licitation 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)), the 
person who is identified among all 
such reports as making the largest 
such unrestricted donor payment. 
‘‘(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 
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 includes information on any 
person who made a payment to the 
organization in an amount equal to or 
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exceeding $100,000 which was des-
ignated by the person to be used for 
campaign-related activity consisting of 
that specific electioneering commu-
nication (as required to be included 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 includes information on any 
person who made a payment to the 
organization in an amount equal to or 
exceeding $100,000 which was des-
ignated by the person to be used for 
campaign-related activity with respect 
to the same election or in support of 
the same candidate (as required to be 
included in the report under section 
304(f)(6)(A)(i)) but subclause (I) 
does not apply, the person 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 elec-
tioneering communication under sec-
tion 304 includes information on any 
person who made a payment to the 
organization 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 (as required 
to be included in the report under sec-
tion 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 includes informa-
tion on any person who made a pay-
ment to the organization 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, but 
any of such reports includes informa-
tion on any person who made an unre-
stricted donor payment to the organi-
zation (as required to be included in 
the 
report 
under 
section 
304(f)(6)(A)(ii)), the person who is 
identified among all such reports as 
making the largest such unrestricted 
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 who pro-
vided the largest payments of any type 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, together with the amount of 
the payments each such person provided; or 
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‘‘(B) in the case of a disbursement for an 
electioneering communication, a list of the 5 
persons who provided the largest payments of 
any type 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, 
together with the amount of the payments each 
such person provided. 
‘‘(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 
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 
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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) APPLICABLE
INDIVIDUAL
DEFINED.—In 
this subsection, the term ‘applicable individual’ 
means, with respect to a communication to which 
this paragraph applies— 
‘‘(A) if the communication is paid for by 
an individual or if the significant funder of the 
communication under paragraph (4) is an indi-
vidual, the individual involved; 
‘‘(B) if the communication is paid for by a 
corporation or if the significant funder of the 
communication under paragraph (4) is a cor-
poration, the chief executive officer of the cor-
poration (or, if the corporation does not have a 
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chief executive officer, the highest ranking offi-
cial of the corporation); 
‘‘(C) if the communication is paid for by a 
labor organization or if the significant funder of 
the communication under paragraph (4) is a 
labor organization, the highest ranking officer 
of the labor organization; or 
‘‘(D) if the communication is paid for by 
any other person or if the significant funder of 
the communication under paragraph (4) is any 
other person, the highest ranking official of 
such person. 
‘‘(8) COVERED
ORGANIZATION
DEFINED.—In 
this subsection, the term ‘covered organization’ 
means any of the following: 
‘‘(A) Any corporation which is subject to 
section 316(a). 
‘‘(B) Any labor organization (as defined in 
section 316). 
‘‘(C) Any organization described in para-
graph (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. 
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