H.R.2471 - To amend the Federal Election Campaign Act of 1971 to reduce the amount that a nonparty multicandidate political committee may contribute to a candidate in a congressional election, and for other purposes.104th Congress (1995-1996)
|Sponsor:||Rep. Torkildsen, Peter G. [R-MA-6] (Introduced 10/11/1995)|
|Committees:||House - House Oversight|
|Latest Action:||10/11/1995 Referred to the House Committee on House Oversight. (All Actions)|
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Summary: H.R.2471 — 104th Congress (1995-1996)All Bill Information (Except Text)
Introduced in House (10/11/1995)
Amends the Federal Election Campaign Act of 1971 to reduce the contribution that a multicandidate political committee may make to a congressional candidate.
Prohibits: (1) a congressional candidate from accepting contributions from out-of-State persons that, in total, equal or exceed contributions from in-State residents; (2) cash contributions in Federal elections; (3) independent expenditures within seven days before a congressional election; (4) contributions between multicandidate political committees; and (5) bundling of funds.
Requires: (1) a multicandidate political committee affiliated with another organization to include such organization's entire name in its own name; and (2) a lobbyist who makes a contribution to disclose his or her lobbyist status.
Sets forth reporting requirements for: (1) contributing lobbyists; and (2) out-of-State contributions in House of Representatives elections.
Bans soft money in Federal elections.