SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Citizen Legislature and Political 
Freedom Act''.

SEC. 2. REMOVAL OF LIMITATIONS ON FEDERAL ELECTION CAMPAIGN 
              CONTRIBUTIONS.

    Section 315(a) of the Federal Election Campaign Act of 1971 (2 
U.S.C. 441a(a)) is amended by adding at the end the following new 
paragraph:
    ``(9) The limitations established under this subsection shall not 
apply to contributions made during calendar years beginning after 
2000.''.

SEC. 3. TERMINATION OF TAXPAYER FINANCING OF PRESIDENTIAL ELECTION 
              CAMPAIGNS.

    (a) Termination of Designation of Income Tax Payments.--Section 
6096 of the Internal Revenue Code of 1986 is amended by adding at the 
end the following new subsection:
    ``(d) Termination.--This section shall not apply to taxable years 
beginning after December 31, 1999.''
    (b) Termination of Fund and Account.--
            (1) Termination of presidential election campaign fund.--
                    (A) In general.--Chapter 95 of subtitle H of such 
                Code is amended by adding at the end the following new 
                section:

``SEC. 9014. TERMINATION.

    The provisions of this chapter shall not apply with respect to any 
presidential election (or any presidential nominating convention) after 
December 31, 2000, or to any candidate in such an election.''
                    (B) Transfer of excess funds to general fund.--
                Section 9006 of such Code is amended by adding at the 
                end the following new subsection:
    ``(d) Transfer of Funds Remaining After 1998.--The Secretary shall 
transfer all amounts in the fund after December 31, 2000, to the 
general fund of the Treasury.''
            (2) Termination of account.--Chapter 96 of subtitle H of 
        such Code is amended by adding at the end the following new 
        section:

``SEC. 9043. TERMINATION.

    The provisions of this chapter shall not apply to any candidate 
with respect to any presidential election after December 31, 2000.''
    (c) Clerical Amendments.--
            (1) The table of sections for chapter 95 of subtitle H of 
        such Code is amended by adding at the end the following new 
        item:

                              ``Sec. 9014. Termination.''
            (2) The table of sections for chapter 96 of subtitle H of 
        such Code is amended by adding at the end the following new 
        item:

                              ``Sec. 9043. Termination.''

SEC. 4. DISCLOSURE REQUIREMENTS FOR CERTAIN SOFT MONEY EXPENDITURES OF 
              POLITICAL PARTIES.

    (a) Transfers of Funds by National Political Parties.--Section 
304(b)(4) of the Federal Election Campaign Act of 1971 (2 U.S.C. 
434(b)(4)) is amended--
            (1) by striking ``and'' at the end of subparagraph (H);
            (2) by adding ``and'' at the end of subparagraph (I); and
            (3) by adding at the end the following new subparagraph:
                    ``(J) in the case of a political committee of a 
                national political party, all funds transferred to any 
                political committee of a State or local political 
                party, without regard to whether or not the funds are 
                otherwise treated as contributions or expenditures 
                under this title;''.
    (b) Disclosure by State and Local Political Parties of Information 
Reported Under State Law.--Section 304 of such Act (2 U.S.C. 434) is 
amended by adding at the end the following new subsection:
    ``(d) If a political committee of a State or local political party 
is required under a State or local law, rule, or regulation to submit a 
report on its disbursements to an entity of the State or local 
government, the committee shall file a copy of the report with the 
Commission at the time it submits the report to such an entity.''.
    (c) Effective Date.--The amendments made by this section shall 
apply with respect to elections occurring after January 2001.

SEC. 5. PROMOTING EXPEDITED AVAILABILITY OF FEC REPORTS.

    (a) Mandatory Electronic Filing.--Section 304(a)(11)(A) of the 
Federal Election Campaign Act of 1971 (2 U.S.C. 434(a)(11)(A)) is 
amended by striking ``permit reports required by'' and inserting 
``require reports under''.
    (b) Requiring Reports for All Contributions Made to Any Political 
Committee Within 90 Days of Election; Requiring Reports To Be Made 
Within 24 Hours.--Section 304(a)(6) of such Act (2 U.S.C. 434(a)(6)) is 
amended to read as follows:
    ``(6)(A) Each political committee shall notify the Secretary or the 
Commission, and the Secretary of State, as appropriate, in writing, of 
any contribution received by the committee during the period which 
begins on the 90th day before an election and ends at the time the 
polls close for such election. This notification shall be made within 
24 hours (or, if earlier, by midnight of the day on which the 
contribution is deposited) after the receipt of such contribution and 
shall include the name of the candidate involved (as appropriate) and 
the office sought by the candidate, the identification of the 
contributor, and the date of receipt and amount of the contribution.
    ``(B) The notification required under this paragraph shall be in 
addition to all other reporting requirements under this Act.''.
    (c) Increasing Electronic Disclosure.--Section 304 of such Act (2 
U.S.C. 434(a)), as amended by section 4(b), is further amended by 
adding at the end the following new subsection:
    ``(e)(1) The Commission shall make the information contained in the 
reports submitted under this section available on the Internet and 
publicly available at the offices of the Commission as soon as 
practicable (but in no case later than 24 hours) after the information 
is received by the Commission.
    ``(2) In this subsection, the term `Internet' means the 
international computer network of both Federal and non-Federal 
interoperable packet-switched data networks.''.
    (d) Effective Date.--The amendment made by this section shall apply 
with respect to reports for periods beginning on or after January 1, 
2001.

SEC. 6. WAIVER OF ``BEST EFFORTS'' EXCEPTION FOR INFORMATION ON 
              IDENTIFICATION OF CONTRIBUTORS.

    (a) In General.--Section 302(i) of the Federal Election Campaign 
Act of 1971 (2 U.S.C. 432(i)) is amended--
            (1) by striking ``(i) When the treasurer'' and inserting 
        ``(i)(1) Except as provided in paragraph (2), when the 
        treasurer''; and
            (2) by adding at the end the following new paragraph:
    ``(2) Paragraph (1) shall not apply with respect to information 
regarding the identification of any person who makes a contribution or 
contributions aggregating more than $200 during a calendar year (as 
required to be provided under subsection (c)(3)).''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply with respect to persons making contributions for elections 
occurring after January 2001.
Amends the Internal Revenue Code to terminate after December 31, 1999, the designation of income tax payments to the Presidential Election Campaign Fund. Terminates the Fund itself and the Presidential Primary Matching Payment Account after December 31, 2000, and transfers any amounts remaining in the Fund to the general fund of the Treasury.
Amends FECA, in the case of a political committee of a national political party, to require reports of all funds transferred to any political committee of a State or local political party, without regard to whether or not the funds are otherwise treated as contributions or expenditures under such Act (soft money). Requires any political committee of a State or local political party to file with the Federal Election Commission (FEC) a copy of any report on disbursements it is required under a State or local law, rule, or regulation to submit to the State or local government.
Directs the FEC to make electronic filing of reports mandatory.
Revises current deadlines for notification of contributions by a campaign committee. Applies such deadlines to each campaign committee of a candidate, not (as currently) just the principal campaign committee. Requires each political committee to notify, in writing, the appropriate office of any contribution (currently, of $1,000 or more) received by the committee during the period which begins on the 90th day before an election (currently, after the 20th day after, but more than 48 hours before, an election) and ends at the time the polls close for such election. Requires such notification to be made within 24 hours (or, if earlier, by midnight of the day on which the contribution is deposited) (currently, within 48 hours) after receipt of the contribution.
Requires the FEC to make report information available on the Internet and at FEC offices as soon as practicable after its receipt.
Declares that the "best efforts" exception to noncompliance with FECA shall not apply with respect to information regarding the identification of any contributor of more than $200 in the aggregate during a calendar year (thus requiring strict observance of reporting deadlines for all such contributions).
Citizen Legislature and Political Freedom Act