A bill to amend the Federal Campaign Act of 1971 to provide meaningful campaign finance reform through requiring better reporting, decreasing the role of soft money, and increasing individual contribution limits, and for other purposes.
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.
Title II: Soft Money of National Political Parties and Contribution Limits - Amends FECA to limit to $60,000 aggregate (indexed for inflation) per calendar year per contributor the amount of soft money 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. Places an aggregate limit on the soft money donor of $60,000 in any calendar year. Provides for judicial review with respect to such amendment.
Increases individual, political committee, and multicandidate political committee contribution limits. Revises indexing provisions.
Title III: Miscellaneous Provisions - Amends the Federal criminal code to prohibit solicitation of soft money in any room or building occupied in the discharge of official duties by an officer or employee of the United States or any department or agency thereof, or a person receiving any salary or compensation for service from the Treasury.
Amends FECA to provide for the indexing of certain penalty and other amounts under enforcement provisions.
Introduced in Senate
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 725.
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