H.R.4442 - Real Time Transparency Act of 2014113th Congress (2013-2014)
|Sponsor:||Rep. O'Rourke, Beto [D-TX-16] (Introduced 04/09/2014)|
|Committees:||House - House Administration|
|Latest Action:||House - 04/09/2014 Referred to the House Committee on House Administration. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4442 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in House (04/09/2014)
Real Time Transparency Act of 2014 - Amends the Federal Election Campaign Act of 1971 to revise the requirement of a 48-hour notification of a campaign contribution of $1,000 or more to the Federal Election Commission (FEC) and certain other officials by the principal campaign committee of a candidate for federal office.
Applies this requirement, with certain additions, but for reporting exclusively to the FEC, to any political committee regarding cumulative contributions of $1,000 or more from any contributor during a calendar year.
(Currently, a candidate's principal campaign committee is required to give a written 48-hour notification to the Secretary of the Senate or the FEC, and the Secretary of State, as appropriate, after the receipt of any contribution of $1,000 or more by any authorized committee of such candidate after the 20th day, but more than 48 hours before, any election.)
Treats any amount transferred by a joint fundraising committee established by a candidate's authorized committee to any other authorized committee of that candidate as a contribution by the joint fundraising committee to such authorized committee (and thus subject to the 48-hour notification requirement).
Requires Senate candidates to file designations, statements, and reports directly with the FEC (instead of via the Secretary of the Senate, as currently required).