Congress 107 - HR 1039 - Open and Accountable Campaign Financing Act of 2001

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Topics

Armed Forces and National Security Army posts Business and politics Campaign contributors Campaign funds Commerce Computers in politics Congress Congressional candidates Congressional elections Constitutional law Consultants Contractors Corporations Economics and Public Finance Electronic data interchange Electronic government information Federal employees Federal installations Federal office buildings Fines (Penalties) Fund raising Gifts Government employees' political activities Government Operations and Politics Government paperwork Government publicity Indexing (Economic policy) Injunctions Internet Judicial review Labor and Employment Labor union membership Law Naval bases Political action committees Political advertising Political parties Presidential candidates Presidential elections Radio in politics Science, Technology, Communications Soft money Supervisors Supreme Court Supreme Court jurisdiction Telecommunication rates Television in politics Trade associations

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Summary

Open and Accountable Campaign Financing Act of 2001 - Amends the Federal Election Campaign Act of 1971 (FECA) to revise reporting requirements, including: (1) changing from quarterly to monthly the additional reports required to be filed with regard to the principal campaign committee of a candidate for the House of Representatives or the Senate in any calendar year during which there is a regularly scheduled election for which such candidate is seeking nomination or election; (2) requiring a national committee of a political party to file the same monthly reports designated for all political committees other than authorized committees of a candidate; (3) requiring the national committee of a political party, any national congressional campaign committee of a political party, and any subordinate committee of either, to report all receipts and disbursements during the appropriate reporting period; and (4) directing the Federal Election Commission (FEC) to make report information available on the Internet and at FEC offices.

Amends the Communications Act of 1934 to require a licensee to maintain and make available for public inspection a complete record of certain requests to purchase broadcast time that are related to legally qualified candidates.

Amends FECA to: (1) limit to $90,000 aggregate (indexed for inflation) per calendar year per contributor the amount of soft money a national committee of a political party, a congressional campaign committee of a national party, or an entity directly or indirectly established, financed, maintained, or controlled by such committee may accept; (2) prohibit any person from making an aggregate amount of disbursements to such committees or entities (other than transfers from other committees of political parties or contributions) in excess of $90,000 (indexed for inflation) in any calendar year; (3) increase individual, political committee, and multicandidate political committee contribution limits; (4) revise indexing provisions; and (5) increase Senate candidate contribution limits for national party committees and senatorial campaign committees.

Amends the Federal criminal code to prohibit solicitation of soft money in any room or building occupied in the discharge of official duties by an officer or employee of the United States or any department or agency thereof, or by a person receiving any salary or compensation for service from the Treasury.

Amends FECA to: (1) provide for indexing of penalty amounts; (2) permit corporate members of trade associations to approve the soliciting of contributions by more than one such trade association in any calendar year; and (3) require the filing of all Senate FECA reports to be with the FEC.

Actions

Apr 2, 2001

Referred to the Subcommittee on Telecommunications and the Internet, for a period to be subsequently determined by the Chairman.
Mar 15, 2001

Referred to the Committee on House Administration, and in addition to the Committees on the Judiciary, and Energy and Commerce, 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.
Mar 15, 2001

Introduced in House

Amendments

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