Title: SuperPAC Elimination Act of 2018
Policy area: Government Operations and Politics

Summary:
SuperPAC Elimination Act of 2018
This bill amends the Federal Election Campaign Act of 1971 to: (1) eliminate the limitations on direct contributions from individuals and political committees to candidates in federal elections; and (2) require notification to be sent within 24 hours to the Senate or the Federal Election Commission, and the Department of State, as appropriate, if a contributor's aggregate contributions to a candidate exceed $200 in a calendar year.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 3735 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 3735

To protect freedom of speech in America's electoral process and ensure 
                   transparency in campaign finance.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 10, 2018

   Mr. Cruz introduced the following bill; which was read twice and 
         referred to the Committee on Rules and Administration

_______________________________________________________________________

                                 A BILL


 
To protect freedom of speech in America's electoral process and ensure 
                   transparency in campaign finance.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``SuperPAC Elimination Act of 2018''.

SEC. 2. ELIMINATION OF CERTAIN CONTRIBUTIONS LIMITATIONS.

    (a) Purpose.--The purpose of this section is to allow unlimited 
direct contributions by citizens and lawful permanent residents of the 
United States to candidates in Federal elections.
    (b) Elimination of Limitations.--Section 315(a) of the Federal 
Election Campaign Act of 1971 (52 U.S.C. 30116(a)) is amended--
            (1) in paragraph (1)--
                    (A) by striking subparagraph (A) and redesignating 
                subparagraphs (B), (C), and (D) as subparagraphs (A), 
                (B), and (C), respectively; and
                    (B) in subparagraph (B), as redesignated by 
                subparagraph (A), by striking ``(other than a committee 
                described in subparagraph (D))'' and inserting ``(other 
                than an authorized political committee of a candidate 
                or a committee described in subparagraph (C))'';
            (2) in paragraph (2)--
                    (A) by striking subparagraph (A) and redesignating 
                subparagraphs (B) and (C) as subparagraphs (A) and (B), 
                respectively; and
                    (B) in subparagraph (B), as redesignated by 
                subparagraph (A), by inserting ``(other than an 
                authorized political committee of a candidate)'' after 
                ``political committee''; and
            (3) by striking paragraph (3).
    (c) Conforming Amendments.--
            (1) Section 315(a) of such Act (52 U.S.C. 30116(a)) is 
        amended by striking paragraph (6).
            (2)(A) Section 315(c) of such Act (52 U.S.C. 30116(c)) is 
        amended--
                    (i) by striking ``(a)(1)(B), (a)(3),'' in paragraph 
                (1)(B)(i);
                    (ii) by striking ``, (a)(1)(B), (a)(3),'' in 
                subparagraph (1)(C); and
                    (iii) by striking ``, (a)(1)(B), (a)(3),'' in 
                paragraph (2)(B)(ii).
            (B) Section 304(i)(3)(B) of such Act (52 U.S.C. 
        30104(i)(3)(B)) is amended by striking ``, (a)(1)(B), 
        (a)(3),''.
            (3) Section 323(e)(1)(B)(i) of such Act (52 U.S.C. 
        30125(e)(1)(B)(i)) is amended by striking ``contributions to 
        candidates and political committees under paragraphs (1), (2), 
        and (3)'' and inserting ``contributions to political committees 
        under paragraphs (1) and (2)''.

SEC. 3. 24-HOUR NOTIFICATION REQUIRED FOR ALL DIRECT CONTRIBUTIONS TO 
              CANDIDATES.

    Section 304(a)(6)(A) of the Federal Election Campaign Act of 1971 
(52 U.S.C. 30104(a)(6)(A)) is amended to read as follows:
                    ``(A) In general.--
                            ``(i) If a candidate receives an aggregate 
                        amount of contributions in excess of $200 from 
                        any contributor during a calendar year, the 
                        principal campaign committee of such candidate 
                        shall submit to the Secretary or the 
                        Commission, and the Secretary of State, as 
                        appropriate, in writing, a notification 
                        containing the name of the candidate and office 
                        sought by the candidate, the identification of 
                        the contributor, and the date of the receipt 
                        and amount of the contribution.
                            ``(ii) If, at any time after a candidate is 
                        required to submit a notification under this 
                        subparagraph with respect to a contributor 
                        during a calendar year, the candidate receives 
                        additional contributions from that contributor 
                        during that year, the principal campaign 
                        committee of the candidate shall submit an 
                        additional notification under clause (i) with 
                        respect to such contributor.
                            ``(iii) The principal campaign committee of 
                        the candidate shall submit the notification 
                        required under this subparagraph with respect 
                        to a contributor--
                                    ``(I) in the case of a notification 
                                described in clause (i), not later than 
                                24 hours after the date on which the 
                                aggregate amount of contributions 
                                received from the contributor during 
                                the calendar year exceeds $200; or
                                    ``(II) in the case of an additional 
                                notification described in clause (ii), 
                                not later than 24 hours after the date 
                                of the contribution.''.

SEC. 4. EFFECTIVE DATE.

    The amendments made by this Act shall apply to contributions made 
for elections occurring after the date of the enactment of this Act.
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