,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #acch  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ba1 #bjac ,mr4  
,d+ell 7= himself1 ,mr4 ,cony]s1 ,mrs4  
,c>olyn ,b4 ,maloney ( ,new ,york1 ,ms4 
,de,gette1 ,ms4 ,slaught]1 ,mr4         
,ellison1 ,mr4 ,himes1 ,ms4 ,edw>ds1    
,ms4 ,de,lauro1 ,mr4 ,polis1 & ,ms4     
,norton7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,h\se         
,adm9i/ration  ,a ,,bill  ,to am5d !    
,f$]al ,election ,campaign ,act ( #aiga 
to reass]t ! au?ority ( ,congress to    
re/rict sp5d+ by corporations & labor   
organizations on campaigns = elections =
 ,f$]al (fice1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,re/or+ ,confid5ce 9 ,our ,democracy    
,act4  #b4 ,f9d+s ,congress f9ds !      
foll[+3  7#a7 ,free & op5 elections are 
a f\nd+ pr9ciple ( our republican =m (  
gov]nm5t4  7#b7 ,x is incumb5t ^u       
,congress to ensure t elections 9 !     
,unit$ ,/ates are free ( corruption & ! 
appe>ance ( corruption4  7#c7 ,! free   

fl[ ( money 9 politics1 z exemplifi$ by 
! curr5t /ate ( affairs1 is corrupt+ & w
 di/ort & disfigure our democracy4  7#d7
 ,excessively high levels ( sp5d+ on    
elections is fundam5tally damag+ to !   
public p]ception ( our gov]nm5t1 &      
?reat5s ! fairness & integrity ( our    
democracy4  7#e7 ,congress has a        
con/itutional duty to gu>antee a        
republican =m ( gov]nm5t = ! ,/ates4    
7#f7 ,sp5d+ record sums ( money on our  
elections ?reat5s ! cont9u$ exi/5ce (   
our republican =m ( gov]nm5t4  7#g7     
,all[+ unlimit$ sp5d+ on elections means
 ! weal?y c cr[d out o!r important      
voices 9 our political debates1 !reby   
giv+ ,am]ican citiz5s few] s\rces (     
in=mation4  7#h7 ,f$]ali/ #eb /ates t   
,congress ought to be dep5d5t on ! p    
alone4  7#i7 ,unlimit$ sp5d+ 9 our      
elections violates ?is pr9ciple &       
corrupts our gov]nm5t by mak+ elect$    
(ficials m dep5d5t on donors ?an ! p4   
7#aj7 ,?is dep5d5cy corruption gives !  
weal?y a great] say 9 our democracy ?an 

! av]age citiz51 :i* is contr>y to !    
int5t ( ! ,f\nd+ ,fa!rs4  7#aa7         
,congress has ! inh]5t p[] to ensure t  
elections = ! gov]nm5t are conduct$ 9 a 
fair1 honorable1 & prop] way to pres]ve 
our democracy & ensure ! p h confid5ce 9
 our elections & sy/em ( gov]nm5t4      
7#ab7 ,congress has ! au?ority to       
regulate campaign exp5ditures to promote
 integrity1 prev5t corruption1 & ensure 
! public has tru/ 9 our election sy/em1 
go+ back to ! ,tillman ,act ( #aijg1 :i*
 prohibits corporations f mak+ direct   
contributions to political campaigns4   
7#ac7 ,9 #aidg1 ,congress pass$ !       
,taft-,h>tley ,act1 :i* fir/ prohibit$  
corporations & labor unions f mak+      
indep5d5t exp5ditures 9 support or      
opposition to c&idates = ,f$]al (fice4  
7#ad7 ,! ,wat]gate sc&al1 & ! outrage\s 
exp5diture ( campaign funds 9 t sc&al1  
did great damage to public confid5ce 9  
gov]nm5t & dem&$ a legislative response 
to re/ore ?is confid5ce4  7#ae7         
,congress rewrote ! ,f$]al ,elections   

,campaign ,act 7,,feca7 9 #aigd z a     
response to ,wat]gate & public calls =  
increas$ regulation ( our campaign      
sy/em4 ,?is law e/abli%$ ! ,f$]al       
,elections ,commission 7,,fec7 &        
in/itut$ limits on campaign             
contributions :i* rema9 law to ?is day4 
7#af7 ,9 #aigf1 ! ,supreme ,c\rt issu$ a
 decision 9 ! case ( ,buckley v4 ,valeo 
:i* fir/ e/abli%$ ! pr9ciple t money    
equals spee*1 9 addition to ov]turn+    
,,feca limitations on indep5d5t         
exp5ditures4  7#ag7 ,! ,buckley decision
 also /at$ t ,! con/itutional p[] (     
,congress to regulate ,f$]al elections  
is well e/abli%$ & is n que/ion$ by any 
( ! p>ties 9 ?is case4  7#ah7 ,equat+   
money ) spee* c result 9 ! weal?y hav+  
an undue influ5ce on our elections at ! 
exp5se ( ! great majority ( ! ,am]ican  
p4  7#ai7 ,9 #aiij1 ! ,supreme ,c\rt    
issu$ a decision 9 ! case ( ,au/9 v4    
,mi*igan ,*amb] ( ,comm]ce :i* upheld a 
,mi*igan law bann+ corporations f mak+  
indep5d5t exp5ditures 9 elections4      

7#bj7 ,9 ,au/91 ! ,c\rt f\nd t          
,corporate weal? c unfairly influ5ce    
elections :5 x is deploy$ 9 ! =m (      
indep5d5t exp5ditures4  7#ba7 ,au/9 also
 e/abli%$ t ! gov]nm5t has an           
anti-di/ortion int]e/ 9 regulat+        
political spee*4 ,! ,c\rt held t !re is 
a compell+ gov]nm5t int]e/ 9 prev5t+ !  
corrosive & di/ort+ effects ( imm5se    
aggregations ( weal? t are accumulat$ ) 
! help ( ! corporate =m & t h little or 
no correlation to ! public's support = !
 corporation's political ideas4  7#bb7  
,9 #bjjb1 ,congress enact$ ! ,bip>tisan 
,campaign ,re=m ,act1 :i* among o!r ?+s 
bann$ political p>ties f rais+ s-call$  
s(t money4  7#bc7 ,sp5d+ 9 presid5tial  
elections has ris5 to excessive levels  
ov] ! la/ decade1 :i* ?reat5s n only our
 gov]nm5t1 b ! integrity ( our          
elections4  7#bd7 ,9 ! #bjjj presid5tial
 election1 bo? ( ! major p>ty c&idates  
sp5t #cdc4a million comb9$4 ,?is numb]  
climb$ to #gag4i million 9 ! #bjjd      
presid5tial election4  7#be7 ,9 ! #bjjh 

presid5tial election1 ,b>ack ,obama's   
campaign sp5t #gdj4f million1 m ?an bo? 
major p>ty c&idates comb9$ 9 ! previ\s  
election4  7#bf7 ,foll[+ ! ,supreme     
,c\rt's decision 9 ! case ( ,citiz5s    
,unit$ v4 ,,fec1 !re 0 a massive        
increase 9 outside political sp5d+1 :i* 
?reat5s to und]m9e ! legitimacy ( our   
political sy/em4  7#bg7 ,! ,,fec        
e/imates t #g billion 0 sp5t on ! #bjab 
elections4  7#bh7 ,accord+ to ! ,wall   
,/reet ,j\rnal1 s-call$ ,sup] ,p,a,cs   
sp5t #efg1dih1fbh on ! #bjab elections4 
7#bi7 ,sup] ,p,a,cs sp5t #ih million    
dur+ ! week ( ,octob] #bi1 #bjab1 alone4
  7#cj7 ,donations to ,sup] ,p,a,cs are 
dom9at$ by ! weal?y4 ,9 #bjab1 #eh4i    
p]c5t ( donations to ,sup] ,p,a,cs 7 #a 
million or high]1 & came f only #aei    
donors4  7#ca7 ,sup] ,p,a,cs (t5 accept 
funds f nonpr(its :i* are all[$ to      
conceal ! s\rce ( _! donations1 !reby   
avoid+ transp>5cy & great] public       
scrut9y ( _! actions & motivations4     
7#cb7 ,?irty-"o p]c5t ( outside sp5d+ 9 

! #bjab elections 0 n able to be trac$  
to its orig9al s\rces1 :i* decreases    
acc\ntability & transp>5cy1 ?reat5s     
public confid5ce 9 our elect$ (ficials &
 our elections1 & has a di/ort+ effect  
on our elections4  7#cc7 ,corporations1 
n[ fre$ to sp5d z mu* z !y l to influ5ce
 elections1 acc\nt$ = #ab p]c5t (       
contributions to ,sup] ,,pacs 9 #bjab1  
!reby help+ to give corporate int]e/s a 
great] voice 9 our political sy/em ?an !
 av]age ,am]icans4  7#cd7 ,a ,janu>y    
#bjab poll by ,rasmuss5 says t #eh p]c5t
 ( ,am]icans believe ! ,unit$ ,/ates    
ne$s new campaign f9ance laws4  7#ce7 ,a
 ,janu>y #bjab poll by ,democracy ,corps
 f\nd t #ee p]c5t ( ,am]icans oppose !  
,citiz5s ,unit$ decision4 ,eighty p]c5t 
( vot]s also believe !re %\ld be limits 
on ! money sp5t 9 campaigns4  7#cf7 ,an 
,octob] #bjab poll by ,bannon           
,communications ,rese>* f\nd t #eb p]c5t
 ( ,am]icans are 9 favor ( bann+        
corporate political sp5d+1 #hi p]c5t (  
,am]icans believe !re is too mu* money 9

 politics1 & #ff p]c5t believe t money  
is ! root ( all evil 9 politics4  7#cg7 
,aft] consid]+ ^! f9d+s1 ,congress is   
conc]n$ by ! unfairness ( unlimit$ sp5d+
 9 elections & is tak+ ?is action to    
protect our democracy & our electoral   
sy/em4  7#ch7 ,re9/itut+ ! ban on       
corporate political exp5ditures & plac+ 
a limit on ! am\nt ( donations to ,sup] 
,p,a,cs w help re/ore fai? & tru/ 9 our 
democracy & w respond to calls by !     
,am]ican p = vigor\s campaign f9ance    
re=m & effective laws to protect our    
free democratic sy/em ( elections4  #c4 
,prohibition ( corporate & labor        
disbursem5ts = electione]+              
communications  7a7 ,prohibition  7#a7  
,9 g5]al ,section #caf7;b77#b7 ( !      
,f$]al ,election ,campaign ,act ( #aiga 
7#b ,u4,s4,c4 #dda;b7b77#b77 is am5d$ by
 ins]t+ or = any applicable electione]+ 
communication be=e 1 b %all n include4  
7#b7 ,applicable electione]+            
communication ,section #caf ( su* ,act  
7#b ,u4,s4,c4 #dda;b7 is am5d$ by add+  

at ! end ! foll[+3  7c7 ,rules relat+ to
 electione]+ communications  7#a7       
,applicable electione]+ communication ,=
 purposes ( ?is section1 ! t]m          
applicable electione]+ communication    
means an electione]+ communication 7)9 !
 mean+ ( section #cjd7;f77#c77 :i* is   
made by any entity describ$ 9 subsection
 7a7 ( ?is section or by any o!r p]son  
us+ funds donat$ by an entity describ$ 9
 subsection 7a7 ( ?is section4  7#b7    
,exception ,not)/&+ p>agraph 7#a71 ! t]m
 applicable electione]+ communication   
does n include a communication by a     
section #eja7;c77#d7 organization or a  
political organization 7z def9$ 9       
section #ebg7;e77#a7 ( ! ,int]nal       
,rev5ue ,code ( #aihf7 made "u section  
#cjd7;f77#b77;,e7 or 7,f7 ( ?is ,act if 
! communication is paid = exclusively by
 funds provid$ directly by individuals  
:o are ,unit$ ,/ates citiz5s or         
nationals or lawfully admitt$ = p]man5t 
resid5ce 7z def9$ 9 section             
#aja7;a77#bj7 ( ! ,immigration &        

,nationality ,act 7#h ,u4,s4,c4         
#aaja7;a77#bj7774 ,= purposes ( ! prec$+
 s5t5ce1 ! t]m provid$ directly by      
individuals does n include funds ! s\rce
 ( :i* is an entity describ$ 9          
subsection 7a7 ( ?is section4  7#c7     
,special op]at+ rules  7,a7 ,def9ition  
"u p>agraph 7#a7 ,an electione]+        
communication %all be treat$ z made by  
an entity describ$ 9 subsection 7a7 if  
an entity describ$ 9 subsection 7a7     
directly or indirectly disburses any    
am\nt = any ( ! co/s ( ! communication4 
7,b7 ,exception "u p>agraph 7#b7 ,a     
section #eja7;c77#d7 organization t     
d]ives am\nts f bus9ess activities or   
receives funds f any entity describ$ 9  
subsection 7a7 %all be consid]$ to h    
paid = any communication out ( su*      
am\nts unless su* organization paid = ! 
communication out ( a segregat$ acc\nt  
to :i* only individuals c contribute1 z 
describ$ 9 section #cjd7;f77#b77;,e74   
7#d7 ,def9itions & rules ,= purposes (  
?is subsection--  7,a7 ! t]m section    

#eja7;c77#d7 organization means--  7i7  
an organization describ$ 9 section      
#eja7;c77#d7 ( ! ,int]nal ,rev5ue ,code 
( #aihf & exempt f taxation "u section  
#eja7;a7 ( su* ,code2 or  7ii7 an       
organization :i* has submitt$ an        
application to ! ,int]nal ,rev5ue       
,s]vice = det]m9ation ( its /atus z an  
organization describ$ 9 clause 7i72 &   
7,b7 a p]son %all be treat$ z hav+ made 
a disbursem5t if ! p]son has execut$ a  
contract to make ! disbursem5t4  7#e7   
,coord9ation ) int]nal rev5ue code ,no?+
 9 ?is subsection %all be con/ru$ to    
au?orize an organization exempt f       
taxation "u section #eja7;a7 ( !        
,int]nal ,rev5ue ,code ( #aihf to c>ry  
out any activity :i* is prohibit$ "u su*
 ,code4  7#f7 ,special rules = t>get$   
communications  7,a7 ,exception does n  
apply ,p>agraph 7#b7 %all n apply 9 !   
case ( a t>get$ communication t is made 
by an organization describ$ 9 su*       
p>agraph4  7,b7 ,t>get$ communication ,=
 purposes ( subp>agraph 7,a71 ! t]m     

t>get$ communication means an           
electione]+ communication 7z def9$ 9    
section #cjd7;f77#c77 t is di/ribut$ f a
 television or radio broadca/ /ation or 
provid] ( cable or satellite television 
s]vice &1 9 ! case ( a communication :i*
 ref]s to a c&idate = an (fice o!r ?an  
,presid5t or ,vice ,presid5t1 is t>get$ 
to ! relevant electorate4  7,c7         
,def9ition ,= purposes ( ?is p>agraph1 a
 communication is t>get$ to ! relevant  
electorate if x meets ! requirem5ts     
describ$ 9 section #cjd7;f77,c74  4     
7#c7 ,effective date ,! am5dm5ts made by
 ?is subsection %all take effect        
imm$iately aft] ! enactm5t ( subsection 
7b74  7b7 ,con=m+ am5dm5t ,sections #bjc
 & #bjd ( ! ,bip>tisan ,campaign ,re=m  
,act ( #bjjb 7,public ,law #ajg-aee7 are
 repeal$1 & ea* provision ( law am5d$ by
 su* sections is re/or$ z if su*        
sections _h n be5 enact$ into law4  #d4 
,prohibition ( indep5d5t exp5ditures by 
corporations & labor organizations      
,section #caf7;b77#b7 ( ! ,f$]al        

,election ,campaign ,act ( #aiga 7#b    
,u4,s4,c4 #dda;b7b77#b77 is am5d$ by    
/rik+ includes a contribution or        
exp5diture1 & ins]t+ includes a         
contribution or exp5diture 7includ+ an  
indep5d5t exp5diture714  #e4            
,application ( contribution limits &    
s\rce prohibitions to contributions made
 to sup] pacs  7a7 ,application ( limits
 ,section #cae7;a7 ( ! ,f$]al ,election 
,campaign ,act ( #aiga 7#b ,u4,s4,c4    
#dda;a7a77 is am5d$ by add+ at ! end !  
foll[+ new p>agraph3  7#i7 ,= purposes (
 ! limitations impos$ by p>agraphs      
7#a77;,c71 7#b77;,c71 & 7#c77;,b7 on !  
am\nt ( contributions :i* may be made by
 any p]son to a political committee1 a  
contribution made to a political        
committee :i* accepts donations or      
contributions t d n comply ) !          
contribution or s\rce prohibitions "u   
?is ,act 7or made to any acc\nt ( a     
political committee :i* is e/abli%$ = ! 
purpose ( accept+ su* donations or      
contributions7 %all be treat$ 9 ! same  

mann] z a contribution made to any o!r  
political committee to :i* su* p>agraphs
 apply4  4  7b7 ,effective date ,!      
am5dm5t made by subsection 7a7 %all     
apply ) respect to contributions made on
 or aft] ! date ( ! enactm5t ( ?is ,act4
  #f4 ,sev]ability ,if any provision (  
?is ,act or am5dm5t made by ?is ,act1 or
 ! application ( a provision or am5dm5t 
to any p]son or circum/ance1 is held to 
be uncon/itutional1 ! rema9d] ( ?is ,act
 & am5dm5ts made by ?is ,act1 & !       
application ( ! provisions & am5dm5t to 
any p]son or circum/ance1 %all n be     
affect$ by ! hold+4