This bill amends various provisions related to elections, including by:
expanding the ban on election contributions by foreign nationals to include corporations subject to specified levels of ownership or control by foreign nationals or governments;
expanding and otherwise revising various disclosure and reporting requirements related to campaign communications;
imposing penalties for willfully violating limits related to campaign contributions for coordinated expenditures;
revising notification requirements for campaign contributions of $1,000 or more from any contributor during a calendar year;
replacing the Federal Election Commission with the Federal Election Administration, which shall enforce specified election-related laws and formulate related policies;
imposing restrictions on covered financial-services regulators, such as by prohibiting them from using their position to influence any matter that provides a direct and substantial pecuniary benefit to certain former employers or clients;
requiring the President and Vice President to disclose financial interests, including tax returns, to Congress and the Office of Government Ethics;
modifying the system for the public financing of presidential elections, including by providing for 600% matching funds for smaller campaign contributions and requiring a candidate who accepts public financing to agree not to accept certain bundled contributions;
requiring each state to conduct redistricting through a plan developed by an independent commission or, if such a commission plan is not enacted, a plan developed and enacted by the U.S. District Court for the District of Columbia; and
directing states to permit same-day voter registration.
Actions
Sep 27, 2017
Read twice and referred to the Committee on Finance.