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SuperPAC Act

SuperPAC Act

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Published by Sunlight Foundation
The Stop Undisclosed Payments to Elections from Ruining Public Accountability in Campaigns Act will shine a light on secret money paid by corporations and unions to fund campaign ads
The Stop Undisclosed Payments to Elections from Ruining Public Accountability in Campaigns Act will shine a light on secret money paid by corporations and unions to fund campaign ads

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Published by: Sunlight Foundation on Jan 09, 2012
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01/09/2012

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1STOPUNDISCLOSEDPAYMENTSinELECTIONSfromRUININGPUBLICACCOUNTABILTYinCAMPAIGNSToestablishcomprehensivedisclosurerequirementswithrespecttospendinginfederalelections,creatingasystemofreal-time,onlinetransparency
TITLEI—SHORTTITLE.
ThisActmaybecitedasthe`StopUndisclosedPaymentsinElectionsfromRuiningPublicAccountabilityinCampaignsAct’or‘SuperPACAct.”
TITLEII—PROMOTINGDISCLOSUREOFINFLUENTIALMONEYINELECTIONS
SUMMARY:Definesindependentexpendituresandelectioneeringcommunicationstoensurecompletedisclosureofallcampaignexpendituresthatincludeexpressadvocacyorthefunctionalequivalentofexpressadvocacy.SuchchangeswouldpreventSuperPACsorother501(c)organizationsfromexploitingexistingloopholesthatenablethemtoengageinelectioneeringcommunicationswithnodisclosureofdonors. Anydonorwhomakesacontributionoveraspecifiedthresholdtoanorganizationthatmakesindependentexpendituresorelectioneeringcommunicationsmustbeidentifiedinthedisclosurereport.Separateaccountsmaybesetupfornon-electionrelatedspendingbytheorganizationanddonorstosuchaccountsmayremainanonymous.Anygroupthatmakescontributionsoveracertainthresholdtoanorganizationthatmakesindependentexpendituresorelectioneeringcommunicationsshouldbedeemedashavingmadeanindependentexpenditureorelectioneeringcommunication,andwillhavetodiscloseitsdonorsaswell.Thispreventshidingtruedonorsbylaunderingtheircontributionsthroughorganizationsthatarenotrequiredtodisclose.
SEC.201.INDEPENDENTEXPENDITURES.
(a)
 
RevisionofDefinition-Subparagraph(A)ofsection301(17)oftheFederalElectionCampaignActof1971(2U.S.C.431(17))isamendedtoreadasfollows:
`(A)that,whentakenasawhole,expresslyadvocatestheelectionordefeatofaclearlyidentifiedcandidate,oristhefunctionalequivalentofexpressadvocacybecauseitcanbeinterpretedbyareasonablepersononlyasadvocatingtheelectionordefeatofacandidate,takingintoaccountwhetherthecommunicationinvolvedmentionsacandidacy,apoliticalparty,orachallengertoacandidate,ortakesapositiononacandidate'scharacter,qualifications,orfitnessforoffice;and'.
SEC.202.ELECTIONEERINGCOMMUNICATIONS.
(a)PeriodDuringWhichCommunicationsTreatedasElectioneering
 
2Communications-(1)EXPANSIONOFPERIOD-Section304(f)(3)(A)(i)(II)oftheFederalElectionCampaignActof1971(2U.S.C.434(f)(3)(A)(i)(II))isamendedtoreadasfollows:`(II)ismadeduringtheperiodbeginningwiththedatethatis90daysbeforetheearliestoftheprimaryelection,preferenceelection,ornominatingconventionwithrespecttothenominationfortheofficethatthecandidateisseekingandendingwiththedateofthegeneralelectionforsuchoffice.'.(2)EFFECTIVEDATE;TRANSITIONFORCOMMUNICATIONSMADEPRIORTOENACTMENT-Theamendmentmadebyparagraph(1)shallapplywithrespecttocommunicationsmadeonorafterthedateoftheenactmentofthisAct,withoutregardtowhetherornottheFederalElectionCommissionhaspromulgatedregulationstocarryoutsuchamendments,exceptthatnocommunicationwhichismadepriortothedateoftheenactmentofthisActshallbetreatedasanelectioneeringcommunicationundersection304(f)(3)(A)(i)(II)oftheFederalElectionCampaignActof1971(asamendedbyparagraph(1))unlessthecommunicationwouldbetreatedasanelectioneeringcommunicationundersuchsectioniftheamendmentmadebyparagraph(1)didnotapply.(b)RequiringReportsToIncludeInformationonIntendedTargetofCommunications-Section304(f)(2)(D)ofsuchAct(2U.S.C.434(f)(2)(D))isamended--(1)bystriking`andthenames'andinserting`,thenames';and(2)byinserting`,and(ifapplicable)astatementregardingwhetherthecommunicationsareintendedtosupportoropposesuchcandidates'beforetheperiodattheend.
SEC.203.ADDITIONALINFORMATIONREQUIREDTOBEINCLUDEDINREPORTSONDISBURSEMENTSBYCOVEREDORGANIZATIONS.
(a)
 
IndependentExpenditureReports-Section304(g)oftheFederalElectionCampaignActof1971(2U.S.C.434(g))isamendedbyaddingattheendthefollowingnewparagraph:`(5)DISCLOSUREOFADDITIONALINFORMATIONBYCOVEREDORGANIZATIONSMAKINGPAYMENTSFORPUBLICINDEPENDENTEXPENDITURES-`(A)ADDITIONALINFORMATION-Ifacoveredorganizationmakesorcontractstomakepublicindependentexpendituresinanaggregateamountequaltoorexceeding$10,000inacalendaryear,
 
3thereportfiledbytheorganizationunderthissubsectionshallinclude,inadditiontotheinformationrequiredunderparagraph(3),thefollowinginformation:`(i)Ifanypersonmadeadonationorpaymenttothecoveredorganizationduringthecoveredorganizationreportingperiodwhichwasprovidedforthepurposeofbeingusedforcampaign-relatedactivityorinresponsetoasolicitationforfundstobeusedforcampaign-relatedactivity--`(I)subjecttosubparagraph(C),theidentificationofeachpersonwhomadesuchdonationsorpaymentsinanaggregateamountequaltoorexceeding$1,000duringsuchperiod,presentedintheorderoftheaggregateamountofdonationsorpaymentsmadebysuchpersonsduringsuchperiod(withtheidentificationofthepersonmakingthelargestdonationorpaymentappearingfirst);and`(II)ifanypersonidentifiedundersubclause(I)designatedthatthedonationorpaymentbeusedforcampaign-relatedactivitywithrespecttoaspecificelectionorinsupportofaspecificcandidate,thenameoftheelectionorcandidateinvolved,andifanysuchpersondesignatedthatthedonationorpaymentbeusedforaspecificpublicindependentexpenditure,adescriptionoftheexpenditure.
 
`(ii)Theidentificationofeachpersonwhomadeunrestricteddonorpaymentstotheorganizationduringthecoveredorganizationreportingperiod—`(I)inanaggregateamountequaltoorexceeding$1,000duringsuchperiod,ifanyofthedisbursementsmadebytheorganizationforanyofthepublicindependentexpenditureswhicharecoveredbythereportwerenotmadefromtheorganization'sCampaign-RelatedActivityAccountundersection326;or`(II)inanaggregateamountequaltoorexceeding$10,000duringsuchperiod,ifthedisbursementsmadebytheorganizationforallofthepublicindependentexpenditureswhicharecoveredbythereportweremadeexclusivelyfromtheorganization'sCampaign-Related

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