To amend the Lobbying Disclosure Act of 1995 to require registered lobbyists to file quarterly reports on contributions bundled for certain recipients, and for other purposes.

Summary: Lobbying Transparency Act of 2007 - Amends the Lobbying Disclosure Act of 1995 to require a registered lobbyist who bundles two or more contributions made (in an aggregate amount exceeding $5,000) to a covered recipient during a quarterly period to: (1) file a quarterly report with the Secretary of the Senate and the Clerk of the House of Representatives; and (2) notify the covered recipient by certified mail before filing such report.

Requires the notification to express the covered recipient's right to respond to the statement to challenge and correct any information included before the registered lobbyist files such report.

Defines "covered recipient" as a federal candidate, an individual holding federal office, a leadership PAC (an unauthorized political committee which is associated with an individual holding federal office, excluding a political committee of a political party), a multicandidate political committee, or a political party committee.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Lobbying Transparency Act of 2007''.

SEC. 2. QUARTERLY REPORTS BY REGISTERED LOBBYISTS ON CONTRIBUTIONS 
              BUNDLED FOR CERTAIN RECIPIENTS.

    (a) In General.--Section 5 of the Lobbying Disclosure Act of 1995 
(2 U.S.C. 1604) is amended by adding at the end the following new 
subsection:
    ``(d) Quarterly Reports on Contributions Bundled For Certain 
Recipients.--
            ``(1) In general.--Not later than 45 days after the end of 
        the quarterly period beginning on the first day of January, 
        April, July, and October of each year, each registered lobbyist 
        who bundles 2 or more contributions made to a covered recipient 
        in an aggregate amount exceeding $5,000 for such covered 
        recipient during such quarterly period shall file a report with 
        the Secretary of the Senate and the Clerk of the House of 
        Representatives containing--
                    ``(A) the name of the registered lobbyist;
                    ``(B) in the case of an employee, his or her 
                employer; and
                    ``(C) the name of the covered recipient to whom the 
                contribution is made, and to the extent known the 
                aggregate amount of such contributions (or a good faith 
                estimate thereof) within the quarter for the covered 
                recipient.
            ``(2) Exclusion of certain information.--In filing a report 
        under paragraph (1), a registered lobbyist shall exclude from 
        the report any information described in paragraph (1)(C) which 
        is included in any other report filed by the registered 
        lobbyist with the Secretary of the Senate and the Clerk of the 
        House of Representatives under this Act.
            ``(3) Requiring submission of information prior to filing 
        reports.--Not later than 25 days after the end of a period for 
        which a registered lobbyist is required to file a report under 
        paragraph (1) which includes any information described in such 
        section with respect to a covered recipient, the registered 
        lobbyist shall transmit by certified mail to the covered 
        recipient involved a statement containing--
                    ``(A) the information that will be included in the 
                report with respect to the covered recipient;
                    ``(B) the source of each contribution included in 
                the aggregate amount referred to in paragraph (1)(C) 
                which the registered lobbyist bundled for the covered 
                recipient during the period covered by the report and 
                the amount of the contribution attributable to each 
                such source; and
                    ``(C) a notification that the covered recipient has 
                the right to respond to the statement to challenge and 
                correct any information included before the registered 
                lobbyist files the report under paragraph (1).
            ``(4) Definition of registered lobbyist.--For purposes of 
        this subsection, the term `registered lobbyist' means a person 
        who is registered or is required to register under paragraph 
        (1) or (2) of section 4(a), or an individual who is required to 
        be listed under section 4(b)(6) or subsection (b).
            ``(5) Definition of bundled contribution.--For purposes of 
        this subsection, a registered lobbyist `bundles' a contribution 
        if--
                    ``(A) the contribution is received by a registered 
                lobbyist for, and forwarded by a registered lobbyist 
                to, the covered recipient to whom the contribution is 
                made; or
                    ``(B) the contribution will be or has been credited 
                or attributed to the registered lobbyist through 
                records, designations, recognitions or other means of 
                tracking by the covered recipient to whom the 
                contribution is made.
            ``(6) Other definitions.--In this subsection--
                    ``(A) the term `contribution' has the meaning given 
                such term in the Federal Election Campaign Act of 1971 
                (2 U.S.C. 431 et seq.), except that such term does not 
                include a contribution in an amount which is less than 
                $200;
                    ``(B) the terms `candidate', `political committee', 
                and `political party committee' have the meaning given 
                such terms in the Federal Election Campaign Act of 1971 
                (2 U.S.C. 431 et seq.);
                    ``(C) the term `covered recipient' means a Federal 
                candidate, an individual holding Federal office, a 
                leadership PAC, a multicandidate political committee 
                described in section 315(a)(4) of the Federal Election 
                Campaign Act of 1971 (2 U.S.C. 441a(a)(4)), or a 
                political party committee; and
                    ``(D) the term `leadership PAC' means, with respect 
                to an individual holding Federal office, an 
                unauthorized political committee which is associated 
                with such individual, except that such term shall not 
                apply in the case of a political committee of a 
                political party.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply with respect to the second quarterly period described in section 
5(d)(1) of the Lobbying Disclosure Act of 1995 (as added by subsection 
(a)) which begins after the date of the enactment of this Act and each 
succeeding quarterly period.

            Passed the House of Representatives May 24, 2007.

            Attest:

                                            LORRAINE C. MILLER,

                                                                 Clerk.