summary
Introduced
03/09/2017
03/09/2017
In Committee
03/09/2017
03/09/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Real Time Transparency Act This bill amends the Federal Election Campaign Act of 1971 to revise the notification requirement for campaign contributions of $1,000 or more. The bill applies this requirement to any political committee, not just a candidate's principal campaign committee, regarding cumulative contributions (instead of single contributions) of $1,000 or more during a calendar year. Only the Federal Election Commission (FEC) must be notified, instead of the FEC and others. Any amount transferred by a joint fundraising committee established by a candidate's authorized committee to any other authorized committee of that candidate shall be treated as a contribution. Senate candidates must file designations, statements, and reports directly with the FEC instead of via the Senate.
AI Summary
This bill, the Real Time Transparency Act, amends the Federal Election Campaign Act of 1971 to require all political committees to notify the Federal Election Commission (FEC) within 48 hours of receiving cumulative contributions of $1,000 or more from any contributor during a calendar year. It also specifies that any amount transferred by a joint fundraising committee to another authorized committee of the same candidate must be treated as a contribution. Additionally, the bill requires Senate candidates to file designations, statements, and reports directly with the FEC instead of through the Senate.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Read twice and referred to the Committee on Rules and Administration. (on 03/09/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/senate-bill/589/all-info |
| BillText | https://www.congress.gov/115/bills/s589/BILLS-115s589is.pdf |
| Bill | https://www.congress.gov/115/bills/s589/BILLS-115s589is.pdf.pdf |
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