Federal Election Campaign Reform and Disclosure Act

Federal Election Campaign Reform and Disclosure Act - Provides, under the Federal Election Campaign Act, that reports by political committees and candidates shall be filed within ten days after the close of each calendar quarter. Requires that additional reports, beginning 60 days before the date of any election, be filed each Monday until the election with respect to contributions received during the preceding calendar week.

Provides that any anonymous contribution shall be reported within one week after receipt, with a description of the form of the contribution, its amount, and the circumstances under which it was received.

States that any contribution received by a political committee which receives contributions to or makes expenditures for more than one candidate shall be reported separately.

Establishes, as an independent establishment of the executive branch, the Federal Election Commission, to be composed of nine members appointed by and with the advice and consent of the Senate. Prescribes the terms of appointment of such members. Provides for a Chairman and Vice Chairman of the Commission.

Directs the Commission to appoint a General Counsel and an Executive Director to be the chief legal officer of the Commission and to be responsible for the administrative operations of the Commission, respectively.

Enumerates the powers of the Commission, including: (1) to require any person to submit reports and answers to questions as the Commission may prescribe; (2) to require by subpena the attendance and testimony of witnesses and the production of evidence; and (3) to initiate, prosecute, defend, or appeal any court action in the name of the Commission for the purpose of enforcing the provisions of this title.

Provides that anyone who violates this title may be assessed a civil penalty of not more than $1,000 for each such violation. Prescribes the factors to be considered in determining the amount of the penalty. Sets forth the procedure to be followed against persons who fail to pay such penalty.

Requires a candidate, before making or authorizing any expenditure in connection with his campaign, to designate a campaign treasurer. States that no expenditure shall be made by or on behalf of the candidate unless it is authorized in writing by his campaign treasurer, or chief deputy campaign treasurer.

Requires each candidate to designate one or more National or State banks as campaign depositories. Provides that whenever the contributions received by a candidate or by any political committee authorized by him to receive contributions exceed in the aggregate $100 they shall be forwarded immediately to one of his campaign depositories for deposit in such an account.

Provides that no expenditure may be made by the candidate or under the authority of any of his campaign treasurers except by check drawn on such an account in a campaign depository designated by the candidate. Permits each campaign treasurer to maintain a petty cash fund of not more than $1,000, out of which indicated cash expenditures of less than $100 may be made.

Requires designated banks to file reports containing specified information with the Commission at regular intervals.

Directs the Commission to publish a voters' information pamphlet for each State and distribute the pamphlet before the date of any election of any candidate to Federal office. States that the pamphlet shall contain party platform, pictures and brief biographies of the candidates for office in that State, and statements by such candidates.

Makes conforming and technical amendments to the Federal Election Campaign Act of 1971.

Provides that no Senator, Representative, Resident Commissioner, or Delegate shall make any mass mailing or mailing with a simplified form of address during the 35 days immediately preceding the date on which any election is held in which he is a candidate.

Provides that no candidate may make expenditures from his personal funds, or the funds of his immediate family, in connection with his campaign for nomination for election, or for election, to Federal office for anything other than food, clothing, shelter, and transportation for himself and his immediate family.

Provides that no person shall make any contribution of currency in excess of $100. Sets forth penalties for violations of the provisions of this Act.