II 

117TH CONGRESS 

1ST SESSION S. 850 

To amend the Federal Election Campaign Act of 1971 to require all political 

committees to notify the Federal Election Commission within 48 hours 

of receiving cumulative contributions of $1,000 or more from any contributor during a calendar year, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

MARCH 18, 2021 

Mr. KING (for himself and Ms. WARREN) introduced the following bill; which 

was read twice and referred to the Committee on Rules and Administration 

A BILL 

To amend the Federal Election Campaign Act of 1971 to 

require all political committees to notify the Federal 

Election Commission within 48 hours of receiving cumulative contributions of $1,000 or more from any contributor during a calendar year, 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 ‘‘Real Time Trans5 parency Act’’. 


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1 SEC. 2. 48-HOUR NOTIFICATION REQUIRED FOR ALL POLIT2 ICAL COMMITTEES RECEIVING CUMULATIVE 

3 CONTRIBUTIONS OF $1,000 OR MORE DURING 

4 A YEAR FROM ANY CONTRIBUTOR. 

5 (a) NOTIFICATION.—Section 304(a)(6)(A) of the 

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

7 30104(a)(6)(A)) is amended to read as follows: 

8 ‘‘(A)(i) If a political committee receives an aggregate 

9 amount of contributions equal to or greater than $1,000 

10 from any contributor during a calendar year, the com11 mittee shall submit a notification to the Commission con12 taining the name of the committee (and, in the case of 

13 an authorized committee of a candidate, the name of the 

14 candidate and the office sought by the candidate), the 

15 identification of the contributor, and the date of receipt 

16 and amount of the contributions involved. 

17 ‘‘(ii) If, at any time after a political committee is re18 quired to submit a notification under this subparagraph 

19 with respect to a contributor during a calendar year, the 

20 political committee receives additional contributions from 

21 that contributor during that year, the committee shall sub22 mit an additional notification under clause (i) with respect 

23 to such contributor each time the aggregate amount of the 

24 additional contributions received from the contributor dur25 ing the year equals or exceeds $1,000 (excluding the 

26 amount of any contribution for which information is reVerDate Sep 11 2014 23:32 Apr 03, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S850.IS S850

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1 quired to be included in a previous notification under this 

2 subparagraph). 

3 ‘‘(iii) The political committee shall submit the notifi4 cation required under this subparagraph with respect to 

5 a contributor— 

6 ‘‘(I) in the case of a notification described in 

7 clause (i), not later than 48 hours after the date on 

8 which the aggregate amount of contributions re9 ceived from the contributor during the calendar year 

10 first equals or exceeds $1,000; or 

11 ‘‘(II) in the case of an additional notification 

12 described in clause (ii), not later than 48 hours after 

13 the date on which the aggregate amount of contribu14 tions received from the contributor during the cal15 endar year for which information was not already in16 cluded in a notification under this subparagraph 

17 first equals or exceeds $1,000. 

18 ‘‘(iv) For purposes of this subparagraph, any amount 

19 transferred by a joint fundraising committee which is es20 tablished by an authorized committee of a candidate to 

21 any other authorized committee of that candidate shall be 

22 treated as a contribution by the joint fundraising com23 mittee to such authorized committee.’’. 

24 (b) EFFECTIVE DATE.—The amendment made by 

25 subsection (a) shall apply with respect to contributions reVerDate Sep 11 2014 23:32 Apr 03, 2021 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S850.IS S850

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1 ceived by a political committee under the Federal Election 

2 Campaign Act of 1971 during 2021 or any succeeding 

3 year, except that nothing in such amendment may be con4 strued to require a political committee which does not re5 ceive contributions during the portion of 2021 which oc6 curs after the date of the enactment of this Act to meet 

7 the requirements of section 304(a)(6)(A) of the Federal 

8 Election Campaign Act of 1971, as amended by subsection 

9 (a). 

Æ 


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