HR 5175 PCS 
transfer of amounts from one covered 
organization to another covered orga-
nization shall be treated as a transfer 
between affiliates if— 
‘‘(aa) one of the organiza-
tions is an affiliate of the other 
organization; or 
‘‘(bb) each of the organiza-
tions 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 estab-
lished for the purpose of disbursing 
funds for campaign-related activity. 
‘‘(III) DETERMINATION
OF
AF-
FILIATE
STATUS.—For purposes of 
subclause (II), a covered organization 
is an affiliate of another covered orga-
nization if— 
‘‘(aa) the governing instru-
ment of the organization requires 
it to be bound by decisions of the 
other organization; 
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‘‘(bb) the governing board of 
the organization includes persons 
who are specifically designated 
representatives of the other orga-
nization 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 
‘‘(cc) the organization is 
chartered by the other organiza-
tion. 
‘‘(IV) COVERAGE OF TRANSFERS 
TO AFFILIATED SECTION 501(C)(3) OR-
GANIZATIONS.—This 
clause 
shall 
apply with respect to an amount 
transferred by a covered organization 
to an organization described in para-
graph (3) of section 501(c) of the In-
ternal Revenue Code of 1986 and ex-
empt from tax under section 501(a) of 
such Code in the same manner as this 
clause applies to an amount trans-
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ferred by a covered organization to 
another covered organization. 
‘‘(iv) SPECIAL THRESHOLD FOR DIS-
CLOSURE
OF
DONORS.—Notwithstanding 
clause (i) or (ii) of subparagraph (A), if a 
covered organization is required to include 
the identification of a person described in 
such clause in a report filed under this 
subsection because the covered organiza-
tion is deemed (in accordance with clause 
(ii)) to have transferred amounts for the 
purpose of making a public independent 
expenditure, the organization shall include 
the identification of the person only if the 
person made donations or payments (in the 
case of a person described in clause (i)(I) 
of subparagraph (A)) or unrestricted donor 
payments (in the case of a person de-
scribed in clause (ii) of subparagraph (A)) 
to the covered organization during the cov-
ered organization reporting period involved 
in an aggregate amount equal to or exceed-
ing $10,000. 
‘‘(v) WAIVER
OF
REQUIREMENT
TO 
FILE
REPORT.—Notwithstanding 
clause 
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(i), a covered organization which is consid-
ered to have made a public independent ex-
penditure under such clause shall not be 
required to file a report under this sub-
section if— 
‘‘(I) the organization would be 
required to file the report solely be-
cause the organization is deemed (in 
accordance with clause (ii)) to have 
transferred amounts for the purpose 
of making a public independent ex-
penditure; 
‘‘(II) no person made donations 
or payments (in the case of a person 
described in clause (i)(I) of subpara-
graph (A)) or unrestricted donor pay-
ments (in the case of a person de-
scribed in clause (ii) of subparagraph 
(A)) to the covered organization dur-
ing the covered organization reporting 
period 
involved 
in 
an 
aggregate 
amount 
equal 
to 
or 
exceeding 
$10,000; and 
‘‘(III) all of the persons who 
made donations or payments (in the 
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case of a person described in clause 
(i)(I) of subparagraph (A)) or unre-
stricted donor payments (in the case 
of a person described in clause (ii) of 
subparagraph (A)) to the covered or-
ganization during the covered organi-
zation reporting period in any amount 
were individuals. 
‘‘(C) 
EXCLUSION
OF
AMOUNTS
DES-
IGNATED FOR OTHER CAMPAIGN-RELATED AC-
TIVITY.—For purposes of subparagraph (A)(i), 
in determining the amount of a donation or 
payment made by a person which was provided 
for the purpose of being used for campaign-re-
lated activity or in response to a solicitation for 
funds to be used for campaign-related activity, 
there shall be excluded any amount which was 
designated by the person to be used— 
‘‘(i) for campaign-related activity de-
scribed 
in 
clause 
(i) 
of 
section 
325(d)(2)(A) (relating to independent ex-
penditures) with respect to a different elec-
tion, or with respect to a candidate in a 
different election, than an election which is 
the subject of any of the public inde-
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pendent expenditures covered by the report 
involved; or 
‘‘(ii) for any campaign-related activity 
described 
in 
clause 
(ii) 
of 
section 
325(d)(2)(A) (relating to electioneering 
communications). 
‘‘(D) EXCLUSION OF AMOUNTS PAID FROM 
SEPARATE
SEGREGATED
FUND.—In 
deter-
mining the amount of public independent ex-
penditures made by a covered organization for 
purposes of this paragraph, there shall be ex-
cluded any amounts paid from a separate seg-
regated fund established and administered by 
the organization under section 316(b)(2)(C). 
‘‘(E) DETERMINATION
OF
AMOUNT
OF 
CERTAIN PAYMENTS AMONG AFFILIATES.—For 
purposes of determining the amount of any do-
nation, payment, or transfer under this sub-
section which is made by a covered organization 
to another covered organization which is an af-
filiate of the covered organization or each of 
which is an affiliate of the same organization 
(as determined in accordance with subpara-
graph (B)(iii)), to the extent that the donation, 
payment, or transfer consists of funds attrib-
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utable to dues, fees, or assessments which are 
paid by individuals on a regular, periodic basis 
in accordance with a per-individual calculation 
which is made on a regular basis, the donation, 
payment, or transfer shall be attributed to the 
individuals paying the dues, fees, or assess-
ments and shall not be attributed to the covered 
organization. 
‘‘(F) COVERED ORGANIZATION REPORTING 
PERIOD
DESCRIBED.—In this paragraph, the 
‘covered organization reporting period’ is, with 
respect to a report filed by a covered organiza-
tion under this subsection— 
‘‘(i) in the case of the first report filed 
by a covered organization under this sub-
section which includes information required 
under this paragraph, the shorter of— 
‘‘(I) the period which begins on 
the effective date of the Democracy is 
Strengthened by Casting Light on 
Spending in Elections Act and ends 
on the last day covered by the report, 
or 
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‘‘(II) the 12-month period ending 
on the last day covered by the report; 
and 
‘‘(ii) in the case of any subsequent re-
port filed by a covered organization under 
this subsection which includes information 
required under this paragraph, the period 
occurring since the most recent report filed 
by the organization which includes such in-
formation. 
‘‘(G) 
COVERED
ORGANIZATION
DE-
FINED.—In this paragraph, the term ‘covered 
organization’ means any of the following: 
‘‘(i) Any corporation which is subject 
to section 316(a), other than a corporation 
which is an organization described in para-
graph (3) of section 501(c) of the Internal 
Revenue Code of 1986 and exempt from 
tax under section 501(a) of such Code. 
‘‘(ii) Any labor organization (as de-
fined in section 316). 
‘‘(iii) Any organization described in 
paragraph (4), (5), or (6) of section 501(c) 
of the Internal Revenue Code of 1986 and 
exempt from tax under section 501(a) of 
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such Code, other than an exempt section 
501(c)(4) organization (as defined in sec-
tion 301(27)). 
‘‘(iv) Any political organization under 
section 527 of the Internal Revenue Code 
of 1986, other than a political committee 
under this Act. 
‘‘(H) OTHER DEFINITIONS.—In this para-
graph— 
‘‘(i) the terms ‘campaign-related activ-
ity’ and ‘unrestricted donor payment’ have 
the meaning given such terms in section 
325; and 
‘‘(ii) the term ‘public independent ex-
penditure’ means an independent expendi-
ture for a public communication (as de-
fined in section 301(22)).’’. 
(b) ELECTIONEERING COMMUNICATION REPORTS.— 
(1) IN GENERAL.—Section 304(f) of such Act 
(2 U.S.C. 434(f)) is amended— 
(A) by redesignating paragraphs (6) and 
(7) as paragraphs (7) and (8); and 
(B) by inserting after paragraph (5) the 
end the following new paragraph: 
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‘‘(6) DISCLOSURE
OF
ADDITIONAL
INFORMA-
TION BY COVERED ORGANIZATIONS.— 
‘‘(A) ADDITIONAL
INFORMATION.—If a 
covered organization files a statement under 
this subsection, the statement shall include, in 
addition to the information required under 
paragraph (2), the following information (sub-
ject to subparagraph (B)(iv)): 
‘‘(i) If any person made a donation or 
payment to the covered organization dur-
ing the covered organization reporting pe-
riod which was provided for the purpose of 
being used for campaign-related activity or 
in response to a solicitation for funds to be 
used for campaign-related activity— 
‘‘(I) subject to subparagraph (C), 
the identification of each person who 
made such donations or payments in 
an aggregate amount equal to or ex-
ceeding $1,000 during such period, 
presented in the order of the aggre-
gate amount of donations or payments 
made by such persons during such pe-
riod (with the identification of the 
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person making the largest donation or 
payment appearing first); and 
‘‘(II) if any person identified 
under subclause (I) designated that 
the donation or payment be used for 
campaign-related activity with respect 
to a specific election or in support of 
a specific candidate, the name of the 
election or candidate involved, and if 
any such person designated that the 
donation or payment be used for a 
specific electioneering communication, 
a description of the communication. 
‘‘(ii) The identification of each person 
who made unrestricted donor payments to 
the organization during the covered organi-
zation reporting period— 
‘‘(I) in an aggregate amount 
equal to or exceeding $1,000 during 
such period, if the organization made 
any of the disbursements which are 
described in subclause (II) from a 
source other than the organization’s 
Campaign-Related Activity Account 
under section 326; or 
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‘‘(II) in an aggregate amount 
equal to or exceeding $10,000 during 
such period, if the organization made 
from its Campaign-Related Activity 
Account under section 326 all of its 
disbursements for electioneering com-
munications during such period which 
are, on the basis of a reasonable belief 
by the organization, subject to treat-
ment as disbursements for an exempt 
function for purposes of section 527(f) 
of the Internal Revenue Code of 1986 
(but only if the organization has made 
deposits described in subparagraph 
(D) of section 326(a)(2) into that Ac-
count during such period in an aggre-
gate amount equal to or greater than 
$10,000), 
presented in the order of the aggregate 
amount of payments made by such persons 
during such period (with the identification 
of the person making the largest payment 
appearing first). 
‘‘(B) TREATMENT
OF
TRANSFERS
MADE 
TO OTHER PERSONS.— 
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‘‘(i) IN GENERAL.—Subject to clause 
(iii), for purposes of the requirement to file 
statements under this subsection (including 
the requirement under subparagraph (A) 
to include additional information in such 
statements), a covered organization which 
transfers amounts to another person (other 
than the covered organization itself) for 
the purpose of making an electioneering 
communication by that person or by any 
other person, or (in accordance with clause 
(ii)) which is deemed to have transferred 
amounts to another person (other than the 
covered organization itself) for the purpose 
of making an electioneering communication 
by that person or by any other person, 
shall be considered to have made a dis-
bursement for an electioneering commu-
nication. 
‘‘(ii) RULES
FOR
DEEMING
TRANS-
FERS
MADE
FOR
PURPOSE
OF
MAKING 
COMMUNICATIONS.—For 
purposes 
of 
clause (i), in determining whether a cov-
ered organization which transfers amounts 
to another person shall be deemed to have 
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transferred the amounts for the purpose of 
making an electioneering communication, 
the following rules apply: 
‘‘(I) The covered organization 
shall be deemed to have transferred 
the amounts for the purpose of mak-
ing an electioneering communication 
if— 
‘‘(aa) the covered organiza-
tion designates, requests, or sug-
gests that the amounts be used 
for 
electioneering 
communica-
tions and the person to whom the 
amounts were transferred agrees 
to do so; 
‘‘(bb) the person making the 
electioneering communication or 
another person acting on that 
person’s behalf expressly solicited 
the covered organization for a do-
nation or payment for making or 
paying for any electioneering 
communications; 
‘‘(cc) the covered organiza-
tion and the person to whom the 
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amounts were transferred en-
gaged in written or oral discus-
sion regarding the person either 
making, or paying for, any elec-
tioneering communication, or do-
nating 
or 
transferring 
the 
amounts to another person for 
that purpose; 
‘‘(dd) the covered organiza-
tion which transferred the funds 
knew or had reason to know that 
the person to whom the amounts 
were 
transferred 
intended 
to 
make electioneering communica-
tions; or 
‘‘(ee) the covered organiza-
tion which transferred the funds 
or the person to whom the 
amounts were transferred made 
one or more electioneering com-
munications 
in 
an 
aggregate 
amount of $50,000 or more dur-
ing the 2-year period which ends 
on 
the 
date 
on 
which 
the 
amounts were transferred. 
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‘‘(II) The covered organization 
shall not be deemed to have trans-
ferred the amounts for the purpose of 
making an electioneering communica-
tion if— 
‘‘(aa) the transfer was a 
commercial transaction occurring 
in the ordinary course of business 
between the covered organization 
and the person to whom the 
amounts were transferred, unless 
there is affirmative evidence that 
the amounts were transferred for 
the purpose of making an elec-
tioneering communication; or 
‘‘(bb) the covered organiza-
tion and the person to whom the 
amounts were transferred mutu-
ally agreed (as provided in sec-
tion 325(b)(1)) that the person 
will not use the amounts for cam-
paign-related activity. 
‘‘(iii) 
SPECIAL
RULE
REGARDING 
TRANSFERS AMONG AFFILIATES.— 
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‘‘(I) SPECIAL RULE.—In the case 
of an amount transferred by one cov-
ered organization to another covered 
organization which is treated as a 
transfer between affiliates under sub-
clause (II), clause (i) and (ii) shall 
apply to the covered organization 
which transfers the amount only if the 
aggregate amount transferred during 
the year by such covered organization 
to that same covered organization is 
equal to or greater than $50,000. 
‘‘(II) DESCRIPTION
OF
TRANS-
FERS
BETWEEN
AFFILIATES.—A 
transfer of amounts from one covered 
organization to another covered orga-
nization shall be treated as a transfer 
between affiliates if— 
‘‘(aa) one of the organiza-
tions is an affiliate of the other 
organization; or 
‘‘(bb) each of the organiza-
tions is an affiliate of the same 
organization, 
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except that the transfer shall not be 
treated as a transfer between affiliates 
if one of the organizations is estab-
lished for the purpose of disbursing 
funds for campaign-related activity. 
‘‘(III) DETERMINATION
OF
AF-
FILIATE
STATUS.—For purposes of 
subclause (II), a covered organization 
is an affiliate of another covered orga-
nization if— 
‘‘(aa) the governing instru-
ment of the organization requires 
it to be bound by decisions of the 
other organization; 
‘‘(bb) the governing board of 
the organization includes persons 
who are specifically designated 
representatives of the other orga-
nization 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 
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‘‘(cc) the organization is 
chartered by the other organiza-
tion. 
‘‘(IV) COVERAGE OF TRANSFERS 
TO AFFILIATED SECTION 501(C)(3) OR-
GANIZATIONS.—This 
clause 
shall 
apply with respect to an amount 
transferred by a covered organization 
to an organization described in para-
graph (3) of section 501(c) of the In-
ternal Revenue Code of 1986 and ex-
empt from tax under section 501(a) of 
such Code in the same manner as this 
clause applies to an amount trans-
ferred by a covered organization to 
another covered organization. 
‘‘(iv) SPECIAL THRESHOLD FOR DIS-
CLOSURE
OF
DONORS.—Notwithstanding 
clause (i) or (ii) of subparagraph (A), if a 
covered organization is required to include 
the identification of a person described in 
such clause in a statement filed under this 
subsection because the covered organiza-
tion is deemed (in accordance with clause 
(ii)) to have transferred amounts for the 
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purpose of making an electioneering com-
munication, the organization shall include 
the identification of the person only if the 
person made donations or payments (in the 
case of a person described in clause (i)(I) 
of subparagraph (A)) or unrestricted donor 
payments (in the case of a person de-
scribed in clause (ii) of subparagraph (A)) 
to the covered organization during the cov-
ered organization reporting period involved 
in an aggregate amount equal to or exceed-
ing $10,000. 
‘‘(v) WAIVER
OF
REQUIREMENT
TO 
FILE
STATEMENT.—Notwithstanding 
clause (i), a covered organization which is 
considered to have made a disbursement 
for an electioneering communication under 
such clause shall not be required to file a 
report under this subsection if— 
‘‘(I) the organization would be 
required to file the report solely be-
cause the organization is deemed (in 
accordance with clause (ii)) to have 
transferred amounts for the purpose 
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of making an electioneering commu-
nication; 
‘‘(II) no person made donations 
or payments (in the case of a person 
described in clause (i)(I) of subpara-
graph (A)) or unrestricted donor pay-
ments (in the case of a person de-
scribed in clause (ii) of subparagraph 
(A)) to the covered organization dur-
ing the covered organization reporting 
period 
involved 
in 
an 
aggregate 
amount 
equal 
to 
or 
exceeding 
$10,000; and 
‘‘(III) all of the persons who 
made donations or payments (in the 
case of a person described in clause 
(i)(I) of subparagraph (A)) or unre-
stricted donor payments (in the case 
of a person described in clause (ii) of 
subparagraph (A)) to the covered or-
ganization during the covered organi-
zation reporting period in any amount 
were individuals. 
‘‘(C) 
EXCLUSION
OF
AMOUNTS
DES-
IGNATED FOR OTHER CAMPAIGN-RELATED AC-
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TIVITY.—For purposes of subparagraph (A)(i), 
in determining the amount of a donation or 
payment made by a person which was provided 
for the purpose of being used for campaign-re-
lated activity or in response to a solicitation for 
funds to be used for campaign-related activity, 
there shall be excluded any amount which was 
designated by the person to be used— 
‘‘(i) for campaign-related activity de-
scribed 
in 
clause 
(i) 
of 
section 
325(d)(2)(A) (relating to independent ex-
penditures) with respect to a different elec-
tion, or with respect to a candidate in a 
different election, than an election which is 
the subject of any of the public inde-
pendent expenditures covered by the report 
involved; or 
‘‘(ii) for any campaign-related activity 
described 
in 
clause 
(ii) 
of 
section 
325(d)(2)(A) (relating to electioneering 
communications). 
‘‘(D) DETERMINATION
OF
AMOUNT
OF 
CERTAIN PAYMENTS AMONG AFFILIATES.—For 
purposes of determining the amount of any do-
nation, payment, or transfer under this sub-
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section which is made by a covered organization 
to another covered organization which is an af-
filiate of the covered organization or each of 
which is an affiliate of the same organization 
(as determined in accordance with subpara-
graph (B)(iii)), to the extent that the donation, 
payment, or transfer consists of funds attrib-
utable to dues, fees, or assessments which are 
paid by individuals on a regular, periodic basis 
in accordance with a per-individual calculation 
which is made on a regular basis, the donation, 
payment, or transfer shall be attributed to the 
individuals paying the dues, fees, or assess-
ments and shall not be attributed to the covered 
organization. 
‘‘(E) COVERED ORGANIZATION REPORTING 
PERIOD
DESCRIBED.—In this paragraph, the 
‘covered organization reporting period’ is, with 
respect to a statement filed by a covered orga-
nization under this subsection— 
‘‘(i) in the case of the first statement 
filed by a covered organization under this 
subsection which includes information re-
quired under this paragraph, the shorter 
of— 
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‘‘(I) the period which begins on 
the effective date of the Democracy is 
Strengthened by Casting Light on 
Spending in Elections Act and ends 
on the disclosure date for the state-
ment, or 
‘‘(II) the 12-month period ending 
on the disclosure date for the state-
ment; and 
‘‘(ii) in the case of any subsequent 
statement filed by a covered organization 
under this subsection which includes infor-
mation required under this paragraph, the 
period occurring since the most recent 
statement filed by the organization which 
includes such information. 
‘‘(F) COVERED ORGANIZATION DEFINED.— 
In this paragraph, the term ‘covered organiza-
tion’ means any of the following: 
‘‘(i) Any corporation which is subject 
to section 316(a), other than a corporation 
which is an organization described in para-
graph (3) of section 501(c) of the Internal 
Revenue Code of 1986 and exempt from 
tax under section 501(a) of such Code. 
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‘‘(ii) Any labor organization (as de-
fined in section 316). 
‘‘(iii) Any organization described in 
paragraph (4), (5), or (6) of section 501(c) 
of the Internal Revenue Code of 1986 and 
exempt from tax under section 501(a) of 
such Code, other than an exempt section 
501(c)(4) organization (as defined in sec-
tion 301(27)). 
‘‘(iv) Any political organization under 
section 527 of the Internal Revenue Code 
of 1986, other than a political committee 
under this Act. 
‘‘(G) OTHER DEFINITIONS.—In this para-
graph, the terms ‘campaign-related activity’ and 
‘unrestricted donor payment’ have the meaning 
given such terms in section 325.’’. 
(2) 
CONFORMING
AMENDMENT.—Section 
304(f)(2) of such Act (2 U.S.C. 434(f)(2)) is 
amended by striking ‘‘If the disbursements’’ each 
place it appears in subparagraph (E) and (F) and 
inserting the following: ‘‘Except in the case of a 
statement which is required to include additional in-
formation under paragraph (6), if the disburse-
ments’’. 
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eral States, the District of Columbia, and the 
Commonwealth of Puerto Rico. 
‘‘(D) During the previous calendar year, 
the portion of funds provided to the organiza-
tion by corporations (as described in section 
316) or labor organizations (as defined in sec-
tion 316), other than funds provided pursuant 
to commercial transactions occurring in the or-
dinary course of business, did not exceed 15 
percent of the total amount of all funds pro-
vided to the organization from all sources. 
‘‘(E) The organization does not use any of 
the funds provided to the organization by cor-
porations (as described in section 316) or labor 
organizations (as defined in section 316) for 
campaign-related activity (as defined in section 
325).’’. 
SEC. 212. RULES REGARDING USE OF GENERAL TREASURY 
FUNDS BY COVERED ORGANIZATIONS FOR 
CAMPAIGN-RELATED ACTIVITY. 
Title III of the Federal Election Campaign Act of 
1971 (2 U.S.C. 431 et seq.) is amended by adding at the 
end the following new section: 
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‘‘SEC. 325. SPECIAL RULES FOR USE OF GENERAL TREAS-
URY FUNDS BY COVERED ORGANIZATIONS 
FOR CAMPAIGN-RELATED ACTIVITY. 
‘‘(a) USE OF FUNDS FOR CAMPAIGN-RELATED AC-
TIVITY.— 
‘‘(1) IN GENERAL.—Subject to any applicable 
restrictions and prohibitions under this Act, a cov-
ered organization may make disbursements for cam-
paign-related activity using— 
‘‘(A) amounts paid or donated to the orga-
nization which are designated by the person 
providing the amounts to be used for campaign- 
related activity; 
‘‘(B) unrestricted donor payments made to 
the organization; and 
‘‘(C) other funds of the organization, in-
cluding amounts received pursuant to commer-
cial activities in the regular course of a covered 
organization’s business. 
‘‘(2) NO EFFECT ON USE OF SEPARATE SEG-
REGATED FUND.—Nothing in this section shall be 
construed to affect the authority of a covered organi-
zation to make disbursements from a separate seg-
regated fund established and administered by the or-
ganization under section 316(b)(2)(C). 
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‘‘(b) MUTUALLY AGREED RESTRICTIONS ON USE OF 
FUNDS FOR CAMPAIGN-RELATED ACTIVITY.— 
‘‘(1) AGREEMENT
AND
CERTIFICATION.—If a 
covered organization and a person mutually agree, 
at the time the person makes a donation, payment, 
or transfer to the organization which would require 
the organization to disclose the person’s identifica-
tion under section 304(g)(5)(A)(ii) or section 
304(f)(6)(A)(ii), that the organization will not use 
the donation, payment, or transfer for campaign-re-
lated activity, then not later than 30 days after the 
organization receives the donation, payment, or 
transfer the organization shall transmit to the per-
son a written certification by the chief financial offi-
cer of the covered organization (or, if the organiza-
tion does not have a chief financial officer, the high-
est ranking financial official of the organization) 
that— 
‘‘(A) the organization will not use the do-
nation, payment, or transfer for campaign-re-
lated activity; and 
‘‘(B) the organization will not include any 
information on the person in any report filed by 
the organization under section 304 with respect 
to independent expenditures or electioneering 
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communications, so that the person will not be 
required to appear in a significant funder state-
ment or a Top 5 Funders list under section 
318(e). 
‘‘(2) EXCEPTION FOR PAYMENTS MADE PURSU-
ANT TO COMMERCIAL ACTIVITIES.—Paragraph (1) 
does not apply with respect to any payment or trans-
fer made pursuant to commercial activities in the 
regular course of a covered organization’s business. 
‘‘(c) CERTIFICATIONS REGARDING DISBURSEMENTS 
FOR CAMPAIGN-RELATED ACTIVITY.— 
‘‘(1) CERTIFICATION BY CHIEF EXECUTIVE OF-
FICER.—If, at any time during a calendar quarter, 
a covered organization makes a disbursement of 
funds for campaign-related activity using funds de-
scribed in subsection (a)(1), the chief executive offi-
cer of the covered organization or the chief executive 
officer’s designee (or, if the organization does not 
have a chief executive officer, the highest ranking of-
ficial of the organization or the highest ranking offi-
cial’s designee) shall file a statement with the Com-
mission which contains the following certifications: 
‘‘(A) None of the campaign-related activity 
for which the organization disbursed the funds 
during the quarter was made in cooperation, 
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consultation, or concert with, or at the request 
or suggestion of, any candidate or any author-
ized committee or agent of such candidate, or 
political committee of a political party or agent 
of any political party. 
‘‘(B) The chief executive officer or highest 
ranking official of the covered organization (as 
the case may be) has reviewed and approved 
each statement and report filed by the organi-
zation under section 304 with respect to any 
such disbursement made during the quarter. 
‘‘(C) Each statement and report filed by 
the organization under section 304 with respect 
to any such disbursement made during the 
quarter is complete and accurate. 
‘‘(D) All such disbursements made during 
the quarter are in compliance with this Act. 
‘‘(E) No portion of the amounts used to 
make any such disbursements during the quar-
ter is attributable to funds received by the orga-
nization that were subject to a mutual agree-
ment (as provided in subsection (b)(1)) that the 
organization will not use the funds for cam-
paign-related activity by the person who pro-
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vided the funds from being used for campaign- 
related activity pursuant to subsection (b). 
‘‘(2) APPLICATION
OF
ELECTRONIC
FILING 
RULES.—Section 304(d)(1) shall apply with respect 
to a statement required under this subsection in the 
same manner as such section applies with respect to 
a statement under subsection (c) or (g) of section 
304. 
‘‘(3) DEADLINE.—The chief executive officer or 
highest ranking official of a covered organization (as 
the case may be) shall file the statement required 
under this subsection with respect to a calendar 
quarter not later than 15 days after the end of the 
quarter. 
‘‘(d) DEFINITIONS.—For purposes of this section, the 
following definitions apply: 
‘‘(1) COVERED ORGANIZATION.—The term ‘cov-
ered organization’ means any of the following: 
‘‘(A) Any corporation which is subject to 
section 316(a), other than a corporation which 
is 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. 
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ing such an independent expenditure or an 
electioneering communication if— 
‘‘(I) the transfer was a commer-
cial transaction occurring in the ordi-
nary course of business between the 
covered organization and the person 
to whom the amounts were trans-
ferred, unless there is affirmative evi-
dence that the amounts were trans-
ferred for the purpose of making such 
an independent expenditure or elec-
tioneering communication; or 
‘‘(II) the covered organization 
and the person to whom the amounts 
were transferred mutually agreed (as 
provided in subsection (b)(1)) that the 
person will not use the amounts for 
campaign-related activity. 
‘‘(C) SPECIAL
RULE
REGARDING
TRANS-
FERS AMONG AFFILIATES.— 
‘‘(I) SPECIAL RULE.—In the case of a 
transfer of an amount by one covered orga-
nization to another covered organization 
which is treated as a transfer between af-
filiates under clause (ii), subparagraphs 
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(A) and (B) shall apply to the transfer 
only if the aggregate amount transferred 
during the year by such covered organiza-
tion to that same covered organization is 
equal to or greater than $50,000. 
‘‘(ii) DETERMINATION OF AMOUNT OF 
CERTAIN
TRANSFERS
AMONG
AFFILI-
ATES.—In determining the amount of a 
transfer between affiliates for purposes of 
clause (I), to the extent that the transfer 
consists of funds attributable to dues, fees, 
or assessments which are paid by individ-
uals on a regular, periodic basis in accord-
ance with a per-individual calculation 
which is made on a regular basis, the 
transfer shall be attributed to the individ-
uals paying the dues, fees, or assessments 
and shall not be attributed to the covered 
organization. 
‘‘(iii) 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— 
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‘‘(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 treat-
ed as a transfer between affiliates if one of 
the organizations is established for the 
purpose of disbursing funds for campaign- 
related activity. 
‘‘(iv) DETERMINATION OF AFFILIATE 
STATUS.—For purposes of clause (ii), a 
covered organization is an affiliate of an-
other covered organization if— 
‘‘(I) the governing instrument of 
the organization requires it to be 
bound by decisions of the other orga-
nization; 
‘‘(II) the governing board of the 
organization includes persons who are 
specifically designated representatives 
of the other organization or are mem-
bers of the governing board, officers, 
or paid executive staff members of the 
other organization, or whose service 
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on the governing board is contingent 
upon the approval of the other organi-
zation; or 
‘‘(III) the organization is char-
tered by the other organization. 
‘‘(v) COVERAGE
OF
TRANSFERS
TO 
AFFILIATED SECTION 501(C)(3) ORGANIZA-
TIONS.—This subparagraph 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 subparagraph applies to an amount 
transferred by a covered organization to 
another covered organization. 
‘‘(3) UNRESTRICTED
DONOR
PAYMENT.—The 
term ‘unrestricted donor payment’ means a payment 
to a covered organization which consists of a dona-
tion or payment from a person other than the cov-
ered organization, except that such term does not in-
clude— 
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‘‘(A) any payment made pursuant to com-
mercial activities in the regular course of a cov-
ered organization’s business; or 
‘‘(B) any donation or payment which is 
designated by the person making the donation 
or payment to be used for campaign-related ac-
tivity or made in response to a solicitation for 
funds to be used for campaign-related activ-
ity.’’. 
SEC. 213. OPTIONAL USE OF SEPARATE ACCOUNT BY COV-
ERED ORGANIZATIONS FOR CAMPAIGN-RE-
LATED ACTIVITY. 
(a) IN GENERAL.—Title III of the Federal Election 
Campaign Act of 1971 (2 U.S.C. 431 et seq.), as amended 
by section 212, is further amended by adding at the end 
the following new section: 
‘‘SEC. 326. OPTIONAL USE OF SEPARATE ACCOUNT BY COV-
ERED ORGANIZATIONS FOR CAMPAIGN-RE-
LATED ACTIVITY. 
‘‘(a) OPTIONAL USE OF SEPARATE ACCOUNT.— 
‘‘(1) ESTABLISHMENT OF ACCOUNT.— 
‘‘(A) IN GENERAL.—At its option, a cov-
ered organization may make disbursements for 
campaign-related activity using amounts from a 
bank account established and controlled by the 
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organization to be known as the Campaign-Re-
lated Activity Account (hereafter in this section 
referred to as the ‘Account’), which shall be 
maintained separately from all other accounts 
of the organization and which shall consist ex-
clusively of the deposits described in paragraph 
(2). 
‘‘(B) 
MANDATORY
USE
OF
ACCOUNT 
AFTER ESTABLISHMENT.—If a covered organi-
zation establishes an Account under this sec-
tion, it may not make disbursements for cam-
paign-related activity from any source other 
than amounts from the Account, other than dis-
bursements for campaign-related activity which, 
on the basis of a reasonable belief by the orga-
nization, would not be treated as disbursements 
for an exempt function for purposes of section 
527(f) of the Internal Revenue Code of 1986. 
‘‘(C) EXCLUSIVE
USE
OF
ACCOUNT
FOR 
CAMPAIGN-RELATED
ACTIVITY.—Amounts 
in 
the Account shall be used exclusively for dis-
bursements by the covered organization for 
campaign-related activity. After such disburse-
ments are made, information with respect to de-
posits made to the Account shall be disclosed in 
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accordance with section 304(g)(5) or section 
304(f)(6). 
‘‘(2) DEPOSITS DESCRIBED.—The deposits de-
scribed in this paragraph are deposits of the fol-
lowing amounts: 
‘‘(A) Amounts donated or paid to the cov-
ered organization by a person other than the 
organization for the purpose of being used for 
campaign-related activity, and for which the 
person providing the amounts has designated 
that the amounts be used for campaign-related 
activity with respect to a specific election or 
specific candidate. 
‘‘(B) Amounts donated or paid to the cov-
ered organization by a person other than the 
organization for the purpose of being used for 
campaign-related activity, and for which the 
person providing the amounts has not des-
ignated that the amounts be used for campaign- 
related activity with respect to a specific elec-
tion or specific candidate. 
‘‘(C) Amounts donated or paid to the cov-
ered organization by a person other than the 
organization in response to a solicitation for 
funds to be used for campaign-related activity. 
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‘‘(D) Amounts transferred to the Account 
by the covered organization from other accounts 
of the organization, including from the organi-
zation’s general treasury funds. 
‘‘(3) NO
TREATMENT
AS
POLITICAL
COM-
MITTEE.—The establishment and administration of 
an Account in accordance with this subsection shall 
not by itself be treated as the establishment or ad-
ministration of a political committee for any purpose 
of this Act. 
‘‘(b) REDUCTION IN AMOUNTS OTHERWISE AVAIL-
ABLE FOR ACCOUNT IN RESPONSE TO DEMAND OF GEN-
ERAL DONORS.— 
‘‘(1) IN GENERAL.—If a covered organization 
which has established an Account obtains any reve-
nues during a year which are attributable to a dona-
tion or payment from a person other than the cov-
ered organization, and if the organization and any 
such person have mutually agreed (as provided in 
section 325(b)(1)) that the organization will not use 
the person’s donation, payment, or transfer for cam-
paign-related activity, the organization shall reduce 
the amount of its revenues available for deposits to 
the Account which are described in subsection 
(a)(3)(D) during the year by the amount of the do-
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nation or payment which is subject to the mutual 
agreement. 
‘‘(2) EXCEPTION.—Paragraph (1) does not 
apply with respect to any payment made pursuant to 
commercial activities in the regular course of a cov-
ered organization’s business. 
‘‘(c) COVERED ORGANIZATION DEFINED.—In this 
section, the term ‘covered organization’ means any of the 
following: 
‘‘(1) Any corporation which is subject to section 
316(a), other than a corporation which is an organi-
zation 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. 
‘‘(2) Any labor organization (as defined in sec-
tion 316). 
‘‘(3) Any organization described in paragraph 
(4), (5), or (6) of section 501(c) of the Internal Rev-
enue Code of 1986 and exempt from tax under sec-
tion 501(a) of such Code, other than an exempt sec-
tion 501(c)(4) organization (as defined in section 
301(27)). 
‘‘(4) Any political organization under section 
527 of the Internal Revenue Code of 1986, other 
than a political committee under this Act. 
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‘‘(d) CAMPAIGN-RELATED ACTIVITY DEFINED.—In 
this section, the term ‘campaign-related activity’ has the 
meaning given such term in section 325.’’. 
(b) CLARIFICATION OF TREATMENT AS SEPARATE 
SEGREGATED FUND.—A Campaign-Related Activity Ac-
count (within the meaning of section 326 of the Federal 
Election Campaign Act of 1971, as added by subsection 
(a)) may be treated as a separate segregated fund for pur-
poses of section 527(f)(3) of the Internal Revenue Code 
of 1986. 
SEC. 214. MODIFICATION OF RULES RELATING TO DIS-
CLAIMER STATEMENTS REQUIRED FOR CER-
TAIN COMMUNICATIONS. 
(a) APPLYING
REQUIREMENTS
TO
ALL
INDE-
PENDENT
EXPENDITURE
COMMUNICATIONS.—Section 
318(a) of the Federal Election Campaign Act of 1971 (2 
U.S.C. 441d(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 an independent expenditure consisting of a 
public communication’’. 
(b) STAND BY YOUR AD REQUIREMENTS.— 
(1) MAINTENANCE
OF
EXISTING
REQUIRE-
MENTS FOR COMMUNICATIONS BY POLITICAL PAR-
TIES AND OTHER POLITICAL COMMITTEES.—Section 
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318(d)(2) of such Act (2 U.S.C. 441d(d)(2)) is 
amended— 
(A) in the heading, by striking ‘‘OTHERS’’ 
and inserting ‘‘POLITICAL COMMITTEES’’; 
(B) by striking ‘‘subsection (a)’’ and in-
serting ‘‘subsection (a) which is paid for by a 
political committee (including a political com-
mittee of a political party), other than a polit-
ical committee which is described in subsection 
(e)(7)(B),’’; and 
(C) by striking ‘‘or other person’’ each 
place it appears. 
(2) SPECIAL DISCLAIMER REQUIREMENTS FOR 
CERTAIN
COMMUNICATIONS.—Section 318 of such 
Act (2 U.S.C. 441d) is amended by adding at the 
end the following new subsection: 
‘‘(e) COMMUNICATIONS BY OTHERS.— 
‘‘(1) IN
GENERAL.—Any communication de-
scribed in paragraph (3) of subsection (a) which is 
transmitted through radio or television (other than 
a communication to which subsection (d)(2) applies 
because the communication is paid for by a political 
committee, including a political committee of a polit-
ical party, other than a political committee which is 
described in paragraph (7)(B)) shall include, in ad-
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dition to the requirements of that paragraph, the 
following: 
‘‘(A) The individual disclosure statement 
described in paragraph (2) (if the person pay-
ing for the communication is an individual) or 
the organizational disclosure statement de-
scribed in paragraph (3) (if the person paying 
for the communication is not an individual). 
‘‘(B) If the communication is an election-
eering communication or an independent ex-
penditure consisting of a public communication 
and is paid for in whole or in part with a pay-
ment which is treated as a disbursement by a 
covered organization for campaign-related activ-
ity under section 325, the significant funder 
disclosure statement described in paragraph (4) 
(if applicable), unless, on the basis of criteria 
established in regulations promulgated by the 
Commission, the communication is of such 
short duration that including the statement in 
the communication would constitute a hardship 
to the person paying for the communication by 
requiring a disproportionate amount of the 
communication’s content to consist of the state-
ment. 
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‘‘(C) If the communication is an election-
eering communication or an independent ex-
penditure consisting of a public communication 
and is paid for in whole or in part with a pay-
ment which is treated as a disbursement by a 
covered organization for campaign-related activ-
ity under section 325, the Top Five Funders 
list described in paragraph (5) (if applicable), 
unless, on the basis of criteria established in 
regulations promulgated 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 re-
quiring a disproportionate amount of the com-
munication’s content to consist of the Top Five 
Funders list. 
‘‘(2) INDIVIDUAL DISCLOSURE STATEMENT DE-
SCRIBED.—The individual disclosure statement de-
scribed in this paragraph is the following: ‘I am 
lllllll, 
of 
lllllll, 
lllllll, and I approve this message.’, 
with— 
‘‘(A) the first blank filled in with the name 
of the applicable individual; 
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‘‘(F) the sixth blank to be filled in with the 
name of such organization or person. 
‘‘(4) SIGNIFICANT FUNDER DISCLOSURE STATE-
MENT DESCRIBED.— 
‘‘(A) STATEMENT IF SIGNIFICANT FUNDER 
IS AN INDIVIDUAL.—If the significant funder of 
a communication paid for in whole or in part 
with a payment which is treated as a disburse-
ment by a covered organization for campaign- 
related activity under section 325 is an indi-
vidual, the significant funder disclosure state-
ment described in this paragraph is the fol-
lowing: 
‘I 
am 
lllllll, 
of 
lllllll, lllllll. I helped to 
pay for this message, and I approve it.’, with— 
‘‘(i) the first blank filled in with the 
name of the applicable individual; 
‘‘(ii) the second blank filled in with 
the local jurisdiction in which the applica-
ble individual resides; and 
‘‘(iii) the third blank filled in with the 
State in which the applicable individual re-
sides. 
‘‘(B) STATEMENT IF SIGNIFICANT FUNDER 
IS
NOT
AN
INDIVIDUAL.—If the significant 
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funder of a communication paid for in whole or 
in part with a payment which is treated as a 
disbursement by a covered organization for 
campaign-related activity under section 325 is 
not an individual, the significant funder disclo-
sure statement described in this paragraph is 
the following: ‘I am lllllll, the 
lllllll of lllllll, located 
in 
lllllll, 
lllllll. 
lllllll helped to pay for this mes-
sage, and lllllll approves it.’, 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; 
‘‘(iii) the third blank to be filled in 
with the name of the significant funder of 
the communication; 
‘‘(iv) the fourth blank to be filled in 
with the local jurisdiction in which the sig-
nificant funder’s principal office is located; 
‘‘(v) the fifth blank to be filled in with 
the State in which the significant funder’s 
principal office is located; and 
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‘‘(vi) the sixth and seventh blank each 
to be filled in with the name of the signifi-
cant funder of the communication. 
‘‘(C) SIGNIFICANT FUNDER DEFINED.— 
‘‘(i) INDEPENDENT EXPENDITURES.— 
For purposes of this paragraph, the ‘sig-
nificant funder’ with respect to an inde-
pendent expenditure consisting of a public 
communication paid for in whole or in part 
with a payment which is treated as a dis-
bursement by a covered organization for 
campaign-related activity under section 
325 shall be determined as follows: 
‘‘(I) If any report filed by any or-
ganization with respect to the inde-
pendent expenditure under section 
304 during the 12-month period 
which ends on the date of the dis-
bursement includes information on 
any person who made a payment to 
the organization in an amount equal 
to or exceeding $100,000 which was 
designated by the person to be used 
for campaign-related activity con-
sisting of that specific independent ex-
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penditure (as required to be included 
in 
the 
report 
under 
section 
304(g)(5)(A)(i)), the person who is 
identified among all such reports as 
making the largest such payment. 
‘‘(II) If any report filed by any 
organization with respect to the inde-
pendent expenditure under section 
304 during the 12-month period 
which ends on the date of the dis-
bursement includes information on 
any person who made a payment to 
the organization in an amount equal 
to or exceeding $100,000 which was 
designated by the person to be used 
for campaign-related activity with re-
spect to the same election or in sup-
port of the same candidate (as re-
quired to be included in the report 
under section 304(g)(5)(A)(i)) but 
subclause (I) does not apply, the per-
son who is identified among all such 
reports as making the largest such 
payment. 
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‘‘(III) If any report filed by any 
organization with respect to the inde-
pendent expenditure under section 
304 during the 12-month period 
which ends on the date of the dis-
bursement includes information on 
any person who made a payment to 
the organization in an amount equal 
to or exceeding $10,000 which was 
provided for the purpose of being used 
for campaign-related activity or in re-
sponse to a solicitation for funds to be 
used for campaign-related activity (as 
required to be included in the report 
under section 304(g)(5)(A)(i)) but 
subclause (I) or subclause (II) does 
not apply, the person who is identified 
among all such reports as making the 
largest such payment. 
‘‘(IV) If none of the reports filed 
by any organization with respect to 
the independent expenditure under 
section 304 during the 12-month pe-
riod which ends on the date of the dis-
bursement includes information on 
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any person (other than the organiza-
tion) who made a payment to the or-
ganization in an amount equal to or 
exceeding $10,000 which was provided 
for the purpose of being used for cam-
paign-related activity or in response to 
a solicitation for funds to be used for 
campaign-related activity, but any of 
such reports includes information on 
any person who made an unrestricted 
donor payment to the organization (as 
required to be included in the report 
under section 304(g)(5)(A)(ii)) in an 
amount 
equal 
to 
or 
exceeding 
$10,000, the person who is identified 
among all such reports as making the 
largest such unrestricted donor pay-
ment. 
‘‘(ii) ELECTIONEERING
COMMUNICA-
TIONS.—For purposes of this paragraph, 
the ‘significant funder’ with respect to an 
electioneering communication paid for in 
whole or in part with a payment which is 
treated as a disbursement by a covered or-
ganization for campaign-related activity 
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under section 325, shall be determined as 
follows: 
‘‘(I) If any report filed by any or-
ganization with respect to the elec-
tioneering communication under sec-
tion 304 during the 12-month period 
which ends on the date of the dis-
bursement includes information on 
any person who made a payment to 
the organization in an amount equal 
to or exceeding $100,000 which was 
designated by the person to be used 
for campaign-related activity con-
sisting of that specific electioneering 
communication (as required to be in-
cluded in the report under section 
304(f)(6)(A)(i)), the person who is 
identified among all such reports as 
making the largest such payment. 
‘‘(II) If any report filed by any 
organization with respect to the elec-
tioneering communication under sec-
tion 304 during the 12-month period 
which ends on the date of the dis-
bursement includes information on 
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any person who made a payment to 
the organization in an amount equal 
to or exceeding $100,000 which was 
designated by the person to be used 
for campaign-related activity with re-
spect to the same election or in sup-
port of the same candidate (as re-
quired to be included in the report 
under section 304(f)(6)(A)(i)) but 
subclause (I) does not apply, the per-
son who is identified among all such 
reports as making the largest such 
payment. 
‘‘(III) If any report filed by any 
organization with respect to the elec-
tioneering communication under sec-
tion 304 during the 12-month period 
which ends on the date of the dis-
bursement includes information on 
any person who made a payment to 
the organization in an amount equal 
to or exceeding $10,000 which was 
provided for the purpose of being used 
for campaign-related activity or in re-
sponse to a solicitation for funds to be 
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used for campaign-related activity (as 
required to be included in the report 
under section 304(f)(6)(A)(i)) but 
subclause (I) or subclause (II) does 
not apply, the person who is identified 
among all such reports as making the 
largest such payment. 
‘‘(IV) If none of the reports filed 
by any organization with respect to 
the 
electioneering 
communication 
under section 304 during the 12- 
month period which ends on the date 
of the disbursement includes informa-
tion on any person who made a pay-
ment to the organization in an 
amount equal to or exceeding $10,000 
which was provided for the purpose of 
being used for campaign-related activ-
ity or in response to a solicitation for 
funds to be used for campaign-related 
activity, but any of such reports in-
cludes information on any person who 
made an unrestricted donor payment 
to the organization (as required to be 
included in the report under section 
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304(f)(6)(A)(ii)) in an amount equal 
to or exceeding $10,000, the person 
who is identified among all such re-
ports as making the largest such un-
restricted donor payment. 
‘‘(5) TOP 5 FUNDERS LIST DESCRIBED.—With 
respect to a communication paid for in whole or in 
part with a payment which is treated as a disburse-
ment by a covered organization for campaign-related 
activity under section 325, the Top 5 Funders list 
described in this paragraph is— 
‘‘(A) in the case of a disbursement for an 
independent expenditure consisting of a public 
communication, a list of the 5 persons (or, in 
the case of a communication transmitted 
through radio, the 2 persons) who provided the 
largest payments of any type in an aggregate 
amount equal to or exceeding $10,000 which 
are required under section 304(g)(5)(A) to be 
included in the reports filed by any organization 
with respect to that independent expenditure 
under section 304 during the 12-month period 
which ends on the date of the disbursement, to-
gether with the amount of the payments each 
such person provided and the local jurisdiction 
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and State in which each such person lives (in 
the case of a person who is an individual) or is 
located (in the case of any other person); or 
‘‘(B) in the case of a disbursement for an 
electioneering communication, a list of the 5 
persons (or, in the case of a communication 
transmitted through radio, the 2 persons) who 
provided the largest payments of any type in an 
aggregate amount equal to or exceeding 
$10,000 which are required under section 
304(f)(6)(A) to be included in the reports filed 
by any organization with respect to that elec-
tioneering communication under section 304 
during the 12-month period which ends on the 
date of the disbursement, together with the 
amount of the payments each such person pro-
vided and the local jurisdiction and State in 
which each such person lives (in the case of a 
person who is an individual) or is located (in 
the case of any other person). 
‘‘(6) METHOD
OF
CONVEYANCE
OF
STATE-
MENT.— 
‘‘(A) 
COMMUNICATIONS
TRANSMITTED 
THROUGH RADIO.—In the case of a communica-
tion to which this subsection applies which is 
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transmitted through radio, the disclosure state-
ments 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 com-
munication to which this subsection applies 
which is transmitted through television, the in-
formation required under paragraph (1)— 
‘‘(i) shall appear in writing at the end 
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) except in the case of a Top 5 
Funders list described in paragraph (5), 
shall also be conveyed by an unobscured, 
full-screen view of the applicable indi-
vidual, or by the applicable individual mak-
ing the statement in voice-over accom-
panied by a clearly identifiable photograph 
or similar image of the individual. 
‘‘(7) APPLICATION TO CERTAIN PACS.— 
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‘‘(A) APPLICATION.—This subsection shall 
apply with respect to an electioneering commu-
nication, and to an independent expenditure 
consisting of a public communication, which is 
paid for in whole or in part with a payment by 
a political committee described in subparagraph 
(B) in the same manner as this subsection ap-
plies with respect to an electioneering commu-
nication and an independent expenditure con-
sisting of a public communication which is paid 
for in whole or in part with a payment which 
is treated as a disbursement by a covered orga-
nization under section 325, except that— 
‘‘(i) in applying paragraph (4)(C), the 
‘significant funder’ with respect to such an 
electioneering communication or such an 
independent expenditure shall be the per-
son who is identified as providing the larg-
est aggregate amount of contributions, do-
nations, or payments to the political com-
mittee during the 12-month period which 
ends on the date the committee made the 
disbursement for the electioneering com-
munication or independent expenditure (as 
determined on the basis of the information 
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