Secure Handling of Internet Electronic Donations Act

To amend the Federal Election Campaign Act of 1971 to require the disclosure of the card verification value as a condition of the acceptance of online contributions made through the use of credit or debit cards in elections for Federal office and to prohibit the acceptance of contributions made through the use of gift cards and prepaid credit cards in such elections, and for other purposes. 1. Short title This Act may be cited as the Secure Handling of Internet Electronic Donations Act SHIELD Act 2. Requiring disclosure of card verification value as condition of acceptance of online contributions made using credit or debit cards in Federal elections (a) Requirement Section 302 of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30102 (j) (1) No political committee shall accept any Internet credit or debit card contribution unless— (A) the individual or entity making such contribution is required, at the time such individual makes such contribution, to disclose the card verification value of such credit or debit card (B) (i) the billing address associated with such credit or debit card is located in the United States; or (ii) in the case of a contribution made by an individual living outside of the United States who, at the time the individual makes the contribution, is a United States national or an individual who is lawfully admitted for permanent residence, as defined by section 101(a)(20) of the Immigration and Nationality Act ( 8 U.S.C. 1101(a)(20) (I) the United States mailing address the individual uses for voter registration purposes; (II) a copy of the individual’s United States passport; (III) a copy of the individual’s permanent resident card; or (IV) a copy of a comparable acceptable identification document, or the unique identifying number from such a document, for the individual. (2) Notwithstanding subsection (b) or (c), in the case of an Internet credit or debit card contribution— (A) (B) the treasurer of a political committee shall keep an account of the name and address of any person making any such contribution, together with the date and amount of such contribution by any person. (3) If the treasurer of a political committee shows that best efforts have been used to comply with the requirements of this subsection, the committee shall be considered in compliance with this subsection. (4) In this subsection, the term Internet credit or debit card contribution (A) is made using a credit or debit card; and (B) is received through an Internet website. . (b) Effective Date The amendment made by subsection (a) shall apply to contributions the receipt of which a political committee is required to include in a report filed under section 304 of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30104 3. Prohibiting acceptance of contributions made using gift cards in Federal elections (a) Prohibition Section 302 of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30102 (k) (1) No political committee shall accept a contribution made through the use of a general-use prepaid card, gift certificate, or store gift card, as such terms are defined, respectively, under section 915(a) of the Electronic Fund Transfer Act ( 15 U.S.C. 1693l–1(a) (2) If the treasurer of a political committee shows that best efforts have been used to comply with the requirements of this subsection, the committee shall be considered in compliance with this subsection. . (b) Effective date The amendment made by subsection (a) shall apply with respect to contributions the receipt of which a political committee is required to include in a report filed under section 304 of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30104 4. Prohibiting aiding or abetting making of contribution in the name of another Section 320 of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30122 No person shall knowingly direct, help, or assist any person in making a contribution in the name of another person. 5. Regulations (a) Deadline Not later than 10 days after the date of the enactment of this Act, the Federal Election Commission shall promulgate regulations to carry out the amendments made by this Act. (b) Consultation with credit card payment networks In promulgating regulations under subsection (a) to carry out the amendments made by sections 2 and 3, the Commission shall consult with representatives of payment card networks, as defined under section 921(c) of the Electronic Fund Transfer Act ( 15 U.S.C. 1693o–2(c) Amend the title so as to read: A bill to amend the Federal Election Campaign Act of 1971 to require the disclosure of the card verification value as a condition of the acceptance of online contributions made through the use of credit or debit cards in elections for Federal office and to prohibit the acceptance of contributions made through the use of gift cards in such elections, and for other purposes. September 20, 2024 Reported with amendments, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Summary: Secure Handling of Internet Electronic Donations Act or the SHIELD ActThis bill addresses campaign finance in federal elections.Specifically, the bill requires political committees, when accepting a credit or debit card contribution over the internet, to collect the credit or debit card's verification value. The card's billing address must be in the United States unless the contributor is a U.S. national or lawful permanent resident living outside of the United States, in which case the contributor must provide his or her voter registration address or identification document (e.g., U.S. passport). The Federal Election Commission must, within 10 days, promulgate regulations related to this requirement.Additionally, the bill prohibits political committees from accepting a contribution made through the use of a general-use prepaid card, gift certificate, or store gift card.The bill also prohibits knowingly directing, helping, or assisting any person in making a contribution in the name of another person.