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:
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.