S.2207 - A bill to amend the Federal Election Campaign Act of 1971 to require all political committees to notify the Federal Election Commission within 48 hours of receiving cumulative contributions of $1,000 or more from any contributor during a calendar year, and for other purposes.113th Congress (2013-2014)
|Sponsor:||Sen. King, Angus S., Jr. [I-ME] (Introduced 04/03/2014)|
|Committees:||Senate - Rules and Administration|
|Latest Action:||Senate - 04/03/2014 Read twice and referred to the Committee on Rules and Administration. (All Actions)|
This bill has the status Introduced
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Summary: S.2207 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in Senate (04/03/2014)
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).