S.942 - Real Time Transparency Act116th Congress (2019-2020)
|Sponsor:||Sen. King, Angus S., Jr. [I-ME] (Introduced 03/28/2019)|
|Committees:||Senate - Rules and Administration|
|Latest Action:||Senate - 03/28/2019 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.942 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (03/28/2019)
Real Time Transparency Act
This bill revises the notification requirement for campaign contributions of $1,000 or more. The bill applies this requirement to (1) any political committee, not just a candidate's principal campaign committee; and (2) cumulative contributions of $1,000 or more during a calendar year, instead of only single contributions. Only the Federal Election Commission (FEC) must be notified, instead of the FEC and others.
Any amount transferred by a joint fundraising committee established by a candidate's authorized committee to any other authorized committee of that candidate shall be treated as a contribution.