‘‘(1) REQUIREMENT
DESCRIBED.—(A) If any 
person to which section 323 does not apply makes 
(or obligates to make) disbursements for Federal 
election activities (as defined in section 301(20)) in 
excess of $2,000, such person shall file a state-
ment—
‘‘(i) on or before the date that is 48 hours 
before the disbursements (or obligations) are 
made; or 
‘‘(ii) in the case of disbursements (or obli-
gations) that are required to be made within 14 
days of the election, on or before such 14th day. 
‘‘(B) An additional statement shall be filed each 
time additional disbursements aggregating $2,000 
are made (or obligated to be made) by a person de-
scribed in subparagraph (A). 
‘‘(2) CONTENTS
OF
STATEMENT.—Any state-
ment under this section shall be filed with the Sec-
retary of the Senate or the Clerk of the House of 
Representatives, and the Secretary of State (or 
equivalent official) of the State involved, as appro-
priate, and shall contain such information as the 
Commission shall prescribe, including whether the 
disbursement is in support of, or in opposition to, 1 
or more candidates or any political party. The Sec-
retary of the Senate or Clerk of the House of Rep-
resentatives shall, as soon as possible (but not later 
than 24 hours after receipt), transmit a statement 
to the Commission. Not later than 48 hours after re-
ceipt, the Commission shall transmit the statement 
to—
‘‘(A) the candidates or political parties in-
volved; or 
‘‘(B) if the disbursement is not in support 
of, or in opposition to, a candidate or political 
party, the State committees of each political 
party in the State involved. 
‘‘(3) DETERMINATIONS BY COMMISSION.—The 
Commission may make its own determination that 
disbursements described in paragraph (1) have been 
made or are obligated to be made. The Commission 
shall notify the candidates or political parties de-
scribed in paragraph (2) not later than 24 hours 
after its determination. 
‘‘(4) EXCEPTIONS.—This subsection shall not 
apply to—
‘‘(A) a candidate or a candidate’s author-
ized committees; or 
‘‘(B) an independent expenditure (as de-
fined in section 301(17)).’’.
SEC. 5. CONTRIBUTIONS THROUGH INTERMEDIARIES AND 
CONDUITS. 
Section 315(a)(8) of the Federal Election Campaign 
Act of 1971 (2 U.S.C. 441a(a)(8)) is amended to read 
as follows: 
‘‘(8) For the purposes of this subsection: 
‘‘(A) Contributions made by a person, either di-
rectly or indirectly, to or on behalf of a particular 
candidate, including contributions that are in any 
way earmarked or otherwise directed through an 
intermediary or conduit to a candidate, shall be 
treated as contributions from the person to the can-
didate. If a contribution is made to a candidate 
through an intermediary or conduit, the inter-
mediary or conduit shall report the original source 
and the intended recipient of the contribution to the 
Commission and the intended recipient. 
‘‘(B) Contributions made directly or indirectly 
by a person to or on behalf of a particular candidate 
through an intermediary or conduit, including con-
tributions arranged to be made by an intermediary 
or conduit, shall be treated as contributions from the 
intermediary or conduit to the candidate if—
‘‘(i) the contributions made through the 
intermediary or conduit are in the form of a 
check or other negotiable instrument made pay-
able to the intermediary or conduit rather than 
the intended recipient; or 
‘‘(ii) the intermediary or conduit is—
‘‘(I) a political committee, a political 
party, or an officer, employee, or agent of 
either; 
‘‘(II) a person whose activities are re-
quired to be reported under section 4 of 
the Lobbying Disclosure Act of 1995 (2 
U.S.C. 1603), the Foreign Agents Reg-
istration Act of 1938 (22 U.S.C. 611 et 
seq.), or any successor Federal law requir-
ing a person who is a lobbyist or foreign 
agent to report the activities of such per-
son; 
‘‘(III) a person who is prohibited from 
making contributions under section 316 or 
a partnership; or 
‘‘(IV) an officer, employee, or agent of 
a person described in subclause (II) or 
(III) acting on behalf of such person. 
‘‘(C) The term ‘contributions arranged to be 
made’ includes—
‘‘(i) contributions delivered directly or indi-
rectly to a particular candidate or the can-
didate’s authorized committee or agent by the 
person who facilitated the contribution; and 
‘‘(ii) contributions made directly or indi-
rectly to a particular candidate or the can-
didate’s authorized committee or agent that are 
provided at a fundraising event sponsored by an 
intermediary or conduit described in subpara-
graph (B). 
‘‘(D) This paragraph shall not prohibit—
‘‘(i) fundraising efforts for the benefit of a 
candidate that are conducted by another can-
didate or Federal officeholder; or 
‘‘(ii) the solicitation by an individual using 
the individual’s resources and acting in the in-
dividual’s own name of contributions from other 
persons in a manner not described in para-
graphs (B) and (C).’’. 
SEC. 6. EFFECTIVE DATE. 
The amendments made by this Act shall apply with 
respect to elections occurring after December 31, 2004.
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