Open and Accountable Campaign Financing Act of 2001

Summary

Open and Accountable Campaign Financing Act of 2001 - Amends the Federal Election Campaign Act of 1971 (FECA) to revise reporting requirements, including: (1) changing from quarterly to monthly the additional reports required to be filed with regard to the principal campaign committee of a candidate for the House of Representatives or the Senate in any calendar year during which there is a regularly scheduled election for which such candidate is seeking nomination or election; (2) requiring a national committee of a political party to file the same monthly reports designated for all political committees other than authorized committees of a candidate; and (3) directing the Federal Election Commission (FEC) to make report information available on the Internet and at FEC offices. Amends the Communications Act of 1934 to require a licensee to maintain and make available for public inspection a complete record of certain requests to purchase broadcast time that are related to legally qualified candidates. Amends FECA to require the FEC to develop, and provide at no cost, software for filing FEC reports. Limits to $60,000 the aggregate amount (indexed for inflation) of soft money per calendar year, per contributor that a national committee of a political party, a congressional campaign committee of a national party, or an entity directly or indirectly established, financed, maintained, or controlled by such committee may accept. Increases individual, political committee, and multicandidate political committee contribution limits. Revises indexing provisions. Increases Senate candidate contribution limits for national party committees and senatorial campaign committees. Amends the Federal criminal code to prohibit solicitation of soft money in Federal buildings by an officer or employee of the United States. Amends FECA to provide for the indexing of certain penalty and other amounts under enforcement provisions. Outlines provisions for filing of Senate reports with the FEC.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 22 January 2001

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 January 2001

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• Introduced in Senate

  summary · EN · 22 January 2001

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