I 
114TH CONGRESS 
1ST SESSION H. R. 1518 
To amend the Federal Election Campaign Act of 1971 to provide for a 
limitation on the time for the use of contributions or donations, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 19, 2015 
Mr. TAKANO introduced the following bill; which was referred to the 
Committee on House Administration 
A BILL 
To amend the Federal Election Campaign Act of 1971 to 
provide for a limitation on the time for the use of con-
tributions or donations, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Let It Go Act’’. 
SEC. 2. TIMEFRAME FOR AND PRIORITIZATION OF DIS-
POSAL OF CONTRIBUTIONS OR DONATIONS. 
Section 313 of the Federal Election Campaign Act 
of 1971 (52 U.S.C. 30114) is amended— 
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(1) by redesignating subsection (c) as sub-
section (d); and 
(2) by inserting after subsection (b) the fol-
lowing new subsection: 
‘‘(c) DISPOSAL.— 
‘‘(1) TIMEFRAME.—Contributions or donations 
described in subsection (a) may only be used, in the 
case of an individual who is not a candidate with re-
spect to an election for any Federal office for a 6- 
year period beginning on the day after the date of 
the most recent such election in which the individual 
was a candidate for any such office, during such 6- 
year period. 
‘‘(2) MEANS OF DISPOSAL; PRIORITIZATION.— 
Beginning on the date the 6-year period described in 
paragraph (1) ends, contributions or donations that 
remain available to an individual described in such 
paragraph shall be disposed of, not later than 30 
days after such date, as follows: 
‘‘(A) First, to pay any debts or obligations 
owed in connection with the campaign for elec-
tion for Federal office of the individual. 
‘‘(B) Second, to the extent such contribu-
tion or donations remain available after the ap-
plication of subparagraph (A), through any of 
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the following means of disposal (or a combina-
tion thereof), in any order the individual con-
siders appropriate: 
‘‘(i) Returning such contributions or 
donations to the individuals, entities, or 
both, who made such contributions or do-
nations. 
‘‘(ii) Making contributions to an orga-
nization described in section 170(c) of the 
Internal Revenue Code of 1986. 
‘‘(iii) Making transfers to a national, 
State, or local committee of a political 
party.’’. 
SEC. 3. ONE-YEAR TRANSITION PERIOD FOR CERTAIN INDI-
VIDUALS. 
(a) IN GENERAL.—In the case of an individual de-
scribed in subsection (b), any contributions or donations 
remaining available to the individual shall be disposed of— 
(1) not later than one year after the date of the 
enactment of this Act; and 
(2) in accordance with the prioritization speci-
fied in subparagraphs (A) through (D) of subsection 
(c)(2) of section 313 of the Federal Election Cam-
paign Act of 1971 (52 U.S.C. 30114), as amended 
by section 1. 
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(b) INDIVIDUALS DESCRIBED.—An individual de-
scribed in this subsection is an individual who, as of the 
date of the enactment of this Act— 
(1) is not a candidate with respect to an elec-
tion for any Federal office for a period of not less 
than 6 years beginning on the day after the date of 
the most recent such election in which the individual 
was a candidate for any such office; and 
(2) would be in violation of subsection (c) of 
section 313 of the Federal Election Campaign Act of 
1971 (52 U.S.C. 30114), as amended by section 1. 
Æ 
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