To amend the Internal Revenue Code of 1986 to require 527 organizations to disclose their political activities.
Makes information on organizations that file such notices, and such notices, publicly available. Prescribes monetary penalties for failures to meet certain public availability requirements.
Grants existing organizations to whom this Act applies 30 days after this Act's enactment date to file a notice.
Prescribes tax penalties for failures by political organizations to make certain disclosures of contributions and expenditures for exempt functions. Exempts certain organizations and political committees from the disclosure requirement. Makes such disclosures publicly available and prescribes monetary penalties for failures to make disclosures available for inspection.
Requires political organizations which have gross receipts of $25,000 or more per taxable year, with an exception, to file tax returns. Provides for public disclosure of such returns and prescribes monetary penalties for failures to file or provide correct information.
Placed on the Union Calendar, Calendar No. 395.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 606.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Mr. Houghton moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H5282-5290)
DEBATE - The House proceeded with forty minutes of debate on H.R. 4762.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by recorded vote (2/3 required): 385 - 39 (Roll no. 341).(text: CR H5282-5284)
Roll Call #341 (House)On motion to suspend the rules and pass the bill Agreed to by recorded vote (2/3 required): 385 - 39 (Roll no. 341). (text: CR H5282-5284)
Roll Call #341 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 650.
Enacted as Public Law 106-230
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Measure laid before Senate by unanimous consent. (CR S5944-6000)
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 92 - 6. Record Vote Number: 160.(consideration: CR S6041-6047)
Roll Call #160 (Senate)Passed Senate without amendment by Yea-Nay Vote. 92 - 6. Record Vote Number: 160. (consideration: CR S6041-6047)
Roll Call #160 (Senate)Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 106-230.
Became Public Law No: 106-230.