Source: https://www.law.cornell.edu/uscode/text/52/30118
Timestamp: 2019-01-23 09:18:36
Document Index: 342474213

Matched Legal Cases: ['§ 30118', '§ 30118', '§\u202f316', '§\u202f321', '§\u202f112', '§\u202f316', '§\u202f105', '§\u202f203', '§\u202f1263', '§\u202f203', '§\u202f203', '§\u202f204', '§\u202f112']

52 U.S. Code § 30118 - Contributions or expenditures by national banks, corporations, or labor organizations | U.S. Code | US Law | LII / Legal Information Institute
Section 30118. Contributions or expenditures by national banks, corporations, or labor organizations
52 U.S. Code § 30118 - Contributions or expenditures by national banks, corporations, or labor organizations
For purposes of this section and section 79l(h) of title 15,[1] the term “contribution or expenditure” includes a contribution or expenditure, as those terms are defined in section 30101 of this title, and also includes any direct or indirect payment, distribution, loan, advance, deposit, or gift of money, or any services, or anything of value (except a loan of money by a national or State bank made in accordance with the applicable banking laws and regulations and in the ordinary course of business) to any candidate, campaign committee, or political party or organization, in connection with any election to any of the offices referred to in this section or for any applicable electioneering communication, but shall not include (A) communications by a corporation to its stockholders and executive or administrative personnel and their families or by a labor organization to its members and their families on any subject; (B) nonpartisan registration and get-out-the-vote campaigns by a corporation aimed at its stockholders and executive or administrative personnel and their families, or by a labor organization aimed at its members and their families; and (C) the establishment, administration, and solicitation of contributions to a separate segregated fund to be utilized for political purposes by a corporation, labor organization, membership organization, cooperative, or corporation without capital stock.
(A) Except as provided in subparagraphs (B), (C), and (D), it shall be unlawful—
For purposes of this section, the term “applicable electioneering communication” means an electioneering communication (within the meaning of section 30104(f)(3) of this title) which is made by any entity described in subsection (a) of this section or by any other person using funds donated by an entity described in subsection (a) of this section.
Notwithstanding paragraph (1), the term “applicable electioneering communication” does not include a communication by a section 501(c)(4) organization or a political organization (as defined in section 527(e)(1) of title 26) made under section 30104(f)(2)(E) or (F) of this title if the communication is paid for exclusively by funds provided directly by individuals who are United States citizens or nationals or lawfully admitted for permanent residence (as defined in section 1101(a)(20) of title 8). For purposes of the preceding sentence, the term “provided directly by individuals” does not include funds the source of which is an entity described in subsection (a) of this section.
(4) Definitions and rulesFor purposes of this subsection—
(A) the term “section 501(c)(4) organization” means—
an organization described in section 501(c)(4) of title 26 and exempt from taxation under section 501(a) of such title; or
For purposes of subparagraph (A), the term “targeted communication” means an electioneering communication (as defined in section 30104(f)(3) of this title) that is distributed from a television or radio broadcast station or provider of cable or satellite television service and, in the case of a communication which refers to a candidate for an office other than President or Vice President, is targeted to the relevant electorate.
For purposes of this paragraph, a communication is “targeted to the relevant electorate” if it meets the requirements described in section 30104(f)(3)(C) of this title.
(Pub. L. 92–225, title III, § 316, formerly § 321, as added Pub. L. 94–283, title I, § 112(2), May 11, 1976, 90 Stat. 490; renumbered § 316 and amended Pub. L. 96–187, title I, §§ 105(5), 112(d), Jan. 8, 1980, 93 Stat. 1354, 1366; Pub. L. 107–155, title II, §§ 203, 204, 214(d), Mar. 27, 2002, 116 Stat. 91, 92, 95.)
Section 79l of title 15, referred to in subsec. (b)(2), was repealed by Pub. L. 109–58, title XII, § 1263, Aug. 8, 2005, 119 Stat. 974.
2002—Subsec. (b)(2). Pub. L. 107–155, §§ 203(a), 214(d), substituted “ ‘contribution or expenditure’ includes a contribution or expenditure, as those terms are defined in section 431 of this title, and also includes” for “ ‘contribution or expenditure’ shall include” and inserted “or for any applicable electioneering communication” before “, but shall not include (A)”.
Subsec. (c). Pub. L. 107–155, § 203(b), added subsec. (c).
Subsec. (c)(6). Pub. L. 107–155, § 204, added par. (6).
1980—Subsec. (b)(4)(B). Pub. L. 96–187, § 112(d), substituted “It” for “it”.