tronically with the Commission accessible to the pub-
lic on the Internet not later than 24 hours after the
designation, statement, report, or notification is re-
ceived by the Commission.
‘‘(C) In promulgating a regulation under this
paragraph, the Commission shall provide methods
(other than requiring a signature on the document
being filed) for verifying designations, statements,
and reports covered by the regulation. Any document
verified under any of the methods shall be treated
for all purposes (including penalties for perjury) in
the same manner as a document verified by signa-
ture.’’.
SEC. 302. PROHIBITION OF DEPOSIT OF CONTRIBUTIONS
WITH INCOMPLETE CONTRIBUTOR INFORMA-
TION.
Section 302 of Federal Election Campaign Act of
1971 (2 U.S.C. 432) is amended by adding at the end
the following:
‘‘(j) DEPOSIT OF CONTRIBUTIONS.—The treasurer of
a candidate’s authorized committee shall not deposit, ex-
cept in an escrow account, or otherwise negotiate a con-
tribution from a person who makes an aggregate amount
of contributions in excess of $200 during a calendar year
unless the treasurer verifies that the information required
by this section with respect to the contributor is com-
plete.’’.
SEC. 303. AUDITS.
(a) RANDOM AUDITS.—Section 311(b) of the Federal
Election Campaign Act of 1971 (2 U.S.C. 438(b)) is
amended—
(1) by inserting ‘‘(1) IN GENERAL.—’’ before
‘‘The Commission’’; and
(2) by adding at the end the following:
‘‘(2) RANDOM AUDITS.—
‘‘(A) IN GENERAL.—Notwithstanding para-
graph (1), the Commission may conduct ran-
dom audits and investigations to ensure vol-
untary compliance with this Act. The selection
of any candidate for a random audit or inves-
tigation shall be based on criteria adopted by a
vote of at least four members of the Commis-
sion.
‘‘(B) LIMITATION.—The Commission shall
not conduct an audit or investigation of a can-
didate’s authorized committee under subpara-
graph (A) until the candidate is no longer a
candidate for the office sought by the candidate
in an election cycle.
‘‘(C) 
APPLICABILITY.—This 
paragraph
does not apply to an authorized committee of a
candidate for President or Vice President sub-
ject to audit under section 9007 or 9038 of the
Internal Revenue Code of 1986.’’.
(b) EXTENSION OF PERIOD DURING WHICH CAM-
PAIGN AUDITS MAY BE BEGUN.—Section 311(b) of the
Federal Election Campaign Act of 1971 (2 U.S.C. 438(b))
is amended by striking ‘‘6 months’’ and inserting ‘‘12
months’’.
SEC. 304. REPORTING REQUIREMENTS FOR CONTRIBU-
TIONS OF $50 OR MORE.
Section 304(b)(3)(A) of the Federal Election Cam-
paign Act at 1971 (2 U.S.C. 434(b)(3)(A) is amended—
(1) by striking ‘‘$200’’ and inserting ‘‘$50’’;
and
(2) by striking the semicolon and inserting ‘‘,
except that in the case of a person who makes con-
tributions aggregating at least $50 but not more
than $200 during the calendar year, the identifica-
tion need include only the name and address of the
person;’’.
SEC. 305. USE OF CANDIDATES’ NAMES.
Section 302(e) of the Federal Election Campaign Act
of 1971 (2 U.S.C. 432(e)) is amended by striking para-
graph (4) and inserting the following:
‘‘(4)(A) The name of each authorized commit-
tee shall include the name of the candidate who au-
thorized the committee under paragraph (1).
‘‘(B) A political committee that is not an au-
thorized committee shall not—
‘‘(i) include the name of any can-
didate in its name; or
‘‘(ii) except in the case of a national,
State, or local party committee, use the
name of any candidate in any activity on
behalf of the committee in such a context
as to suggest that the committee is an au-
thorized committee of the candidate or
that the use of the candidate’s name has
been authorized by the candidate.’’.
SEC. 306. PROHIBITION OF FALSE REPRESENTATION TO
SOLICIT CONTRIBUTIONS.
Section 322 of the Federal Election Campaign Act
of 1971 (2 U.S.C. 441h) is amended—
(1) by inserting after ‘‘SEC. 322.’’ the follow-
ing: ‘‘(a) IN GENERAL.—’’; and
(2) by adding at the end the following:
‘‘(b) SOLICITATION OF CONTRIBUTIONS.—No person
shall solicit contributions by falsely representing himself
or herself as a candidate or as a representative of a can-
didate, a political committee, or a political party.’’.
SEC. 307. SOFT MONEY OF PERSONS OTHER THAN POLITI-
CAL PARTIES.
(a) IN GENERAL.—Section 304 of the Federal Elec-
tion Campaign Act of 1971 (2 U.S.C. 434) (as amended
by section 103(c) and section 203) is amended by adding
at the end the following:
‘‘(g) DISBURSEMENTS OF PERSONS OTHER THAN
POLITICAL PARTIES.—
‘‘(1) IN GENERAL.—A person, other than a po-
litical committee or a person described in section
501(d) of the Internal Revenue Code of 1986, that
makes an aggregate amount of disbursements in ex-
cess of $50,000 during a calendar year for activities
described in paragraph (2) shall file a statement
with the Commission—
‘‘(A) on a monthly basis as described in
subsection (a)(4)(B); or
‘‘(B) in the case of disbursements that are
made within 20 days of an election, within 24
hours after the disbursements are made.
‘‘(2) ACTIVITY.—The activity described in this
paragraph is—
‘‘(A) Federal election activity;
‘‘(B) an activity described in section
316(b)(2)(A) that expresses support for or op-
position to a candidate for Federal office or a
political party; and
‘‘(C) an activity described in subparagraph
(C) of section 316(b)(2).
‘‘(3) APPLICABILITY.—This subsection does not
apply to—
‘‘(A) a candidate or a candidate’s author-
ized committees; or
‘‘(B) an independent expenditure.
‘‘(4) CONTENTS.—A statement under this sec-
tion shall contain such information about the dis-
bursements made during the reporting period as the
Commission shall prescribe, including—
‘‘(A) the aggregate amount of disburse-
ments made;
‘‘(B) the name and address of the person
or entity to whom a disbursement is made in an
aggregate amount in excess of $200;
‘‘(C) the date made, amount, and purpose
of the disbursement; and
‘‘(D) if applicable, whether the disburse-
ment was in support of, or in opposition to, a
candidate or a political party, and the name of
the candidate or the political party.’’.
(b) DEFINITION OF GENERIC CAMPAIGN ACTIVITY.—
Section 301 of the Federal Election Campaign Act of
1971 (2 U.S.C. 431 et seq.) (as amended by section
201(b)) is further amended by adding at the end the fol-
lowing:
‘‘(21) GENERIC CAMPAIGN ACTIVITY.—The term ‘ge-
neric campaign activity’ means an activity that promotes
a political party and does not promote a candidate or non-
Federal candidate.’’.
SEC. 308. CAMPAIGN ADVERTISING.
Section 318 of the Federal Election Campaign Act
of 1971 (2 U.S.C. 441d) is amended—
(1) in subsection (a)—
(A) in the matter preceding paragraph
(1)—
(i) by striking ‘‘Whenever’’ and insert-
ing ‘‘Whenever a political committee makes
a disbursement for the purpose of financ-
ing any communication through any broad-
casting station, newspaper, magazine, out-
door advertising facility, mailing, or any
other type of general public political adver-
tising, or whenever’’;
(ii) by striking ‘‘an expenditure’’ and
inserting ‘‘a disbursement’’; and
(iii) by striking ‘‘direct’’; and
(B) in paragraph (3), by inserting ‘‘and
permanent street address’’ after ‘‘name’’; and
(2) by adding at the end the following:
‘‘(c) Any printed communication described in sub-
section (a) shall—
‘‘(1) be of sufficient type size to be clearly read-
able by the recipient of the communication;
‘‘(2) be contained in a printed box set apart
from the other contents of the communication; and
‘‘(3) be printed with a reasonable degree of
color contrast between the background and the
printed statement.
‘‘(d)(1) Any communication described in paragraphs
(1) or (2) of subsection (a) which is transmitted through
radio or television shall include, in addition to the require-
ments of that paragraph, an audio statement by the can-
didate that identifies the candidate and states that the
candidate has approved the communication.
‘‘(2) If a communication described in paragraph (1)
is transmitted through television, the communication shall
include, in addition to the audio statement under para-
graph (1), a written statement that—
‘‘(A) appears at the end of the communication
in a clearly readable manner with a reasonable de-
gree of color contrast between the background and
the printed statement, for a period of at least 4 sec-
onds; and
‘‘(B) is accompanied by a clearly identifiable
photographic or similar image of the candidate.
‘‘(e) Any communication described in paragraph (3)
of subsection (a) which is transmitted through radio or
television shall include, in addition to the requirements of
that paragraph, in a clearly spoken manner, the following
statement: ‘llllllll is responsible for the con-
tent of this advertisement.’ (with the blank to be filled in
with the name of the political committee or other person
paying for the communication and the name of any con-
nected organization of the payor). If transmitted through
television, the statement shall also appear in a clearly
readable manner with a reasonable degree of color con-
trast between the background and the printed statement,
for a period of at least 4 seconds.’’.
TITLE IV—PERSONAL WEALTH
OPTION
SEC. 401. VOLUNTARY PERSONAL FUNDS EXPENDITURE
LIMIT.
Title III of the Federal Election Campaign Act of
1971 (2 U.S.C. 431 et seq.), as amended by section 101,
is further amended by adding at the end the following new
section:
‘‘VOLUNTARY PERSONAL FUNDS EXPENDITURE LIMIT
‘‘SEC. 324. (a) ELIGIBLE CONGRESSIONAL CAN-
DIDATE.—
‘‘(1) PRIMARY ELECTION.—
‘‘(A) DECLARATION.—A candidate for elec-
tion for Senator or Representative in or Dele-
gate or Resident Commissioner to the Congress
is an eligible primary election Congressional
candidate if the candidate files with the Com-
mission a declaration that the candidate and
the candidate’s authorized committees will not
make expenditures in excess of the personal
funds expenditure limit.
‘‘(B) TIME
TO
FILE.—The declaration
under subparagraph (A) shall be filed not later
than the date on which the candidate files with
the appropriate State officer as a candidate for
the primary election.
‘‘(2) GENERAL ELECTION.—
‘‘(A) DECLARATION.—A candidate for elec-
tion for Senator or Representative in or Dele-
gate or Resident Commissioner to the Congress
is an eligible general election Congressional can-
didate if the candidate files with the Commis-
sion—
‘‘(i) a declaration under penalty of
perjury, with supporting documentation as
required by the Commission, that the can-
didate and the candidate’s authorized com-
mittees did not exceed the personal funds
expenditure limit in connection with the
primary election; and
‘‘(ii) a declaration that the candidate
and the candidate’s authorized committees
will not make expenditures in excess of the
personal funds expenditure limit.
‘‘(B) TIME
TO
FILE.—The declaration
under subparagraph (A) shall be filed not later
than 7 days after the earlier of—
‘‘(i) the date on which the candidate
qualifies for the general election ballot
under State law; or
‘‘(ii) if under State law, a primary or
run-off election to qualify for the general
election ballot occurs after September 1,
the date on which the candidate wins the
primary or runoff election.
‘‘(b) PERSONAL FUNDS EXPENDITURE LIMIT.—
‘‘(1) IN GENERAL.—The aggregate amount of
expenditures that may be made in connection with
an election by an eligible Congressional candidate or
the candidate’s authorized committees from the
sources described in paragraph (2) shall not exceed
$50,000.
‘‘(2) SOURCES.—A source is described in this
paragraph if the source is—
‘‘(A) personal funds of the candidate and
members of the candidate’s immediate family;
or
‘‘(B) proceeds of indebtedness incurred by
the candidate or a member of the candidate’s
immediate family.
‘‘(c) CERTIFICATION BY THE COMMISSION.—
unrelated to collective bargaining, includ-
ing but not limited to the opportunity to
file such objection by mail.
‘‘(B) If an employee who is not a member
of the labor organization files an objection
under the procedure in subparagraph (A), such
organization shall—
‘‘(i) reduce the payments in lieu of or-
ganization dues or fees by such employee
by an amount which reasonably reflects the
ratio that the organization’s expenditures
supporting political activities unrelated to
collective bargaining bears to such organi-
zation’s total expenditures; and
‘‘(ii) provide such employee with a
reasonable explanation of the organiza-
tion’s calculation of such reduction, includ-
ing calculating the amount of organization
expenditures supporting political activities
unrelated to collective bargaining.
‘‘(3) DEFINITION.—In this subsection, the term
‘expenditures supporting political activities unrelated
to collective bargaining’ means expenditures in con-
nection with a Federal, State, or local election or in
connection with efforts to influence legislation unre-
lated to collective bargaining.’’.
SEC. 502. USE OF CONTRIBUTED AMOUNTS FOR CERTAIN
PURPOSES.
Title III of the Federal Election Campaign Act of
1971 (2 U.S.C. 431 et seq.) is amended by striking section
313 and inserting the following:
‘‘USE OF CONTRIBUTED AMOUNTS FOR CERTAIN
PURPOSES
‘‘SEC. 313. (a) PERMITTED USES.—A contribution
accepted by a candidate, and any other amount received
by an individual as support for activities of the individual
as a holder of Federal office, may be used by the candidate
or individual—
‘‘(1) for expenditures in connection with the
campaign for Federal office of the candidate or indi-
vidual;
‘‘(2) for ordinary and necessary expenses in-
curred in connection with duties of the individual as
a holder of Federal office;
‘‘(3) for contributions to an organization de-
scribed in section 170(c) of the Internal Revenue
Code of 1986; or
‘‘(4) for transfers to a national, State, or local
committee of a political party.
‘‘(b) PROHIBITED USE.—
‘‘(1) IN GENERAL.—A contribution or amount
described in subsection (a) shall not be converted by
any person to personal use.
‘‘(2) CONVERSION.—For the purposes of para-
graph (1), a contribution or amount shall be consid-
ered to be converted to personal use if the contribu-
tion or amount is used to fulfill any commitment,
obligation, or expense of a person that would exist
irrespective of the candidate’s election campaign or
individual’s duties as a holder of Federal office-
holder, including—
‘‘(A) a home mortgage, rent, or utility pay-
ment;
‘‘(B) a clothing purchase;
‘‘(C) a noncampaign-related automobile ex-
pense;
‘‘(D) a country club membership;
‘‘(E) a vacation or other noncampaign-re-
lated trip;
‘‘(F) a household food item;
‘‘(G) a tuition payment;
‘‘(H) admission to a sporting event, con-
cert, theater, or other form of entertainment
not associated with an election campaign; and
‘‘(I) dues, fees, and other payments to a
health club or recreational facility.’’.
SEC. 503. LIMIT ON CONGRESSIONAL USE OF THE FRANK-
ING PRIVILEGE.
Section 3210(a)(6) of title 39, United States Code,
is amended by striking subparagraph (A) and inserting
the following:
‘‘(A) A Member of Congress shall not mail
any mass mailing as franked mail during the
180-day period which ends on the date of the
general election for the office held by the Mem-
ber or during the 90-day period which ends on
the date of any primary election for that office,
unless the Member has made a public an-
nouncement that the Member will not be a can-
didate for reelection during that year or for
election to any other Federal office.’’.
SEC. 504. PROHIBITION OF FUNDRAISING ON FEDERAL
PROPERTY.
Section 607 of title 18, United States Code, is
amended—
(1) by striking subsection (a) and inserting the
following:
‘‘(a) PROHIBITION.—
‘‘(1) IN GENERAL.—It shall be unlawful for any
person to solicit or receive a donation of money or
other thing of value for a political committee or a
candidate for Federal, State or local office from a
person who is located in a room or building occupied
in the discharge of official duties by an officer or
employee of the United States. An individual who is
an officer or employee of the Federal Government,
including the President, Vice President, and Mem-
bers of Congress, shall not solicit a donation of
money or other thing of value for a political commit-
tee or candidate for Federal, State or local office,
while in any room or building occupied in the dis-
charge of official duties by an officer or employee of
the United States, from any person.
‘‘(2) PENALTY.—A person who violates this sec-
tion shall be fined not more than $5,000, imprisoned
more than 3 years, or both.’’; and
(2) by inserting in subsection (b) after ‘‘Con-
gress’’ ‘‘or Executive Office of the President’’.
SEC. 505. PENALTIES FOR KNOWING AND WILLFUL VIOLA-
TIONS.
(a) INCREASED PENALTIES.—Section 309(a) of the
Federal Election Campaign Act of 1971 (2 U.S.C.
437g(a)) is amended—
(1) in paragraphs (5)(A), (6)(A), and (6)(B),
by striking ‘‘$5,000’’ and inserting ‘‘$10,000’’; and
(2) in paragraphs (5)(B) and (6)(C), by strik-
ing ‘‘$10,000 or an amount equal to 200 percent’’
and inserting ‘‘$20,000 or an amount equal to 300
percent’’.
(b) EQUITABLE REMEDIES.—Section 309(a)(5)(A) of
the Federal Election Campaign Act of 1971 (2 U.S.C.
437g(a)(5)) is amended by striking the period at the end
and inserting ‘‘, and may include equitable remedies or
penalties, including disgorgement of funds to the Treasury
or community service requirements (including require-
ments to participate in public education programs).’’.
(c) AUTOMATIC PENALTY FOR LATE FILING.—Sec-
tion 309(a) of the Federal Election Campaign Act of 1971
(2 U.S.C. 437g(a)) is amended—
(1) by adding at the end the following:
‘‘(13) PENALTY FOR LATE FILING.—
‘‘(A) IN GENERAL.—
‘‘(i) MONETARY
PENALTIES.—The Com-
mission shall establish a schedule of mandatory
monetary penalties that shall be imposed by the
Commission for failure to meet a time require-
ment for filing under section 304.
the date of the Commission action for which re-
view is sought.’’;
(2) in paragraph (5)(D)—
(A) by inserting after the first sentence the
following: ‘‘In any case in which a penalty or
filing requirement imposed on a political com-
mittee or treasurer under paragraph (13) has
not been satisfied, the Commission may insti-
tute a civil action for enforcement under para-
graph (6)(A).’’; and
(B) by inserting before the period at the
end of the last sentence the following: ‘‘or has
failed to pay a penalty or meet a filing require-
ment imposed under paragraph (13)’’; and
(3) in paragraph (6)(A), by striking ‘‘paragraph
(4)(A)’’ and inserting ‘‘paragraph (4)(A) or (13)’’.
SEC. 506. BAN ON CAMPAIGN CONTRIBUTIONS BY NONCITI-
ZENS.
(a) IN GENERAL.—Section 319 of the Federal Elec-
tion Campaign Act of 1971 (2 U.S.C. 441e) is amended
to read as follows:
‘‘CONTRIBUTIONS AND DONATIONS BY NONCITIZENS
‘‘SEC. 319. (a) PROHIBITION.—It shall be unlawful
for—
‘‘(1) a noncitizen, directly or indirectly, to
make—
‘‘(A) a donation of money or other thing of
value, or to promise expressly or impliedly to
make a donation, in connection with a Federal,
State, or local election to a political committee
or a candidate for Federal office; or
‘‘(B) a contribution or donation to a com-
mittee of a political party; or
‘‘(2) a person to solicit, accept, or receive a con-
tribution or donation described in paragraph (1)
from a noncitizen.
‘‘(b) TREATMENT OF NATIONALS OF THE UNITED
STATES.—For purposes of subsection (a), a ‘noncitizen’
of the United States does not include a national of the
United States (as defined in section 101(a)(22) of the Im-
migration and Nationality Act).’’.
(b) PROHIBITING USE OF WILLFUL BLINDNESS AS
DEFENSE AGAINST CHARGE
OF VIOLATING FOREIGN
CONTRIBUTION BAN.—
(1) IN GENERAL.—Section 319 of the Federal
Election Campaign Act of 1971 (2 U.S.C. 441e) is
amended—
(A) by redesignating subsection (b) as sub-
section (c); and
(B) by inserting after subsection (a) the
following new subsection:
‘‘(b) It shall not be a defense to a violation of sub-
section (a) that the defendant did not know that the con-
tribution originated from a foreign national if the defend-
ant should have known that the contribution originated
from a foreign national, except that the trier of fact may
not find that the defendant should have known that the
contribution originated from a foreign national solely be-
cause of the name of the contributor.’’.
(2) EFFECTIVE DATE.—The amendments made
by this subsection shall apply with respect to viola-
tions occurring on or after the date of the enactment
of this Act.
SEC. 507. PROHIBITION OF CONTRIBUTIONS BY MINORS.
Title III of the Federal Election Campaign Act of
1971 (2 U.S.C. 431 et seq.), as amended by sections 101
and 401, is further amended by adding at the end the
following new section:
‘‘PROHIBITION OF CONTRIBUTIONS BY MINORS
‘‘SEC. 325. An individual who is 17 years old or
younger shall not make a contribution to a candidate or
a contribution or donation to a committee of a political
party.’’.
SEC. 508. EXPEDITED PROCEDURES.
(a) IN GENERAL.—Section 309(a) of the Federal
Election Campaign Act of 1971 (2 U.S.C. 437g(a)) (as
amended by section 505(c)) is amended by adding at the
end the following:
‘‘(14)(A) If the complaint in a proceeding was filed
within 60 days preceding the date of a general election,
the Commission may take action described in this sub-
paragraph.
‘‘(B) If the Commission determines, on the basis of
facts alleged in the complaint and other facts available to
the Commission, that there is clear and convincing evi-
dence that a violation of this Act has occurred, is occur-
ring, or is about to occur, the Commission may order expe-
dited proceedings, shortening the time periods for proceed-
ings under paragraphs (1), (2), (3), and (4) as necessary
to allow the matter to be resolved in sufficient time before
the election to avoid harm or prejudice to the interests
of the parties.
‘‘(C) If the Commission determines, on the basis of
facts alleged in the complaint and other facts available to
the Commission, that the complaint is clearly without
merit, the Commission may—
‘‘(i) order expedited proceedings, shortening the
time periods for proceedings under paragraphs (1),
(2), (3), and (4) as necessary to allow the matter to
be resolved in sufficient time before the election to
avoid harm or prejudice to the interests of the par-
ties; or
‘‘(ii) if the Commission determines that there is
insufficient time to conduct proceedings before the
election, summarily dismiss the complaint.’’.
(b) REFERRAL TO ATTORNEY GENERAL.—Section
309(a)(5) of the Federal Election Campaign Act of 1971
(2 U.S.C. 437g(a)(5)) is amended by striking subpara-
graph (C) and inserting the following:
‘‘(C) The Commission may at any time, by an affirm-
ative vote of at least 4 of its members, refer a possible
violation of this Act or chapter 95 or 96 of the Internal
Revenue Code of 1986, to the Attorney General of the
United States, without regard to any limitation set forth
in this section.’’.
SEC. 509. INITIATION OF ENFORCEMENT PROCEEDING.
Section 309(a)(2) of the Federal Election Campaign
Act of 1971 (2 U.S.C. 437g(a)(2)) is amended by striking
‘‘reason to believe that’’ and inserting ‘‘reason to inves-
tigate whether’’.
SEC. 510. PROTECTING EQUAL PARTICIPATION OF ELIGI-
BLE VOTERS IN CAMPAIGNS AND ELECTIONS.
Title III of the Federal Election Campaign Act of
1971 (2 U.S.C. 431 et seq.), as amended by sections 101,
401, and 507, is further amended by adding at the end
the following new section:
‘‘PROTECTING EQUAL PARTICIPATION OF ELIGIBLE
VOTERS IN CAMPAIGNS AND ELECTIONS
‘‘SEC. 326. (a) IN GENERAL.—Nothing in this Act
may be construed to prohibit any individual eligible to vote
in an election for Federal office from making contributions
or expenditures in support of a candidate for such an elec-
tion (including voluntary contributions or expenditures
made through a separate segregated fund established by
the individual’s employer or labor organization) or other-
wise participating in any campaign for such an election
in the same manner and to the same extent as any other
individual eligible to vote in an election for such office.
‘‘(b) NO EFFECT ON GEOGRAPHIC RESTRICTIONS ON
CONTRIBUTIONS.—Subsection (a) may not be construed
to affect any restriction under this title regarding the por-
tion of contributions accepted by a candidate from persons
residing in a particular geographic area.’’.
SEC. 511. PROHIBITING NONCITIZEN INDIVIDUALS FROM
MAKING CONTRIBUTIONS IN CONNECTION
WITH FEDERAL ELECTIONS.
(a) PROHIBITION APPLICABLE TO ALL INDIVIDUALS
WHO ARE NOT CITIZENS OR NATIONALS OF THE UNITED
STATES.—Section 319(b)(2) of the Federal Election Cam-
paign Act of 1971 (2 U.S.C. 441e(b)(2)) is amended by