate loans and not campaign contributions.

Summary

Amends the Federal Election Campaign Act of 1971 to require that loans by a bank or other financial institutions to a political committee or other person subject to such Act be fully collateralized and not be treated as contributions. Directs the Federal Election Commission to prescribe regulations to assure compliance with such Act. Requires that details of loans and collateral be included in required reports of political committees.

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Timeline

1. 15 August 1986

   Referred

   Referred to Subcommittee on Elections.

   Source: Committee

2. 15 August 1986

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 August 1986

   Introduced

   Referred to House Committee on House Administration.

   Source: IntroReferral

4. 15 August 1986

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 15 August 1986

  Open at official source

Sponsors

• Rep. Kindness, Thomas N. [R-OH-8] · R · Sponsor
• · hsha00 · Standing

Related records

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