I 

115TH CONGRESS 

1ST SESSION H. R. 1134 

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 

FEBRUARY 16, 2017 

Mr. CICILLINE (for himself, Mr. AGUILAR, Mr. BLUMENAUER, Ms. BONAMICI, 

Mr. BRENDAN F. BOYLE of Pennsylvania, Ms. BROWNLEY of California, 

Mrs. BUSTOS, Mr. CAPUANO, Mr. CA ́RDENAS, Ms. CASTOR of Florida, 

Mr. CONYERS, Ms. JUDY CHU of California, Ms. CLARK of Massachusetts, Mr. CLYBURN, Mr. CROWLEY, Mr. CUMMINGS, Mr. COHEN, Mr. 

CONNOLLY, Mr. COURTNEY, Mr. DANNY K. DAVIS of Illinois, Mrs. DAVIS

of California, Mr. DEFAZIO, Ms. DEGETTE, Mr. DELANEY, Ms. 

DELAURO, Ms. DELBENE, Mr. DEUTCH, Mr. ENGEL, Ms. ESHOO, Ms. 

ESTY, Mr. EVANS, Mr. GENE GREEN of Texas, Mr. GRIJALVA, Mr. 

GUTIE ́RREZ, Mr. HASTINGS, Mr. HECK, Mr. HIGGINS of New York, Ms. 

EDDIE BERNICE JOHNSON of Texas, Ms. KAPTUR, Mr. KEATING, Mr. 

KILDEE, Mr. KILMER, Mr. KIHUEN, Ms. KUSTER of New Hampshire, 

Mr. LANGEVIN, Mr. LARSEN of Washington, Ms. LEE, Mr. LEVIN, Mr. 

TED LIEU of California, Mr. LIPINSKI, Mr. LOEBSACK, Mr. LYNCH, Mr. 

BEN RAY LUJA ́N of New Mexico, Ms. MICHELLE LUJAN GRISHAM of 

New Mexico, Mrs. CAROLYN B. MALONEY of New York, Mr. SEAN PATRICK MALONEY of New York, Ms. MATSUI, Ms. MCCOLLUM, Mr. MCGOVERN, Mr. MEEKS, Mr. NADLER, Mr. NOLAN, Mr. NORCROSS, Ms. NORTON, Mr. PALLONE, Mr. PASCRELL, Mr. PETERS, Ms. PINGREE, Mr. 

POCAN, Mr. POLIS, Mr. QUIGLEY, Miss RICE of New York, Mr. RUPPERSBERGER, Mr. RYAN of Ohio, Ms. SCHAKOWSKY, Mr. SCHIFF, Mr. 

SERRANO, Ms. SHEA-PORTER, Ms. SLAUGHTER, Mr. SOTO, Mr. 

SWALWELL of California, Mr. TONKO, Ms. TITUS, Mrs. TORRES, Ms. 

TSONGAS, Mr. WELCH, Mr. YARMUTH, Ms. PELOSI, Mr. RICHMOND, Mr. 

SARBANES, Mr. HIMES, Mrs. WATSON COLEMAN, Mr. GALLEGO, Mr. 

VARGAS, Mr. SIRES, Mr. MCNERNEY, Ms. JAYAPAL, Mrs. NAPOLITANO, 

Mr. KHANNA, Mr. AL GREEN of Texas, Mr. GARAMENDI, Mr. FOSTER, 

Ms. VELA ́ZQUEZ, Ms. WILSON of Florida, Mr. COSTA, Mr. ELLISON, Ms. 

GABBARD, Mrs. LOWEY, Mr. PAYNE, Mr. SMITH of Washington, Mr. 

THOMPSON of California, Mrs. DEMINGS, Mr. TAKANO, Ms. SEWELL of 

Alabama, Mrs. LAWRENCE, and Mr. RASKIN) introduced the following 

bill; which was referred to the Committee on House Administration, and 


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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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Disclosure of Informa5 tion on Spending on Campaigns Leads to Open and Se6 cure Elections Act of 2017’’ or the ‘‘DISCLOSE 2017 

7 Act’’. 

8 SEC. 2. CAMPAIGN DISBURSEMENT REPORTING. 

9 (a) INFORMATION REQUIRED TO BE REPORTED.— 

10 (1) TREATMENT OF FUNCTIONAL EQUIVALENT

11 OF EXPRESS ADVOCACY AS INDEPENDENT EXPENDI12 TURE.—Subparagraph (A) of section 301(17) of the 

13 Federal Election Campaign Act of 1971 (52 U.S.C. 

14 30101(17)) is amended to read as follows: 

15 ‘‘(A) that, when taken as a whole, ex16 pressly advocates the election or defeat of a 

17 clearly identified candidate, or is the functional 


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1 equivalent of express advocacy because it can be 

2 interpreted by a reasonable person only as ad3 vocating the election or defeat of a candidate, 

4 taking into account whether the communication 

5 involved mentions a candidacy, a political party, 

6 or a challenger to a candidate, or takes a posi7 tion on a candidate’s character, qualifications, 

8 or fitness for office; and’’. 

9 (2) EXPANSION OF PERIOD DURING WHICH

10 COMMUNICATIONS ARE TREATED AS ELECTION11 EERING COMMUNICATIONS.—Section 304(f)(3)(A)(i) 

12 of such Act (52 U.S.C. 30104(f)(3)(A)(i)) is amend13 ed— 

14 (A) by redesignating subclause (III) as 

15 subclause (IV); and 

16 (B) by striking subclause (II) and insert17 ing the following: 

18 ‘‘(II) in the case of a communica19 tion which refers to a candidate for an 

20 office other than the President or Vice 

21 President, is made during the period 

22 beginning on January 1 of the cal23 endar year in which a general or run24 off election is held and ending on the 

25 date of the general or runoff election 


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1 (or in the case of a special election, 

2 during the period beginning on the 

3 date on which the announcement with 

4 respect to such election is made and 

5 ending on the date of the special elec6 tion); 

7 ‘‘(III) in the case of a commu8 nication which refers to a candidate 

9 for the office of President or Vice 

10 President, is made in any State dur11 ing the period beginning 120 days be12 fore the first primary or preference 

13 election or a convention or caucus of 

14 a political party which has the author15 ity to nominate a candidate for the of16 fice of President or Vice President is 

17 held in any State and ending on the 

18 date of the general election; and’’. 

19 (3) EFFECTIVE DATE; TRANSITION FOR ELEC20 TIONEERING COMMUNICATIONS MADE PRIOR TO EN21 ACTMENT.—The amendment made by paragraph (2) 

22 shall apply with respect to communications made on 

23 or after July 1, 2017, except that no communication 

24 which is made prior to such date shall be treated as 

25 an electioneering communication under section 


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1 304(f)(3)(A)(i) (II) or (III) of the Federal Election 

2 Campaign Act of 1971 (as amended by paragraph 

3 (2)) unless the communication would be treated as 

4 an electioneering communication under such section 

5 if the amendment made by paragraph (2) did not 

6 apply. 

7 (b) DISCLOSURE REQUIREMENTS FOR CORPORA8 TIONS, LABOR ORGANIZATIONS, AND CERTAIN OTHER

9 ENTITIES.— 

10 (1) IN GENERAL.—Section 324 of the Federal 

11 Election Campaign Act of 1971 (52 U.S.C. 30126) 

12 is amended to read as follows: 

13 ‘‘SEC. 324. DISCLOSURE OF CAMPAIGN-RELATED DISBURSE14 MENTS BY COVERED ORGANIZATIONS. 

15 ‘‘(a) DISCLOSURE STATEMENT.— 

16 ‘‘(1) IN GENERAL.—Any covered organization 

17 that makes campaign-related disbursements aggre18 gating more than $10,000 in a calendar year shall, 

19 not later than 24 hours after each disclosure date, 

20 file a statement with the Commission made under 

21 penalty of perjury that contains the information de22 scribed in paragraph (2)— 

23 ‘‘(A) in the case of the first statement filed 

24 under this subsection, for the period beginning 

25 on the first day of the preceding calendar year 


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1 and ending on the first such disclosure date; 

2 and 

3 ‘‘(B) in the case of any subsequent state4 ment filed under this subsection, for the period 

5 beginning on the previous disclosure date and 

6 ending on such disclosure date. 

7 ‘‘(2) INFORMATION DESCRIBED.—The informa8 tion described in this paragraph is as follows: 

9 ‘‘(A) The name of the covered organization 

10 and the principal place of business of such or11 ganization. 

12 ‘‘(B) The amount of each campaign-related 

13 disbursement made by such organization during 

14 the period covered by the statement of more 

15 than $1,000. 

16 ‘‘(C) In the case of a campaign-related dis17 bursement that is not a covered transfer, the 

18 election to which the campaign-related disburse19 ment pertains and if the disbursement is made 

20 for a public communication, the name of any 

21 candidate identified in such communication and 

22 whether such communication is in support of or 

23 in opposition to a candidate. 

24 ‘‘(D) A certification by the chief executive 

25 officer or person who is the head of the covered 


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1 organization that the campaign-related dis2 bursement is not made in cooperation, consulta3 tion, or concert with or at the request or sug4 gestion of a candidate, authorized committee, or 

5 agent of a candidate, political party, or agent of 

6 a political party. 

7 ‘‘(E) If the covered organization makes 

8 campaign-related disbursements using exclu9 sively funds in a segregated bank account con10 sisting of funds that were contributed, donated, 

11 transferred, or paid directly to such account by 

12 persons other than the covered organization 

13 that controls the account, for each contribution, 

14 donation, transfer, payment of dues, or other 

15 payment to the account— 

16 ‘‘(i) the name and address of each 

17 person who made such contribution, dona18 tion, transfer, payment of dues, or other 

19 payment during the period covered by the 

20 statement; 

21 ‘‘(ii) the date and amount of such 

22 contribution, donation, transfer, payment 

23 of dues, or other payment; and 

24 ‘‘(iii) the aggregate amount of all such 

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1 ments of dues, and other payments made 

2 by the person during the period beginning 

3 on the first day of the preceding calendar 

4 year and ending on the disclosure date, 

5 but only if such contribution, donation, trans6 fer, payment of dues, or other payment was 

7 made by a person who made contributions, do8 nations, transfers, payments of dues, or pay9 ments to the account in an aggregate amount 

10 of $10,000 or more during the period beginning 

11 on the first day of the preceding calendar year 

12 and ending on the disclosure date. 

13 ‘‘(F) Subject to paragraph (4), if the cov14 ered organization makes campaign-related dis15 bursements using funds other than funds in a 

16 segregated bank account described in subpara17 graph (E), for each contribution, donation, 

18 transfer, or payment of dues to the covered or19 ganization— 

20 ‘‘(i) the name and address of each 

21 person who made such contribution, dona22 tion, transfer, or payment of dues during 

23 the period covered by the statement; 


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1 ‘‘(ii) the date and amount of such 

2 contribution, donation, transfer, or pay3 ment of dues; and 

4 ‘‘(iii) the aggregate amount of all such 

5 contributions, donations, transfers, and 

6 payments of dues made by the person dur7 ing the period beginning on the first day of 

8 the preceding calendar year and ending on 

9 the disclosure date, 

10 but only if such contribution, donation, trans11 fer, or payment of dues was made by a person 

12 who made contributions, donations, transfers, 

13 or payments of dues to the covered organization 

14 in an aggregate amount of $10,000 or more 

15 during the period beginning on the first day of 

16 the preceding calendar year and ending on the 

17 disclosure date. 

18 ‘‘(3) EXCEPTIONS.— 

19 ‘‘(A) AMOUNTS RECEIVED IN ORDINARY

20 COURSE OF BUSINESS.—The requirement to in21 clude in a statement filed under paragraph (1) 

22 the information described in paragraph (2) 

23 shall not apply to amounts received by the cov24 ered organization in the ordinary course of any 

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1 ganization or in the form of investments in the 

2 covered organization. 

3 ‘‘(B) DONOR RESTRICTION ON USE OF

4 FUNDS.—The requirement to include in a state5 ment submitted under paragraph (1) the infor6 mation described in subparagraph (F) of para7 graph (2) shall not apply if— 

8 ‘‘(i) the person described in such sub9 paragraph prohibited, in writing, the use of 

10 the contribution, donation, transfer, pay11 ment of dues, or other payment made by 

12 such person for campaign-related disburse13 ments; and 

14 ‘‘(ii) the covered organization agreed 

15 to follow the prohibition and deposited the 

16 contribution, donation, transfer, payment 

17 of dues, or other payment in an account 

18 which is segregated from any account used 

19 to make campaign-related disbursements. 

20 ‘‘(4) DISCLOSURE DATE.— 

21 ‘‘(A) IN GENERAL.—Except as provided in 

22 subparagraph (B), the term ‘disclosure date’ 

23 means— 

24 ‘‘(i) the first date during any calendar 

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1 paign-related disbursements aggregating 

2 more than $10,000; and 

3 ‘‘(ii) each date following the date de4 scribed in clause (i) during such calendar 

5 year by which a person has made cam6 paign-related disbursements aggregating 

7 more than $10,000. 

8 ‘‘(B) DISCLOSURE DATE FOR CERTAIN

9 TRANSFERS.—In the case of a statement filed 

10 with respect to a campaign-related disburse11 ment which is a covered transfer described in 

12 subsection (f)(1)(E), the term ‘disclosure date’ 

13 means the date on which the covered organiza14 tion making such transfer knew or should have 

15 known that the recipient of such transfer made 

16 campaign-related disbursements in an aggre17 gate amount of $50,000 or more during the 2- 

18 year period beginning on the date of the trans19 fer. 

20 ‘‘(b) COORDINATION WITH OTHER PROVISIONS.— 

21 ‘‘(1) OTHER REPORTS FILED WITH THE COM22 MISSION.—Information included in a statement filed 

23 under this section may be excluded from statements 

24 and reports filed under section 304. 


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1 ‘‘(2) TREATMENT AS SEPARATE SEGREGATED

2 FUND.—A segregated bank account referred to in 

3 subsection (a)(2)(E) may be treated as a separate 

4 segregated fund for purposes of section 527(f)(3) of 

5 the Internal Revenue Code of 1986. 

6 ‘‘(c) FILING.—Statements required to be filed under 

7 subsection (a) shall be subject to the requirements of sec8 tion 304(d) to the same extent and in the same manner 

9 as if such reports had been required under subsection (c) 

10 or (g) of section 304. 

11 ‘‘(d) CAMPAIGN-RELATED DISBURSEMENT DE12 FINED.—In this section, the term ‘campaign-related dis13 bursement’ means a disbursement by a covered organiza14 tion for any of the following: 

15 ‘‘(1) An independent expenditure consisting of a 

16 public communication, as defined in section 301(22). 

17 ‘‘(2) An electioneering communication, as de18 fined in section 304(f)(3). 

19 ‘‘(3) A covered transfer. 

20 ‘‘(e) COVERED ORGANIZATION DEFINED.—In this 

21 section, the term ‘covered organization’ means any of the 

22 following: 

23 ‘‘(1) A corporation (other than an organization 

24 described in section 501(c)(3) of the Internal Rev25 enue Code of 1986). 


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1 ‘‘(2) An organization described in section 

2 501(c) of such Code and exempt from taxation 

3 under section 501(a) of such Code (other than an 

4 organization described in section 501(c)(3) of such 

5 Code). 

6 ‘‘(3) A labor organization (as defined in section 

7 316(b)). 

8 ‘‘(4) Any political organization under section 

9 527 of the Internal Revenue Code of 1986, other 

10 than a political committee under this Act (except as 

11 provided in paragraph (5)). 

12 ‘‘(5) A political committee with an account es13 tablished for the purpose of accepting donations or 

14 contributions that do not comply with the contribu15 tion limits or source prohibitions under this Act, but 

16 only with respect to the accounts established for 

17 such purpose. 

18 ‘‘(f) COVERED TRANSFER DEFINED.— 

19 ‘‘(1) IN GENERAL.—In this section, the term 

20 ‘covered transfer’ means any transfer or payment of 

21 funds by a covered organization to another person if 

22 the covered organization— 

23 ‘‘(A) designates, requests, or suggests that 

24 the amounts be used for— 


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1 ‘‘(i) campaign-related disbursements 

2 (other than covered transfers); or 

3 ‘‘(ii) making a transfer to another 

4 person for the purpose of making or pay5 ing for such campaign-related disburse6 ments; 

7 ‘‘(B) made such transfer or payment in re8 sponse to a solicitation or other request for a 

9 donation or payment for— 

10 ‘‘(i) the making of or paying for cam11 paign-related disbursements (other than 

12 covered transfers); or 

13 ‘‘(ii) making a transfer to another 

14 person for the purpose of making or pay15 ing for such campaign-related disburse16 ments; 

17 ‘‘(C) engaged in discussions with the re18 cipient of the transfer or payment regarding— 

19 ‘‘(i) the making of or paying for cam20 paign-related disbursements (other than 

21 covered transfers); or 

22 ‘‘(ii) donating or transferring any 

23 amount of such transfer or payment to an24 other person for the purpose of making or 


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1 paying for such campaign-related disburse2 ments; 

3 ‘‘(D) made campaign-related disburse4 ments (other than a covered transfer) in an ag5 gregate amount of $50,000 or more during the 

6 2-year period ending on the date of the transfer 

7 or payment, or knew or had reason to know 

8 that the person receiving the transfer or pay9 ment made such disbursements in such an ag10 gregate amount during that 2-year period; or 

11 ‘‘(E) knew or had reason to know that the 

12 person receiving the transfer or payment would 

13 make campaign-related disbursements in an ag14 gregate amount of $50,000 or more during the 

15 2-year period beginning on the date of the 

16 transfer or payment. 

17 ‘‘(2) EXCLUSIONS.—The term ‘covered transfer’ 

18 does not include any of the following: 

19 ‘‘(A) A disbursement made by a covered 

20 organization in the ordinary course of any trade 

21 or business conducted by the covered organiza22 tion or in the form of investments made by the 

23 covered organization. 

24 ‘‘(B) A disbursement made by a covered 

25 organization if— 


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1 ‘‘(i) the covered organization prohib2 ited, in writing, the use of such disburse3 ment for campaign-related disbursements; 

4 and 

5 ‘‘(ii) the recipient of the disbursement 

6 agreed to follow the prohibition and depos7 ited the disbursement in an account which 

8 is segregated from any account used to 

9 make campaign-related disbursements. 

10 ‘‘(3) EXCEPTION FOR CERTAIN TRANSFERS

11 AMONG AFFILIATES.— 

12 ‘‘(A) EXCEPTION FOR CERTAIN TRANS13 FERS AMONG AFFILIATES.—The term ‘covered 

14 transfer’ does not include an amount trans15 ferred by one covered organization to another 

16 covered organization which is treated as a 

17 transfer between affiliates under subparagraph 

18 (B) if the aggregate amount transferred during 

19 the year by such covered organization to that 

20 same covered organization is equal to or less 

21 than $50,000. 

22 ‘‘(B) DESCRIPTION OF TRANSFERS BE23 TWEEN AFFILIATES.—A transfer of amounts 

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1 ered organization shall be treated as a transfer 

2 between affiliates if— 

3 ‘‘(i) one of the organizations is an af4 filiate of the other organization; or 

5 ‘‘(ii) each of the organizations is an 

6 affiliate of the same organization, 

7 except that the transfer shall not be treated as 

8 a transfer between affiliates if one of the orga9 nizations is established for the purpose of mak10 ing campaign-related disbursements. 

11 ‘‘(C) DETERMINATION OF AFFILIATE STA12 TUS.—For purposes of subparagraph (B), a 

13 covered organization is an affiliate of another 

14 covered organization if— 

15 ‘‘(i) the governing instrument of the 

16 organization requires it to be bound by de17 cisions of the other organization; 

18 ‘‘(ii) the governing board of the orga19 nization includes persons who are specifi20 cally designated representatives of the 

21 other organization or are members of the 

22 governing board, officers, or paid executive 

23 staff members of the other organization, or 

24 whose service on the governing board is 


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1 contingent upon the approval of the other 

2 organization; or 

3 ‘‘(iii) the organization is chartered by 

4 the other organization. 

5 ‘‘(D) COVERAGE OF TRANSFERS TO AF6 FILIATED SECTION 501(c)(3) ORGANIZA7 TIONS.—This paragraph shall apply with re8 spect to an amount transferred by a covered or9 ganization to an organization described in para10 graph (3) of section 501(c) of the Internal Rev11 enue Code of 1986 and exempt from tax under 

12 section 501(a) of such Code in the same man13 ner as this paragraph applies to an amount 

14 transferred by a covered organization to an15 other covered organization.’’. 

16 (2) CONFORMING AMENDMENT.—Section 

17 304(f)(6) of such Act (52 U.S.C. 30104) is amended 

18 by striking ‘‘Any requirement’’ and inserting ‘‘Ex19 cept as provided in section 324(b), any require20 ment’’. 

21 SEC. 3. STAND BY YOUR AD. 

22 (a) DISCLAIMER REQUIREMENTS FOR CAMPAIGN-RE23 LATED DISBURSEMENTS.—Section 318(a) of the Federal 

24 Election Campaign Act of 1971 (52 U.S.C. 30120(a)) is 

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1 nications expressly advocating the election or defeat of a 

2 clearly identified candidate’’ and inserting ‘‘for a cam3 paign-related disbursement, as defined in section 324, con4 sisting of a public communication’’. 

5 (b) STAND BY YOUR AD REQUIREMENTS.— 

6 (1) MAINTENANCE OF REQUIREMENTS FOR PO7 LITICAL PARTIES AND CERTAIN POLITICAL COMMIT8 TEES.—Section 318(d)(2) of such Act (52 U.S.C. 

9 30120(d)(2)) is amended— 

10 (A) in the heading, by striking ‘‘OTHERS’’ 

11 and inserting ‘‘CERTAIN POLITICAL COMMIT12 TEES’’; 

13 (B) by inserting ‘‘which (except to the ex14 tent provided in the last sentence of this para15 graph) is paid for by a political committee (in16 cluding a political committee of a political 

17 party) and’’ after ‘‘subsection (a)’’; 

18 (C) by striking ‘‘or other person’’ each 

19 place it appears; and 

20 (D) by adding at the end the following: 

21 ‘‘This paragraph does not apply to a commu22 nication paid for in whole or in part with a pay23 ment which is treated as a campaign-related 

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1 spect to which a covered organization files a 

2 statement under such section.’’. 

3 (2) SPECIAL DISCLAIMER REQUIREMENTS FOR

4 CERTAIN COMMUNICATIONS.—Section 318 of such 

5 Act (52 U.S.C. 30120) is amended by adding at the 

6 end the following new subsection: 

7 ‘‘(e) COMMUNICATIONS BY OTHERS.— 

8 ‘‘(1) IN GENERAL.—Any communication de9 scribed in paragraph (3) of subsection (a) which is 

10 transmitted through radio or television (other than 

11 a communication to which subsection (d)(2) applies) 

12 shall include, in addition to the requirements of such 

13 paragraph, the following: 

14 ‘‘(A) The individual disclosure statement 

15 described in paragraph (2)(A) (if the person 

16 paying for the communication is an individual) 

17 or the organizational disclosure statement de18 scribed in paragraph (2)(B) (if the person pay19 ing for the communication is not an individual). 

20 ‘‘(B) If the communication is transmitted 

21 through television and is paid for in whole or in 

22 part with a payment which is treated as a cam23 paign-related disbursement under section 324, 

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1 lations issued by the Commission, the commu2 nication is of such short duration that including 

3 the Top Five Funders list in the communication 

4 would constitute a hardship to the person pay5 ing for the communication by requiring a dis6 proportionate amount of the content of the 

7 communication to consist of the Top Five 

8 Funders list. 

9 ‘‘(C) If the communication is transmitted 

10 through radio and is paid for in whole or in 

11 part with a payment which is treated as a cam12 paign-related disbursement under section 324, 

13 the Top Two Funders list (if applicable), un14 less, on the basis of criteria established in regu15 lations issued by the Commission, the commu16 nication is of such short duration that including 

17 the Top Two Funders list in the communication 

18 would constitute a hardship to the person pay19 ing for the communication by requiring a dis20 proportionate amount of the content of the 

21 communication to consist of the Top Two 

22 Funders list. 

23 ‘‘(2) DISCLOSURE STATEMENTS DESCRIBED.— 

24 ‘‘(A) INDIVIDUAL DISCLOSURE STATE25 MENTS.—The individual disclosure statement 


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1 described in this subparagraph is the following: 

2 ‘I am llllllll, and I approve this 

3 message.’, with the blank filled in with the 

4 name of the applicable individual. 

5 ‘‘(B) ORGANIZATIONAL DISCLOSURE

6 STATEMENTS.—The organizational disclosure 

7 statement described in this subparagraph is the 

8 following: ‘I am llllllll, the 

9 llllllll of llllllll, and 

10 llllllll approves this message.’, 

11 with— 

12 ‘‘(i) the first blank to be filled in with 

13 the name of the applicable individual; 

14 ‘‘(ii) the second blank to be filled in 

15 with the title of the applicable individual; 

16 and 

17 ‘‘(iii) the third and fourth blank each 

18 to be filled in with the name of the organi19 zation or other person paying for the com20 munication. 

21 ‘‘(3) METHOD OF CONVEYANCE OF STATE22 MENT.— 

23 ‘‘(A) COMMUNICATIONS TRANSMITTED

24 THROUGH RADIO.—In the case of a communica25 tion to which this subsection applies which is 


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1 transmitted through radio, the disclosure state2 ments required under paragraph (1) shall be 

3 made by audio by the applicable individual in a 

4 clearly spoken manner. 

5 ‘‘(B) COMMUNICATIONS TRANSMITTED

6 THROUGH TELEVISION.—In the case of a com7 munication to which this subsection applies 

8 which is transmitted through television, the in9 formation required under paragraph (1)— 

10 ‘‘(i) shall appear in writing at the end 

11 of the communication or in a crawl along 

12 the bottom of the communication in a 

13 clearly readable manner, with a reasonable 

14 degree of color contrast between the back15 ground and the printed statement, for a 

16 period of at least 6 seconds; and 

17 ‘‘(ii) shall also be conveyed by an 

18 unobscured, full-screen view of the applica19 ble individual or by the applicable indi20 vidual making the statement in voice-over 

21 accompanied by a clearly identifiable pho22 tograph or similar image of the individual, 

23 except in the case of a Top Five Funders 

24 list. 

25 ‘‘(4) DEFINITIONS.—In this subsection: 


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1 ‘‘(A) APPLICABLE INDIVIDUAL.—The term 

2 ‘applicable individual’ means, with respect to a 

3 communication to which this subsection ap4 plies— 

5 ‘‘(i) if the communication is paid for 

6 by an individual, the individual involved; 

7 ‘‘(ii) if the communication is paid for 

8 by a corporation, the chief executive officer 

9 of the corporation (or, if the corporation 

10 does not have a chief executive officer, the 

11 highest ranking official of the corporation); 

12 ‘‘(iii) if the communication is paid for 

13 by a labor organization, the highest rank14 ing officer of the labor organization; and 

15 ‘‘(iv) if the communication is paid for 

16 by any other person, the highest ranking 

17 official of such person. 

18 ‘‘(B) COVERED ORGANIZATION AND CAM19 PAIGN-RELATED DISBURSEMENT.—The terms 

20 ‘campaign-related disbursement’ and ‘covered 

21 organization’ have the meaning given such 

22 terms in section 324. 

23 ‘‘(C) TOP FIVE FUNDERS LIST.—The term 

24 ‘Top Five Funders list’ means, with respect to 

25 a communication paid for in whole or in part 


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1 with a payment which is treated as a campaign2 related disbursement under section 324, a list 

3 of the five persons who provided the largest 

4 payments of any type in an aggregate amount 

5 equal to or exceeding $10,000 which are re6 quired under section 324(a) to be included in 

7 the reports filed by a covered organization with 

8 respect to such communication during the 12- 

9 month period ending on the date of the dis10 bursement and the amount of the payments 

11 each such person provided. If two or more peo12 ple provided the fifth largest of such payments, 

13 the covered organization involved shall select 

14 one of those persons to be included on the Top 

15 Five Funders list. 

16 ‘‘(D) TOP TWO FUNDERS LIST.—The term 

17 ‘Top Two Funders list’ means, with respect to 

18 a communication paid for in whole or in part 

19 with a payment which is treated as a campaign20 related disbursement under section 324, a list 

21 of the persons who provided the largest and the 

22 second largest payments of any type in an ag23 gregate amount equal to or exceeding $10,000 

24 which are required under section 324(a) to be 

25 included in the reports filed by a covered orgaVerDate Sep 11 2014 02:11 Feb 24, 2017 Jkt 069200 PO 00000 Frm 00025 Fmt 6652 Sfmt 6201 E:\BILLS\H1134.IH H1134

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1 nization with respect to such communication 

2 during the 12-month period ending on the date 

3 of the disbursement and the amount of the pay4 ments each such person provided. If two or 

5 more persons provided the second largest of 

6 such payments, the covered organization in7 volved shall select one of those persons to be in8 cluded on the Top Two Funders list.’’. 

9 SEC. 4. SHAREHOLDERS’ AND MEMBERS’ RIGHT TO KNOW. 

10 Title III of the Federal Election Campaign Act of 

11 1971 (52 U.S.C. 30101 et seq.) is amended by adding at 

12 the end the following new section: 

13 ‘‘SEC. 325. DISCLOSURES BY COVERED ORGANIZATIONS TO 

14 SHAREHOLDERS, MEMBERS, AND DONORS OF 

15 INFORMATION ON CAMPAIGN-RELATED DIS16 BURSEMENTS. 

17 ‘‘(a) INFORMATION ON CAMPAIGN-RELATED DIS18 BURSEMENTS TO BE INCLUDED IN PERIODIC RE19 PORTS.—A covered organization which submits regular, 

20 periodic reports to its shareholders, members, or donors 

21 on its finances or activities shall include in each such re22 port, in a clear and conspicuous manner, the information 

23 included in the statements filed by the organization under 

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1 ments made by the organization during the period covered 

2 by the report. 

3 ‘‘(b) HYPERLINK TO INFORMATION INCLUDED IN

4 REPORTS FILED WITH COMMISSION.— 

5 ‘‘(1) REQUIRED POSTING OF HYPERLINK.—If a 

6 covered organization maintains an Internet site, the 

7 organization shall post on such Internet site a 

8 hyperlink from its homepage to the location on the 

9 Internet site of the Commission which contains the 

10 information included in the statements filed by the 

11 organization under section 324 with respect to cam12 paign-related disbursements. 

13 ‘‘(2) DEADLINE; DURATION OF POSTING.—The 

14 covered organization shall post the hyperlink de15 scribed in paragraph (1) not later than 24 hours 

16 after the Commission posts the information de17 scribed in such paragraph on the Internet site of the 

18 Commission, and shall ensure that the hyperlink re19 mains on the Internet site of the covered organiza20 tion until the expiration of the 1-year period which 

21 begins on the date of the election with respect to 

22 which the campaign-related disbursements are made. 

23 ‘‘(c) DEFINITIONS.—The terms ‘campaign-related 

24 disbursement’ and ‘covered organization’ have the mean25 ings given such terms in section 324.’’. 


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1 SEC. 5. LOBBYISTS’ CAMPAIGN FUNDING DISCLOSURE. 

2 (a) DISCLOSURE OF INDEPENDENT EXPENDITURES

3 AND ELECTIONEERING COMMUNICATIONS.—Section 

4 5(d)(1) of the Lobbying Disclosure Act of 1995 (2 U.S.C. 

5 1604(d)(1)) is amended— 

6 (1) by striking ‘‘and’’ at the end of subpara7 graph (F); 

8 (2) by redesignating subparagraph (G) as sub9 paragraph (I); and 

10 (3) by inserting after subparagraph (F) the fol11 lowing new subparagraphs: 

12 ‘‘(G) the amount of any independent ex13 penditure (as defined in section 301(17) of the 

14 Federal Election Campaign Act of 1971 (52 

15 U.S.C. 30101(17)) equal to or greater than 

16 $1,000 made by such person or organization, 

17 and for each such expenditure the name of each 

18 candidate being supported or opposed and the 

19 amount spent supporting or opposing each such 

20 candidate; 

21 ‘‘(H) the amount of any electioneering 

22 communication (as defined in section 304(f)(3) 

23 of such Act (52 U.S.C. 30104(f)(3)) equal to or 

24 greater than $1,000 made by such person or or25 ganization, and for each such communication 

26 the name of the candidate referred to in the 


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1 communication and whether the communication 

2 involved was in support of or in opposition to 

3 the candidate; and’’. 

4 (b) DISCLOSURE OF AMOUNTS PROVIDED TO CER5 TAIN POLITICAL COMMITTEES.—Section 5(d)(1)(D) of 

6 such Act (2 U.S.C. 1605(d)(1)(D)) is amended by striking 

7 ‘‘or political party committee,’’ and inserting the following: 

8 ‘‘political party committee, or political committee which is 

9 treated as a covered organization under section 

10 324(f)(1)(D) of the Federal Election Campaign Act of 

11 1971,’’. 

12 (c) EFFECTIVE DATE.—The amendments made by 

13 this section shall apply with respect to reports for semi14 annual periods described in section 5(d)(1) of the Lob15 bying Disclosure Act of 1995 that begin after the date 

16 of the enactment of this Act. 

17 SEC. 6. SEVERABILITY. 

18 If any provision of this Act or amendment made by 

19 this Act, or the application of a provision or amendment 

20 to any person or circumstance, is held to be unconstitu21 tional, the remainder of this Act and amendments made 

22 by this Act, and the application of the provisions and 

23 amendment to any person or circumstance, shall not be 

24 affected by the holding. 


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1 SEC. 7. EFFECTIVE DATE. 

2 Except as provided in section 5, the amendments 

3 made by this Act shall apply with respects to disburse4 ments made on or after July 1, 2017. 

Æ 


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