‘‘(i) INDEPENDENT
EXPENDITURES.— 
For purposes of this paragraph, the ‘signifi-
cant funder’ with respect to an independent 
expenditure consisting of a public commu-
nication paid for in whole or in part with 
a payment which is treated as a disburse-
ment by a covered organization for cam-
paign-related activity under section 325 
shall be determined as follows: 
‘‘(I) If any report filed by any or-
ganization with respect to the inde-
pendent expenditure under section 304 
includes information on any person 
who made a payment to the organiza-
tion in an amount equal to or exceed-
ing $100,000 which was designated by 
the person to be used for campaign-re-
lated activity consisting of that specific 
independent expenditure (as required 
to be included in the report under sec-
tion 304(g)(5)(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 inde-
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pendent expenditure under section 304 
includes information on any person 
who made a payment to the organiza-
tion in an amount equal to or exceed-
ing $100,000 which was designated by 
the person to be used for campaign-re-
lated activity with respect to the same 
election or in support of the same can-
didate (as required to be included in 
the 
report 
under 
section 
304(g)(5)(A)(i)) but subclause (I) does 
not apply, the person who is identified 
among all such reports as making the 
largest such payment. 
‘‘(III) If any report filed by any 
organization with respect to the inde-
pendent expenditure under section 304 
includes information on any person 
who made a payment to the organiza-
tion which was provided for the pur-
pose of being used for campaign-related 
activity or in response to a solicitation 
for funds to be used for campaign-re-
lated activity (as required to be in-
cluded in the report under section 
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304(g)(5)(A)(i)) but subclause (I) or 
subclause (II) does not apply, the per-
son who is identified among all such 
reports as making the largest such pay-
ment. 
‘‘(IV) If none of the reports filed 
by any organization with respect to the 
independent expenditure under section 
304 includes information on any per-
son (other than the organization) who 
made a payment to the organization 
which was provided for the purpose of 
being used for campaign-related activ-
ity or in response to a solicitation for 
funds to be used for campaign-related 
activity, but any of such reports in-
cludes 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. 
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‘‘(ii) ELECTIONEERING
COMMUNICA-
TIONS.—For purposes of this paragraph, the 
‘significant funder’ with respect to an elec-
tioneering communication paid for in whole 
or in part with a payment which is treated 
as a disbursement by a covered organization 
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 election-
eering communication under section 
304 includes information on any per-
son who made a payment to the orga-
nization in an amount equal to or ex-
ceeding $100,000 which was designated 
by the person to be used for campaign- 
related activity consisting of that spe-
cific electioneering communication (as 
required to be included in the report 
under section 304(f)(6)(A)(i)), the per-
son who is identified among all such 
reports as making the largest such pay-
ment. 
‘‘(II) If any report filed by any 
organization with respect to the elec-
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hsrobinson on DSK69SOYB1PROD with BILLS
tioneering communication under sec-
tion 304 includes information on any 
person who made a payment to the or-
ganization 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. 
‘‘(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 or-
ganization which was provided for the 
purpose of being used for campaign-re-
lated activity or in response to a solici-
tation for funds to be used for cam-
paign-related activity (as required to 
be included in the report under section 
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hsrobinson on DSK69SOYB1PROD with BILLS
304(f)(6)(A)(i)) but subclause (I) or 
subclause (II) does not apply, the per-
son who is identified among all such 
reports as making the largest such pay-
ment. 
‘‘(IV) If none of the reports filed 
by any organization with respect to the 
electioneering communication under 
section 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, 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(f)(6)(A)(ii)), the per-
son who is identified among all such 
reports as making the largest such un-
restricted donor payment. 
‘‘(5) TOP 5 FUNDERS LIST DESCRIBED.—With 
respect to a communication paid for in whole or in 
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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 de-
scribed 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 (or, in the 
case of a communication transmitted through 
radio, the 2 persons) who provided 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, to-
gether with the amount of the payments each 
such person provided; or 
‘‘(B) in the case of a disbursement for an 
electioneering communication, a list of the 5 per-
sons (or, in the case of a communication trans-
mitted through radio, the 2 persons) who pro-
vided the largest payments of any type which are 
required under section 304(f)(6)(A) to be in-
cluded in the reports filed by any organization 
with respect to that electioneering communica-
tion under section 304, together with the amount 
of the payments each such person provided. 
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