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SECTION 1. SHORT TITLE.

This Act may be cited as the ''Campaign Reporting and Disclosure
Act of 1998''.

SEC. 2. EXPEDITING REPORTING OF INFORMATION.

(a) Requiring Reports for Contributions and Expenditures Made
Within 90 Days of Election to be Filed Within 24 Hours and Posted on
Internet.--
(1) In general.--Section 304(a)(6) of the Federal Election
Campaign Act of 1971 (2 U.S.C. 434(a)(6)) is amended to read as
follows:
''(6)(A) Each political committee shall notify the Secretary or the
Commission, and the Secretary of State, as appropriate, in writing, of
any contribution received and expenditure made by the committee during
the period which begins on the 90th day before an election and ends at
the time the polls close for such election. This notification shall be
made within 24 hours (or, if earlier, by midnight of the day on which
the contribution is deposited) after the receipt of such contribution
or the making of such expenditure and shall include the name of the
candidate involved (as appropriate) and the office sought by the
candidate, the identification of the contributor or the person to whom
the expenditure is made, and the date of receipt and amount of the
contribution or the date of disbursement and amount of the expenditure.
''(B) The notification required under this paragraph shall be in
addition to all other reporting requirements under this Act.
''(C) The Commission shall make the information filed under this
paragraph available on the Internet immediately upon receipt.''.
(2) Internet defined.--Section 301(19) of such Act (2
U.S.C. 431(19)) is amended to read as follows:
''(19) The term 'Internet' means the international computer network
of both Federal and non-Federal interoperable packet-switched data
networks.''.
(b) Requiring Reports of Certain Filers to be Transmitted
Electronically; Certification of Private Sector Software.--Section
304(a)(11)(A) of such Act (2 U.S.C. 434(a)(11)(A)) is amended by
striking the period at the end and inserting the following: '', except
that in the case of a report submitted by a person who reports an
aggregate amount of contributions or expenditures (as the case may be)
in all reports filed with respect to the election involved (taking into
account the period covered by the report) in an amount equal to or
greater than $50,000, the Commission shall require the report to be
filed and preserved by such means, format, or method. The Commission
shall certify (on an ongoing basis) private sector computer software
which may be used for filing reports by such means, format, or
method.''.
(c) Change in Certain Reporting From a Calendar Year Basis to an
Election Cycle Basis.--Section 304(b) of such Act (2 U.S.C. 434(b)) is
amended by inserting ''(or election cycle, in the case of an authorized
committee of a candidate for Federal office)'' after ''calendar year''
each place it appears in paragraphs (2), (3), (4), (6), and (7).

SEC. 3. EXPANSION OF TYPE OF INFORMATION REPORTED.

(a) Requiring Record Keeping and Report of Secondary Payments by
Campaign Committees.--
(1) Reporting.--Section 304(b)(5)(A) of the Federal
Election Campaign Act of 1971 (2 U.S.C. 434(b)(5)(A)) is
amended by striking the semicolon at the end and inserting the
following: '', and, if such person in turn makes expenditures
which aggregate $500 or more in an election cycle to other
persons (not including employees) who provide goods or services
to the candidate or the candidate's authorized committees, the
name and address of such other persons, together with the date,
amount, and purpose of such expenditures;''.
(2) Record keeping.--Section 302 of such Act (2 U.S.C. 432)
is amended by adding at the end the following new subsection:
''(j) A person described in section 304(b)(5)(A) who makes
expenditures which aggregate $500 or more in an election cycle to other
persons (not including employees) who provide goods or services to a
candidate or a candidate's authorized committees shall provide to a
political committee the information necessary to enable the committee
to report the information described in such section.''.
(3) No effect on other reports.--Nothing in the amendments
made by this subsection may be construed to affect the terms of
any other recordkeeping or reporting requirements applicable to
candidates or political committees under title III of the
Federal Election Campaign Act of 1971.
(b) Including Report on Cumulative Contributions and Expenditures
in Post Election Reports.--Section 304(a)(7) of such Act (2 U.S.C.
434(a)(7)) is amended--
(1) by striking ''(7)'' and inserting ''(7)(A)''; and
(2) by adding at the end the following new subparagraph:
''(B) In the case of any report required to be filed by this
subsection which is the first report required to be filed after the
date of an election, the report shall include a statement of the total
contributions received and expenditures made as of the date of the
election.''.
(c) Including Information on Aggregate Contributions in Report on
Itemized Contributions.--Section 304(b)(3) of such Act (2 U.S.C.
434(b)(3)) is amended--
(1) in subparagraph (A), by inserting after ''such
contribution'' the following: ''and the total amount of all
such contributions made by such person with respect to the
election involved''; and
(2) in subparagraph (B), by inserting after ''such
contribution'' the following: ''and the total amount of all
such contributions made by such committee with respect to the
election involved''.

SEC. 4. PROMOTING EFFECTIVE ENFORCEMENT BY FEDERAL ELECTION COMMISSION.

(a) Requiring FEC to Provide Written Responses to Questions.--
(1) In general.--Title III of the Federal Election Campaign
Act of 1971 (2 U.S.C. 431 et seq.) is amended by inserting
after section 308 the following new section:

''other written responses to questions

''Sec. 308A. (a) Permitting Responses.--In addition to issuing
advisory opinions under section 308, the Commission shall issue written
responses pursuant to this section with respect to a written request
concerning the application of this Act, chapter 95 or chapter 96 of the
Internal Revenue Code of 1986, a rule or regulation prescribed by the
Commission, or an advisory opinion issued by the Commission under
section 308, with respect to a specific transaction or activity by the
person, if the Commission finds the application of the Act, chapter,
rule, regulation, or advisory opinion to the transaction or activity to
be clear and unambiguous.
''(b) Procedure for Response.--
''(1) Analysis by staff.--The staff of the Commission shall
analyze each request submitted under this section. If the staff
believes that the standard described in subsection (a) is met
with respect to the request, the staff shall circulate a
statement to that effect together with a draft response to the
request to the members of the Commission.
''(2) Issuance of response.--Upon the expiration of the 3-
day period beginning on the date the statement and draft
response is circulated (excluding weekends or holidays), the
Commission shall issue the response, unless during such period
any member of the Commission objects to issuing the response.
''(c) Effect of Response.--
''(1) Safe harbor.--Notwithstanding any other provisions of
law, any person who relies upon any provision or finding of a
written response issued under this section and who acts in good
faith in accordance with the provisions and findings of such
response shall not, as a result of any such act, be subject to
any sanction provided by this Act or by chapter 95 or chapter
96 of the Internal Revenue Code of 1986.
''(2) No reliance by other parties.--Any written response
issued by the Commission under this section may only be relied
upon by the person involved in the specific transaction or
activity with respect to which such response is issued, and may
not be applied by the Commission with respect to any other
person or used by the Commission for enforcement or regulatory
purposes.
''(d) Publication of Requests and Responses.--The Commission shall
make public any request for a written response made, and the responses
issued, under this section. In carrying out this subsection, the
Commission may not make public the identity of any person submitting a
request for a written response unless the person specifically
authorizes to Commission to do so.
''(e) Compilation of Index.--The Commission shall compile, publish,
and regularly update a complete and detailed index of the responses
issued under this section through which responses may be found on the
basis of the subjects included in the responses.''.
(2) Conforming amendment.--Section 307(a)(7) of such Act (2
U.S.C. 437d(a)(7)) is amended by striking ''of this Act'' and
inserting ''and other written responses under section 308A''.
(b) Standard for Initiation of Actions by FEC.--Section 309(a)(2)
of such Act (2 U.S.C. 437g(a)(2)) is amended by striking ''it has
reason to believe'' and all that follows through ''of 1954,'' and
inserting the following: ''it has a reason to investigate a possible
violation of this Act or of chapter 95 or chapter 96 of the Internal
Revenue Code of 1986 that has occurred or is about to occur (based on
the same criteria applicable under this paragraph prior to the
enactment of the Campaign Reform and Election Integrity Act of
1998),''.
(c) Standard Form for Complaints; Stronger Disclaimer Language.--
(1) Standard form.--Section 309(a)(1) of such Act (2 U.S.C.
437g(a)(1)) is amended by inserting after ''shall be
notarized,'' the following: ''shall be in a standard form
prescribed by the Commission, shall not include (but may refer
to) extraneous materials,''.
(2) Disclaimer language.--Section 309(a)(1) of such Act (2
U.S.C. 437g(a)(1)) is amended--
(A) by striking ''(a)(1)'' and inserting
''(a)(1)(A)''; and
(B) by adding at the end the following new
subparagraph:
''(B) The written notice of a complaint provided by the Commission
under subparagraph (A) to a person alleged to have committed a
violation referred to in the complaint shall include a cover letter (in
a form prescribed by the Commission) and the following statement: 'The
enclosed complaint has been filed against you with the Federal Election
Commission. The Commission has not verified or given official sanction
to the complaint. The Commission will make no decision to pursue the
complaint for a period of at least 15 days from your receipt of this
complaint. You may, if you wish, submit a written statement to the
Commission explaining why the Commission should take no action against
you based on this complaint. If the Commission should decide to
investigate, you will be notified and be given further opportunity to
respond.'''.

SEC. 5. BANNING ACCEPTANCE OF CASH CONTRIBUTIONS GREATER THAN $100.

Section 315 of the Federal Election Campaign Act of 1971 (2 U.S.C.
441a) is amended by adding at the end the following new subsection:
''(i) No candidate or political committee may accept any
contributions of currency of the United States or currency of any
foreign country from any person which, in the aggregate, exceed
$100.''.

SEC. 6. EFFECTIVE DATE.

Except as otherwise specifically provided, this Act and the
amendments made by this Act shall apply with respect to elections
occurring after January 1999.

Passed the House of Representatives March 30, 1998.

Attest:

ROBIN H. CARLE,

Clerk.
Campaign Reporting and Disclosure Act of 1998 - Amends the Federal Election Campaign Act of 1971 (FECA) to require each political committee to notify the Federal Election Commission or the Secretary of the Senate, and the Secretary of State, as appropriate, in writing, of any contribution received and expenditure made by the committee within 90 days of an election. Requires the notification to be made within 24 hours after the receipt of such contribution or the making of such expenditure and to include the name of the candidate involved, the office sought by the candidate, the identification of the contributor or the person to whom the expenditure is made, and the date of receipt and the amount of the contribution or the date of disbursement and the amount of the expenditure. Requires the Commission to make such filed information available on the Internet immediately upon receipt.
Revises FECA reporting requirements to: (1) require reports submitted by persons who report contributions or expenditures in all reports filed in the election involved (taking into account the period covered by the report) in an amount equal to or greater than $50,000 to be filed electronically; and (2) change certain reporting from a calendar year basis to an election cycle basis. Requires that a political committee report expenditures made for personal and consulting services by certain individuals other than employees and prescribes that such individuals maintain records of such services and report the information to the political committee.
Provides for the first report required to be filed after an election by political committees to include a statement of the total contributions received and expenditures made as of the date of the election.
Requires FECA reports on itemized contributions made by persons or political committees to include information on the total amount of all such contributions made by such person or committee in the election involved.
Requires the Commission, in addition to issuing advisory opinions with respect to a specific transaction or activity by a person, to provide written responses to questions concerning the application of FECA, the Presidential Election Campaign Fund Act, the Presidential Primary Matching Payment Account Act, a rule or regulation, or an advisory opinion of the Commission with respect to the transaction or activity by the person if the Commission finds the application of the Act, chapter, rule, regulation, or advisory opinion to the transaction or activity to be clear and unambiguous. Sets forth a "safe harbor" rule.
Directs the Commission to: (1) make public any request for a written response made, and the responses issued, but may not make public the identity of any person submitting a request for a written response unless the person specifically authorizes the Commission to do so; and (2) compile, publish, and regularly update a complete and detailed index of the responses issued.
Prohibits acceptance by candidates and political committees of U.S. and foreign cash contributions greater than $100.