MERIT Act

Bill: 113-hr-5011
Sponsor: Rep. Speier, Jackie [D-CA-14]
Introduced: 2014-06-26 in the House
Policy area: Government Operations and Politics
Subjects: Congressional elections
Consumer credit
Elections, voting, political campaign regulation
Employee hiring
Family relationships
Federal officials
Government ethics and transparency, public corruption
Government information and archives
Interest, dividends, interest rates
Licensing and registrations
Members of Congress
Public participation and lobbying

Summary:
action_date: 2014-06-26
text: 
Making Every Representative's Integrity Transparent Act of 2014 or the MERIT Act - Amends the Federal Election Campaign Act of 1971 to prohibit a candidate's authorized committee from employing any of the candidate's relatives in a paid position.
 
Prohibits a leadership political action committee (PAC) from employing in a paid position any relative of the candidate or any individual holding federal office who establishes, finances, maintains, or controls the leadership PAC.
 
Limits the interest rate an authorized committee may pay on a loan accepted from the candidate to an annual rate no higher than the prime rate plus 2%.
 
Revises political committee disclosure requirements about:
 
 
loans made by candidates,
 
expenditures to relatives of candidates for operating expenses, and 
 
disbursements received by a candidate's relative or a business organization one of whose officers or dicrectors is a relative of the candidate. 
 
 
Applies the prohibition against the conversion to personal use of contributions accepted by candidates also to contributions accepted by political committees.
 
Allows the use of contributions accepted by political committees for authorized expenditures in connection with political activities.
 
Amends the Lobbying Disclosure Act of 1995 to: (1) require lobbying registrations to contain, for each employee of the registrant who has acted or who the registrant expects to act as a lobbyist on behalf of the client, the name of each relative of the employee who serves currently or who has served previously as a covered executive or legislative branch official, including the Congressional Bioguide Identifier of any covered official who is or was a Member of Congress; (2) require updates to registrations for employees who become relatives of covered officials, and (3) include lobbying contacts with relatives who are covered officials in quarterly reports on lobbying activities.


Legislative actions:
action_date: 2014-09-02
text: Referred to the Subcommittee on the Constitution and Civil Justice.
action_date: 2014-06-26
text: Referred to the Committee on House Administration, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2014-06-26
text: Referred to the Committee on House Administration, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2014-06-26
text: Introduced in House
action_date: 2014-06-26
text: Introduced in House