```

[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 430 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 430

   To amend the Federal Election Campaign Act of 1971 to provide for 
      additional disclosure requirements for corporations, labor 
       organizations, and other entities, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 21, 2015

Mr. Van Hollen (for himself, Ms. Pelosi, Mr. Clyburn, Mr. Becerra, Mr. 
      Crowley, Mr. Israel, Ms. DeLauro, Ms. Edwards, Mr. Brady of 
  Pennsylvania, Mr. Levin, Mr. Schiff, Mr. Pallone, Mr. Grijalva, Mr. 
 Conyers, Mr. Engel, Mr. Smith of Washington, Mrs. Lowey, Mr. Scott of 
Virginia, Mr. Cummings, Ms. Slaughter, Mr. Price of North Carolina, Mr. 
  Higgins, Ms. McCollum, Mr. Quigley, Mr. Swalwell of California, Ms. 
   Norton, Mr. Lipinski, Mr. Pascrell, Mr. McDermott, Mr. Himes, Mr. 
     Kilmer, Mr. Langevin, Ms. Bonamici, Mr. Welch, Mrs. Davis of 
   California, Mr. Carney, Mr. Loebsack, Mr. Deutch, Ms. Moore, Ms. 
Tsongas, Ms. DelBene, Mr. Vargas, Mr. Connolly, Ms. Wilson of Florida, 
   Ms. Pingree, Mr. Larson of Connecticut, Mr. Polis, Mr. Lynch, Ms. 
 Schakowsky, Mr. Sarbanes, Mr. Visclosky, Mr. Heck of Washington, Mr. 
  Nolan, Mr. Farr, Mr. Cohen, Ms. Esty, Mr. McGovern, Ms. Kuster, Ms. 
 Kaptur, Mr. Tonko, Mr. Nadler, Ms. Matsui, Mr. Ellison, Mr. Capuano, 
 Mr. Danny K. Davis of Illinois, Mr. Lowenthal, Mr. Al Green of Texas, 
  Ms. Michelle Lujan Grisham of New Mexico, Mr. Ben Ray Lujaan of New 
 Mexico, Mr. Thompson of California, Mr. Blumenauer, Mr. Sherman, Mr. 
 Ryan of Ohio, Mr. DeSaulnier, Mrs. Capps, Mr. Murphy of Florida, Mr. 
  Serrano, and Mr. DeFazio) introduced the following bill; which was 
 referred to the Committee on House Administration, and in addition to 
the Committees on the Judiciary and Ways and Means, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL

 
   To amend the Federal Election Campaign Act of 1971 to provide for 
      additional disclosure requirements for corporations, labor 
       organizations, and other entities, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Disclosure of Information on 
Spending on Campaigns Leads to Open and Secure Elections Act of 2015'' 
or the ``DISCLOSE 2015 Act''.

SEC. 2. CAMPAIGN DISBURSEMENT REPORTING.

    (a) Information Required To Be Reported.--
            (1) Treatment of functional equivalent of express advocacy 
        as independent expenditure.--Subparagraph (A) of section 
        301(17) of the Federal Election Campaign Act of 1971 (52 U.S.C. 
        30101(17)) is amended to read as follows:
                    ``(A) that, when taken as a whole, expressly 
                advocates the election or defeat of a clearly 
                identified candidate, or is the functional equivalent 
                of express advocacy because it can be interpreted by a 
                reasonable person only as advocating the election or 
                defeat of a candidate, taking into account whether the 
                communication involved mentions a candidacy, a 
                political party, or a challenger to a candidate, or 
                takes a position on a candidate's character, 
                qualifications, or fitness for office; and''.
            (2) Expansion of period during which communications are 
        treated as electioneering communications.--Section 
        304(f)(3)(A)(i) of such Act (52 U.S.C. 30104(f)(3)(A)(i)) is 
        amended--
                    (A) by redesignating subclause (III) as subclause 
                (IV); and
                    (B) by striking subclause (II) and inserting the 
                following:
                                    ``(II) in the case of a 
                                communication which refers to a 
                                candidate for an office other than the 
                                President or Vice President, is made 
                                during the period beginning on January 
                                1 of the calendar year in which a 
                                general or runoff election is held and 
                                ending on the date of the general or 
                                runoff election (or in the case of a 
                                special election, during the period 
                                beginning on the date on which the 
                                announcement with respect to such 
                                election is made and ending on the date 
                                of the special election);
                                    ``(III) in the case of a 
                                communication which refers to a 
                                candidate for the office of President 
                                or Vice President, is made in any State 
                                during the period beginning 120 days 
                                before the first primary or preference 
                                election or a convention or caucus of a 
                                political party which has the authority 
                                to nominate a candidate for the office 
                                of President or Vice President is held 
                                in any State and ending on the date of 
                                the general election; and''.
            (3) Effective date; transition for electioneering 
        communications made prior to enactment.--The amendment made by 
        paragraph (2) shall apply with respect to communications made 
        on or after July 1, 2015, except that no communication which is 
        made prior to such date shall be treated as an electioneering 
        communication under section 304(f)(3)(A)(i) (II) or (III) of 
        the Federal Election Campaign Act of 1971 (as amended by 
        paragraph (2)) unless the communication would be treated as an 
        electioneering communication under such section if the 
        amendment made by paragraph (2) did not apply.
    (b) Disclosure Requirements for Corporations, Labor Organizations, 
and Certain Other Entities.--
            (1) In general.--Section 324 of the Federal Election 
        Campaign Act of 1971 (52 U.S.C. 30126) is amended to read as 
        follows:

``SEC. 324. DISCLOSURE OF CAMPAIGN-RELATED DISBURSEMENTS BY COVERED 
              ORGANIZATIONS.

    ``(a) Disclosure Statement.--
            ``(1) In general.--Any covered organization that makes 
        campaign-related disbursements aggregating more than $10,000 in 
        a calendar year shall, not later than 24 hours after each 
        disclosure date, file a statement with the Commission made 
        under penalty of perjury that contains the information 
        described in paragraph (2)--
                    ``(A) in the case of the first statement filed 
                under this subsection, for the period beginning on the 
                first day of the preceding calendar year and ending on 
                the first such disclosure date; and
                    ``(B) in the case of any subsequent statement filed 
                under this subsection, for the period beginning on the 
                previous disclosure date and ending on such disclosure 
                date.
            ``(2) Information described.--The information described in 
        this paragraph is as follows:
                    ``(A) The name of the covered organization and the 
                principal place of business of such organization.
                    ``(B) The amount of each campaign-related 
                disbursement made by such organization during the 
                period covered by the statement of more than $1,000.
                    ``(C) In the case of a campaign-related 
                disbursement that is not a covered transfer, the 
                election to which the campaign-related disbursement 
                pertains and if the disbursement is made for a public 
                communication, the name of any candidate identified in 
                such communication and whether such communication is in 
                support of or in opposition to a candidate.
                    ``(D) A certification by the chief executive 
                officer or person who is the head of the covered 
                organization that the campaign-related disbursement is 
                not made in cooperation, consultation, or concert with 
                or at the request or suggestion of a candidate, 
                authorized committee, or agent of a candidate, 
                political party, or agent of a political party.
                    ``(E) If the covered organization makes campaign-
                related disbursements using exclusively funds in a 
                segregated bank account consisting of funds that were 
                contributed, donated, transferred, or paid directly to 
                such account by persons other than the covered 
                organization that controls the account, for each 
                contribution, donation, transfer, payment of dues, or 
                other payment to the account--
                            ``(i) the name and address of each person 
                        who made such contribution, donation, transfer, 
                        payment of dues, or other payment during the 
                        period covered by the statement;
                            ``(ii) the date and amount of such 
                        contribution, donation, transfer, payment of 
                        dues, or other payment; and
                            ``(iii) the aggregate amount of all such 
                        contributions, donations, transfers, payments 
                        of dues, and other payments made by the person 
                        during the period beginning on the first day of 
                        the preceding calendar year and ending on the 
                        disclosure date;
                but only if such contribution, donation, transfer, 
                payment of dues, or other payment was made by a person 
                who made contributions, donations, transfers, payments 
                of dues, or payments to the account in an aggregate 
                amount of $10,000 or more during the period beginning 
                on the first day of the preceding calendar year and 
                ending on the disclosure date.
                    ``(F) Subject to paragraph (4), if the covered 
                organization makes campaign-related disbursements using 
                funds other than funds in a segregated bank account 
                described in subparagraph (E), for each contribution, 
                donation, transfer, or payment of dues to the covered 
                organization--
                            ``(i) the name and address of each person 
                        who made such contribution, donation, transfer, 
                        or payment of dues during the period covered by 
                        the statement;
                            ``(ii) the date and amount of such 
                        contribution, donation, transfer, or payment of 
                        dues; and
                            ``(iii) the aggregate amount of all such 
                        contributions, donations, transfers, and 
                        payments of dues made by the person during the 
                        period beginning on the first day of the 
                        preceding calendar year and ending on the 
                        disclosure date;
                but only if such contribution, donation, transfer, or 
                payment of dues was made by a person who made 
                contributions, donations, transfers, or payments of 
                dues to the covered organization in an aggregate amount 
                of $10,000 or more during the period beginning on the 
                first day of the preceding calendar year and ending on 
                the disclosure date.
            ``(3) Exceptions.--
                    ``(A) Amounts received in ordinary course of 
                business.--The requirement to include in a statement 
                filed under paragraph (1) the information described in 
                paragraph (2) shall not apply to amounts received by 
                the covered organization in the ordinary course of any 
                trade or business conducted by the covered organization 
                or in the form of investments in the covered 
                organization.
                    ``(B) Donor restriction on use of funds.--The 
                requirement to include in a statement submitted under 
                paragraph (1) the information described in subparagraph 
                (F) of paragraph (2) shall not apply if--
                            ``(i) the person described in such 
                        subparagraph prohibited, in writing, the use of 
                        the contribution, donation, transfer, payment 
                        of dues, or other payment made by such person 
                        for campaign-related disbursements; and
                            ``(ii) the covered organization agreed to 
                        follow the prohibition and deposited the 
                        contribution, donation, transfer, payment of 
                        dues, or other payment in an account which is 
                        segregated from any account used to make 
                        campaign-related disbursements.
            ``(4) Disclosure date.--
                    ``(A) In general.--Except as provided in 
                subparagraph (B), the term `disclosure date' means--
                            ``(i) the first date during any calendar 
                        year by which a person has made campaign-
                        related disbursements aggregating more than 
                        $10,000; and
                            ``(ii) each date following the date 
                        described in clause (i) during such calendar 
                        year by which a person has made campaign-
                        related disbursements aggregating more than 
                        $10,000.
                    ``(B) Disclosure date for certain transfers.--In 
                the case of a statement filed with respect to a 
                campaign-related disbursement which is a covered 
                transfer described in subsection (f)(1)(E), the term 
                `disclosure date' means the date on which the covered 
                organization making such transfer knew or should have 
                known that the recipient of such transfer made 
                campaign-related disbursements in an aggregate amount 
                of $50,000 or more during the 2-year period beginning 
                on the date of the transfer.
    ``(b) Coordination With Other Provisions.--
            ``(1) Other reports filed with the commission.--Information 
        included in a statement filed under this section may be 
        excluded from statements and reports filed under section 304.
            ``(2) Treatment as separate segregated fund.--A segregated 
        bank account referred to in subsection (a)(2)(E) may be treated 
        as a separate segregated fund for purposes of section 527(f)(3) 
        of the Internal Revenue Code of 1986.
    ``(c) Filing.--Statements required to be filed under subsection (a) 
shall be subject to the requirements of section 304(d) to the same 
extent and in the same manner as if such reports had been required 
under subsection (c) or (g) of section 304.
    ``(d) Campaign-Related Disbursement Defined.--In this section, the 
term `campaign-related disbursement' means a disbursement by a covered 
organization for any of the following:
            ``(1) An independent expenditure consisting of a public 
        communication, as defined in section 301(22).
            ``(2) An electioneering communication, as defined in 
        section 304(f)(3).
            ``(3) A covered transfer.
    ``(e) Covered Organization Defined.--In this section, the term 
`covered organization' means any of the following:
            ``(1) A corporation (other than an organization described 
        in section 501(c)(3) of the Internal Revenue Code of 1986).
            ``(2) An organization described in section 501(c) of such 
        Code and exempt from taxation under section 501(a) of such Code 
        (other than an organization described in section 501(c)(3) of 
        such Code).
            ``(3) A labor organization (as defined in section 316(b)).
            ``(4) Any political organization under section 527 of the 
        Internal Revenue Code of 1986, other than a political committee 
        under this Act (except as provided in paragraph (5)).
            ``(5) A political committee with an account established for 
        the purpose of accepting donations or contributions that do not 
        comply with the contribution limits or source prohibitions 
        under this Act, but only with respect to the accounts 
        established for such purpose.
    ``(f) Covered Transfer Defined.--
            ``(1) In general.--In this section, the term `covered 
        transfer' means any transfer or payment of funds by a covered 
        organization to another person if the covered organization--
                    ``(A) designates, requests, or suggests that the 
                amounts be used for--
                            ``(i) campaign-related disbursements (other 
                        than covered transfers); or
                            ``(ii) making a transfer to another person 
                        for the purpose of making or paying for such 
                        campaign-related disbursements;
                    ``(B) made such transfer or payment in response to 
                a solicitation or other request for a donation or 
                payment for--
                            ``(i) the making of or paying for campaign-
                        related disbursements (other than covered 
                        transfers); or
                            ``(ii) making a transfer to another person 
                        for the purpose of making or paying for such 
                        campaign-related disbursements;
                    ``(C) engaged in discussions with the recipient of 
                the transfer or payment regarding--
                            ``(i) the making of or paying for campaign-
                        related disbursements (other than covered 
                        transfers); or
                            ``(ii) donating or transferring any amount 
                        of such transfer or payment to another person 
                        for the purpose of making or paying for such 
                        campaign-related disbursements;
                    ``(D) made campaign-related disbursements (other 
                than a covered transfer) in an aggregate amount of 
                $50,000 or more during the 2-year period ending on the 
                date of the transfer or payment, or knew or had reason 
                to know that the person receiving the transfer or 
                payment made such disbursements in such an aggregate 
                amount during that 2-year period; or
                    ``(E) knew or had reason to know that the person 
                receiving the transfer or payment would make campaign-
                related disbursements in an aggregate amount of $50,000 
                or more during the 2-year period beginning on the date 
                of the transfer or payment.
            ``(2) Exclusions.--The term `covered transfer' does not 
        include any of the following:
                    ``(A) A disbursement made by a covered organization 
                in the ordinary course of any trade or business 
                conducted by the covered organization or in the form of 
                investments made by the covered organization.
                    ``(B) A disbursement made by a covered organization 
                if--
                            ``(i) the covered organization prohibited, 
                        in writing, the use of such disbursement for 
                        campaign-related disbursements; and
                            ``(ii) the recipient of the disbursement 
                        agreed to follow the prohibition and deposited 
                        the disbursement in an account which is 
                        segregated from any account used to make 
                        campaign-related disbursements.
            ``(3) Exception for certain transfers among affiliates.--
                    ``(A) Exception for certain transfers among 
                affiliates.--The term `covered transfer' does not 
                include an amount transferred by one covered 
                organization to another covered organization which is 
                treated as a transfer between affiliates under 
                subparagraph (B) if the aggregate amount transferred 
                during the year by such covered organization to that 
                same covered organization is equal to or less than 
                $50,000.
                    ``(B) Description of transfers between 
                affiliates.--A transfer of amounts from one covered 
                organization to another covered organization shall be 
                treated as a transfer between affiliates if--
                            ``(i) one of the organizations is an 
                        affiliate of the other organization; or
                            ``(ii) each of the organizations is an 
                        affiliate of the same organization;
                except that the transfer shall not be treated as a 
                transfer between affiliates if one of the organizations 
                is established for the purpose of making campaign-
                related disbursements.
                    ``(C) Determination of affiliate status.--For 
                purposes of subparagraph (B), a covered organization is 
                an affiliate of another covered organization if--
                            ``(i) the governing instrument of the 
                        organization requires it to be bound by 
                        decisions of the other organization;
                            ``(ii) the governing board of the 
                        organization includes persons who are 
                        specifically designated representatives of the 
                        other organization or are members of the 
                        governing board, officers, or paid executive 
                        staff members of the other organization, or 
                        whose service on the governing board is 
                        contingent upon the approval of the other 
                        organization; or
                            ``(iii) the organization is chartered by 
                        the other organization.
                    ``(D) Coverage of transfers to affiliated section 
                501(c)(3) organizations.--This paragraph shall apply 
                with respect to an amount transferred by a covered 
                organization to an organization described in paragraph 
                (3) of section 501(c) of the Internal Revenue Code of 
                1986 and exempt from tax under section 501(a) of such 
                Code in the same manner as this paragraph applies to an 
                amount transferred by a covered organization to another 
                covered organization.''.
            (2) Conforming amendment.--Section 304(f)(6) of such Act 
        (52 U.S.C. 30104) is amended by striking ``Any requirement'' 
        and inserting ``Except as provided in section 324(b), any 
        requirement''.

SEC. 3. STAND BY YOUR AD.

    (a) Disclaimer Requirements for Campaign-Related Disbursements.--
Section 318(a) of the Federal Election Campaign Act of 1971 (52 U.S.C. 
30120(a)) is amended by striking ``for the purpose of financing 
communications expressly advocating the election or defeat of a clearly 
identified candidate'' and inserting ``for a campaign-related 
disbursement, as defined in section 324, consisting of a public 
communication''.
    (b) Stand by Your Ad Requirements.--
            (1) Maintenance of requirements for political parties and 
        certain political committees.--Section 318(d)(2) of such Act 
        (52 U.S.C. 30120(d)(2)) is amended--
                    (A) in the heading, by striking ``others'' and 
                inserting ``certain political committees'';
                    (B) by inserting ``which (except to the extent 
                provided in the last sentence of this paragraph) is 
                paid for by a political committee (including a 
                political committee of a political party) and'' after 
                ``subsection (a)'';
                    (C) by striking ``or other person'' each place it 
                appears; and
                    (D) by adding at the end the following: ``This 
                paragraph does not apply to a communication paid for in 
                whole or in part with a payment which is treated as a 
                campaign-related disbursement under section 324 and 
                with respect to which a covered organization files a 
                statement under such section.''.
            (2) Special disclaimer requirements for certain 
        communications.--Section 318 of such Act (52 U.S.C. 30120) is 
        amended by adding at the end the following new subsection:
    ``(e) Communications by Others.--
            ``(1) In general.--Any communication described in paragraph 
        (3) of subsection (a) which is transmitted through radio or 
        television (other than a communication to which subsection 
        (d)(2) applies) shall include, in addition to the requirements 
        of such paragraph, the following:
                    ``(A) The individual disclosure statement described 
                in paragraph (2)(A) (if the person paying for the 
                communication is an individual) or the organizational 
                disclosure statement described in paragraph (2)(B) (if 
                the person paying for the communication is not an 
                individual).
                    ``(B) If the communication is transmitted through 
                television and is paid for in whole or in part with a 
                payment which is treated as a campaign-related 
                disbursement under section 324, the Top Five Funders 
                list (if applicable), unless, on the basis of criteria 
                established in regulations issued by the Commission, 
                the communication is of such short duration that 
                including the Top Five Funders list in the 
                communication would constitute a hardship to the person 
                paying for the communication by requiring a 
                disproportionate amount of the content of the 
                communication to consist of the Top Five Funders list.
                    ``(C) If the communication is transmitted through 
                radio and is paid for in whole or in part with a 
                payment which is treated as a campaign-related 
                disbursement under section 324, the Top Two Funders 
                list (if applicable), unless, on the basis of criteria 
                established in regulations issued by the Commission, 
                the communication is of such short duration that 
                including the Top Two Funders list in the communication 
                would constitute a hardship to the person paying for 
                the communication by requiring a disproportionate 
                amount of the content of the communication to consist 
                of the Top Two Funders list.
            ``(2) Disclosure statements described.--
                    ``(A) Individual disclosure statements.--The 
                individual disclosure statement described in this 
                subparagraph is the following: `I am ________, and I 
                approve this message.', with the blank filled in with 
                the name of the applicable individual.
                    ``(B) Organizational disclosure statements.--The 
                organizational disclosure statement described in this 
                subparagraph is the following: `I am ________, the 
                ________ of ________, and ________ approves this 
                message.', with--
                            ``(i) the first blank to be filled in with 
                        the name of the applicable individual;
                            ``(ii) the second blank to be filled in 
                        with the title of the applicable individual; 
                        and
                            ``(iii) the third and fourth blank each to 
                        be filled in with the name of the organization 
                        or other person paying for the communication.
            ``(3) Method of conveyance of statement.--
                    ``(A) Communications transmitted through radio.--In 
                the case of a communication to which this subsection 
                applies which is transmitted through radio, the 
                disclosure statements required under paragraph (1) 
                shall be made by audio by the applicable individual in 
                a clearly spoken manner.
                    ``(B) Communications transmitted through 
                television.--In the case of a communication to which 
                this subsection applies which is transmitted through 
                television, the information required under paragraph 
                (1)--
                            ``(i) shall appear in writing at the end of 
                        the communication or in a crawl along the 
                        bottom of the communication in a clearly 
                        readable manner, with a reasonable degree of 
                        color contrast between the background and the 
                        printed statement, for a period of at least 6 
                        seconds; and
                            ``(ii) shall also be conveyed by an 
                        unobscured, full-screen view of the applicable 
                        individual or by the applicable individual 
                        making the statement in voice-over accompanied 
                        by a clearly identifiable photograph or similar 
                        image of the individual, except in the case of 
                        a Top Five Funders list.
            ``(4) Definitions.--In this subsection:
                    ``(A) Applicable individual.--The term `applicable 
                individual' means, with respect to a communication to 
                which this subsection applies--
                            ``(i) if the communication is paid for by 
                        an individual, the individual involved;
                            ``(ii) if the communication is paid for by 
                        a corporation, the chief executive officer of 
                        the corporation (or, if the corporation does 
                        not have a chief executive officer, the highest 
                        ranking official of the corporation);
                            ``(iii) if the communication is paid for by 
                        a labor organization, the highest ranking 
                        officer of the labor organization; and
                            ``(iv) if the communication is paid for by 
                        any other person, the highest ranking official 
                        of such person.
                    ``(B) Covered organization and campaign-related 
                disbursement.--The terms `campaign-related 
                disbursement' and `covered organization' have the 
                meaning given such terms in section 324.
                    ``(C) Top five funders list.--The term `Top Five 
                Funders list' means, with respect to a communication 
                paid for in whole or in part with a payment which is 
                treated as a campaign-related disbursement under 
                section 324, a list of the five persons who provided 
                the largest payments of any type in an aggregate amount 
                equal to or exceeding $10,000 which are required under 
                section 324(a) to be included in the reports filed by a 
                covered organization with respect to such communication 
                during the 12-month period ending on the date of the 
                disbursement and the amount of the payments each such 
                person provided. If two or more people provided the 
                fifth largest of such payments, the covered 
                organization involved shall select one of those persons 
                to be included on the Top Five Funders list.
                    ``(D) Top two funders list.--The term `Top Two 
                Funders list' means, with respect to a communication 
                paid for in whole or in part with a payment which is 
                treated as a campaign-related disbursement under 
                section 324, a list of the persons who provided the 
                largest and the second largest payments of any type in 
                an aggregate amount equal to or exceeding $10,000 which 
                are required under section 324(a) to be included in the 
                reports filed by a covered organization with respect to 
                such communication during the 12-month period ending on 
                the date of the disbursement and the amount of the 
                payments each such person provided. If two or more 
                persons provided the second largest of such payments, 
                the covered organization involved shall select one of 
                those persons to be included on the Top Two Funders 
                list.''.

SEC. 4. SHAREHOLDERS' AND MEMBERS' RIGHT TO KNOW.

    Title III of the Federal Election Campaign Act of 1971 (52 U.S.C. 
30101 et seq.) is amended by adding at the end the following new 
section:

``SEC. 325. DISCLOSURES BY COVERED ORGANIZATIONS TO SHAREHOLDERS, 
              MEMBERS, AND DONORS OF INFORMATION ON CAMPAIGN-RELATED 
              DISBURSEMENTS.

    ``(a) Information on Campaign-Related Disbursements To Be Included 
in Periodic Reports.--A covered organization which submits regular, 
periodic reports to its shareholders, members, or donors on its 
finances or activities shall include in each such report, in a clear 
and conspicuous manner, the information included in the statements 
filed by the organization under section 324 with respect to the 
campaign-related disbursements made by the organization during the 
period covered by the report.
    ``(b) Hyperlink to Information Included in Reports Filed With 
Commission.--
            ``(1) Required posting of hyperlink.--If a covered 
        organization maintains an Internet site, the organization shall 
        post on such Internet site a hyperlink from its homepage to the 
        location on the Internet site of the Commission which contains 
        the information included in the statements filed by the 
        organization under section 324 with respect to campaign-related 
        disbursements.
            ``(2) Deadline; duration of posting.--The covered 
        organization shall post the hyperlink described in paragraph 
        (1) not later than 24 hours after the Commission posts the 
        information described in such paragraph on the Internet site of 
        the Commission, and shall ensure that the hyperlink remains on 
        the Internet site of the covered organization until the 
        expiration of the 1-year period which begins on the date of the 
        election with respect to which the campaign-related 
        disbursements are made.
    ``(c) Definitions.--The terms `campaign-related disbursement' and 
`covered organization' have the meanings given such terms in section 
324.''.

SEC. 5. LOBBYISTS' CAMPAIGN FUNDING DISCLOSURE.

    (a) Disclosure of Independent Expenditures and Electioneering 
Communications.--Section 5(d)(1) of the Lobbying Disclosure Act of 1995 
(2 U.S.C. 1604(d)(1)) is amended--
            (1) by striking ``and'' at the end of subparagraph (F);
            (2) by redesignating subparagraph (G) as subparagraph (I); 
        and
            (3) by inserting after subparagraph (F) the following new 
        subparagraphs:
                    ``(G) the amount of any independent expenditure (as 
                defined in section 301(17) of the Federal Election 
                Campaign Act of 1971 (52 U.S.C. 30101(17))) equal to or 
                greater than $1,000 made by such person or 
                organization, and for each such expenditure the name of 
                each candidate being supported or opposed and the 
                amount spent supporting or opposing each such 
                candidate;
                    ``(H) the amount of any electioneering 
                communication (as defined in section 304(f)(3) of such 
                Act (52 U.S.C. 30104(f)(3))) equal to or greater than 
                $1,000 made by such person or organization, and for 
                each such communication the name of the candidate 
                referred to in the communication and whether the 
                communication involved was in support of or in 
                opposition to the candidate; and''.
    (b) Disclosure of Amounts Provided to Certain Political 
Committees.--Section 5(d)(1)(D) of such Act (2 U.S.C. 1605(d)(1)(D)) is 
amended by striking ``or political party committee,'' and inserting the 
following: ``political party committee, or political committee which is 
treated as a covered organization under section 324(f)(1)(D) of the 
Federal Election Campaign Act of 1971,''.
    (c) Effective Date.--The amendments made by this section shall 
apply with respect to reports for semiannual periods described in 
section 5(d)(1) of the Lobbying Disclosure Act of 1995 that begin after 
the date of the enactment of this Act.

SEC. 6. SEVERABILITY.

    If any provision of this Act or amendment made by this Act, or the 
application of a provision or amendment to any person or circumstance, 
is held to be unconstitutional, the remainder of this Act and 
amendments made by this Act, and the application of the provisions and 
amendment to any person or circumstance, shall not be affected by the 
holding.

SEC. 7. EFFECTIVE DATE.

    Except as provided in section 5, the amendments made by this Act 
shall apply with respect to disbursements made on or after July 1, 
2015.
                                 <all>
```