‘‘SEC. 9043. TERMINATION.
The provisions of this chapter shall not apply to any
candidate with respect to any presidential election after
December 31, 2002.’’
(c) CLERICAL AMENDMENTS.—
(1) The table of sections for chapter 95 of sub-
title H of such Code is amended by adding at the
end the following new item:
‘‘Sec. 9014. Termination.’’
(2) The table of sections for chapter 96 of sub-
title H of such Code is amended by adding at the
end the following new item:
‘‘Sec. 9043. Termination.’’
SEC. 5. DISCLOSURE REQUIREMENTS FOR CERTAIN SOFT
MONEY EXPENDITURES OF POLITICAL PAR-
TIES.
(a) TRANSFERS OF FUNDS BY NATIONAL POLITICAL
PARTIES.—Section 304(b)(4) of the Federal Election
Campaign Act of 1971 (2 U.S.C. 434(b)(4)) is amended—
(1) by striking ‘‘and’’ at the end of subpara-
graph (H);
(2) by adding ‘‘and’’ at the end of subpara-
graph (I); and
(3) by adding at the end the following new sub-
paragraph:
‘‘(J) in the case of a political committee of
a national political party, all funds transferred
to any political committee of a State or local
political party, without regard to whether or not
the funds are otherwise treated as contributions
or expenditures under this title;’’.
(b) DISCLOSURE BY STATE AND LOCAL POLITICAL
PARTIES
OF INFORMATION REPORTED UNDER STATE
LAW.—Section 304 of such Act (2 U.S.C. 434), as amend-
ed by section 502(a) of the Department of Transportation
and Related Agencies Act, 2001 (as enacted into law by
reference under section 101(a) of Public Law 106–346),
is amended by adding at the end the following new sub-
section:
‘‘(e) If a political committee of a State or local polit-
ical party is required under a State or local law, rule, or
regulation to submit a report on its disbursements to an
entity of the State or local government, the committee
shall file a copy of the report with the Commission at the
time it submits the report to such an entity.’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply with respect to elections occurring
after January 2003.
SEC. 6. PROMOTING EXPEDITED AVAILABILITY OF FEC RE-
PORTS.
(a) MANDATORY ELECTRONIC FILING FOR ALL RE-
PORTS.—
(1) IN GENERAL.—Section 304(a)(11) of the
Federal Election Campaign Act of 1971 (2 U.S.C.
434(a)(11)), as amended by section 639(a) of the
Treasury and General Government Appropriations
Act, 2000 (Public Law 106–58), is amended—
(A) in subparagraph (A), by striking ‘‘a
person required to file—’’ and all that follows
and inserting the following: ‘‘each person re-
quired to file a report under this Act shall be
required to maintain and file such report in
electronic form accessible by computers.’’;
(B) in subparagraph (C), by striking ‘‘des-
ignations, statements, and reports’’ and insert-
ing ‘‘documents’’; and
(C) in subparagraph (D), by striking
‘‘means, with respect to’’ and all that follows
and inserting the following: ‘‘means any report,
designation, statement, or notification required
by this Act to be filed with the Commission or
the Secretary of the Senate.’’.
(2) PLACEMENT OF ALL REPORTS ON INTER-
NET.—Section 304(a)(11)(B) of such Act (2 U.S.C.
434(a)(11)(B)), as amended by section 639(a) of the
Treasury and General Government Appropriations
Act, 2000 (Public Law 106–58), is amended—
(A) by striking ‘‘a designation, statement,
report, or notification’’ and inserting ‘‘each re-
port’’; and
(B) by striking ‘‘the designation, state-
ment, report, or notification’’ and inserting
‘‘the report’’.
(b) REQUIRING REPORTS FOR ALL CONTRIBUTIONS
MADE TO ANY POLITICAL COMMITTEE WITHIN 90 DAYS
OF ELECTION; REQUIRING REPORTS TO BE MADE WITH-
IN 24 HOURS.—Section 304(a)(6) of such Act (2 U.S.C.
434(a)(6)) is amended to read as follows:
‘‘(6)(A) Each political committee shall notify the Sec-
retary or the Commission, and the Secretary of State, as
appropriate, in writing, of any contribution received by the
committee during the period which begins on the 90th day
before an election and ends at the time the polls close for
such election. This notification shall be made within 24
hours (or, if earlier, by midnight of the day on which the
contribution is deposited) after the receipt of such con-
tribution and shall include the name of the candidate in-
volved (as appropriate) and the office sought by the can-
didate, the identification of the contributor, and the date
of receipt and amount of the contribution.
‘‘(B) The notification required under this paragraph
shall be in addition to all other reporting requirements
under this Act.’’.
(c) EFFECTIVE DATE.—The amendment made by
this section shall apply with respect to reports for periods
beginning on or after January 1, 2003.
SEC. 7. WAIVER OF ‘‘BEST EFFORTS’’ EXCEPTION FOR IN-
FORMATION ON IDENTIFICATION OF CON-
TRIBUTORS.
(a) IN GENERAL.—Section 302(i) of the Federal
Election Campaign Act of 1971 (2 U.S.C. 432(i)) is
amended—
(1) by striking ‘‘(i) When the treasurer’’ and
inserting ‘‘(i)(1) Except as provided in paragraph
(2), when the treasurer’’; and
(2) by adding at the end the following new
paragraph:
‘‘(2) Paragraph (1) shall not apply with respect to
information regarding the identification of any person who
makes a contribution or contributions aggregating more
than $200 during a calendar year (as required to be pro-
vided under subsection (c)(3)).’’.