There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/31/2001)

Bipartisan Campaign Finance Reform Act of 2001 - Amends the Federal Election Campaign Act of 1971 (FECA) to prohibit the solicitation of soft money (not subject to FECA) by political parties, increasing the contribution limit for State committees of political parties and the aggregate individual contribution limit.

Prohibits a committee of a political party, after party nomination of a candidate, from making both coordinated and independent expenditures to the candidate during the election cycle.

Requires a coordinated activity to be considered a contribution to the candidate and an expenditure by the candidate.

Prohibits the deposit (except in escrow accounts) or negotiation of contributions from a person making aggregate contributions exceeding $200 annually by a candidate's authorized committee, unless the information required of and disclosed by the contributor is complete.

Establishes: (1) time frames (with certain exceptions) for filing of statements with the Federal Election Commission (FEC) by certain persons who make aggregate disbursements exceeding $50,000 annually (of soft money) for specified Federal election activities expressing support for or opposition to a Federal office candidate or a political party; and (2) a voluntary personal funds expenditure limit of $50,000 for eligible congressional candidates.

Sets forth disclaimers to affirm equal participation of eligible voters in campaigns and elections for Federal office.

Establishes: (1) a clearinghouse of specified public information on political activities of foreign principals and their agents; and (2) the Independent Commission on Campaign Finance Reform.

Amends the Federal criminal code to prohibit White House political fundraising.

Expresses the sense of Congress on "controlling legal authority" concerning use of Federal property to raise campaign funds.

Amends the Federal criminal code to establish criminal penalties for anyone who solicits or receives anything of value for providing a person with access to specified Federal property.

Amends FECA to require political committees of national political parties (for use of Air Force One by the President, Vice President, or an executive department head) and candidates for Federal office (who don't already hold Federal office) to reimburse the Federal government for use of Government property for fundraising and campaign-related travel.

Amends FECA to prohibit campaigns from providing cash to individuals to encourage turnout on election day (walking around money)

Mandates imprisonment for certain FECA violations.

Amends the Internal Revenue Code to prohibit presidential and vice presidential candidates certified to receive public financing from coordinating expenditures for issue advocacy unless the funds used are subject to FECA.

Provides for expulsion of Members of the House of Representatives convicted of violating FECA's foreign national contribution prohibitions.