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[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2529 Introduced in House (IH)]

108th CONGRESS
  1st Session
                                H. R. 2529

To amend the Federal Election Campaign Act of 1971 to require not less 
 than 75 percent of the amount of individual contributions accepted by 
 Congressional candidates to come from in-State residents, to increase 
            disclosure requirements, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             June 19, 2003

 Mr. Hoekstra introduced the following bill; which was referred to the 
                   Committee on House Administration

_______________________________________________________________________

                                 A BILL

 
To amend the Federal Election Campaign Act of 1971 to require not less 
 than 75 percent of the amount of individual contributions accepted by 
 Congressional candidates to come from in-State residents, to increase 
            disclosure requirements, 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 ``Accountability and Transparency in 
Federal Campaigns Act of 2003''.

SEC. 2. FINDINGS.

    Congress finds as follows:
            (1) While provisions in the Bipartisan Campaign Reform Act 
        of 2002 took steps to make changes to the Nation's campaign 
        finance system, the Act did not make sufficient improvements to 
        disclosure requirements for candidate campaign committees.
            (2) Current laws regulating the campaign finance system are 
        inadequate for the purposes of accessibility and timeliness in 
        the disclosure of campaign contributions and do not provide for 
        sufficient accountability of candidates to the voters.

SEC. 3. REQUIRING 75 PERCENT OF AMOUNT OF INDIVIDUAL CONTRIBUTIONS 
              ACCEPTED BY CONGRESSIONAL CANDIDATES TO COME FROM IN-
              STATE RESIDENTS.

    (a) In General.--Section 315 of the Federal Election Campaign Act 
of 1971 (2 U.S.C. 441a), as amended by section 304(a) of the Bipartisan 
Campaign Reform Act of 2002, is amended by adding at the end the 
following new subsection:
    ``(k)(1) The total amount of contributions accepted with respect to 
an election by a candidate for the office of Senator or the office of 
Representative in, or Delegate or Resident Commissioner to, the 
Congress from in-State individual residents shall be at least 75 
percent of the total amount of contributions accepted from all 
individuals.
    ``(2) As used in this subsection, the term `in-State individual 
resident' means an individual who resides in the State in which the 
election involved is held.''.
    (b) Reporting Requirements.--Section 304 of such Act (2 U.S.C. 
434), as amended by section 308(b) of the Bipartisan Campaign Reform 
Act of 2002, is amended by adding at the end the following new 
subsection:
    ``(i) Each principal campaign committee of a candidate for the 
Senate or the House of Representatives shall include the following 
information in the first report filed under subsection (a)(2) which 
covers the period which begins 19 days before an election and ends 20 
days after the election:
            ``(1) The total contributions received by the committee 
        with respect to the election involved from in-State individual 
        residents (as defined in section 315(k)(2)), as of the last day 
        of the period covered by the report.
            ``(2) The total contributions received by the committee 
        with respect to the election involved from all individuals, as 
        of the last day of the period covered by the report.''.

SEC. 4. REQUIRING MONTHLY REPORTING OF ALL CONTRIBUTIONS OF $200 OR 
              MORE.

    Section 304 of the Federal Election Campaign Act of 1971 (2 U.S.C. 
434), as amended by section 3(b), is amended by adding at the end the 
following new subsection:
    ``(j)(1) Except as provided in paragraph (3), each authorized 
committee of a candidate shall file a monthly report with the 
Commission of all contributions of $200 or more which are received by 
the committee during the month, and shall include for each contribution 
reported the identification of the contributor, the date of receipt and 
amount of the contribution, the name of the candidate, and the office 
sought by the candidate.
    ``(2) A committee shall file the report required under paragraph 
(1) with respect to a month not later than the 10th day after the last 
day of the month.
    ``(3) Paragraph (1) shall not apply to any contribution for which 
the information required to be reported under this subsection is 
otherwise required to be reported to the Commission prior to the 
deadline applicable under paragraph (2).
    ``(4) The report required under paragraph (1) shall be in addition 
to all other reports required under this Act.''.

SEC. 5. EFFECTIVE DATE.

    The amendments made by this Act shall apply with respect to 
elections occurring on or after the date of the enactment of this Act.
                                 <all>
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