,,ii  #aae? ,,congress  #b;d ,session   
,s4 #biff  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #bd1 #bjah ,mr4   
,:iteh\se 7= himself1 ,mr4 ,durb91 &    
,mr4 ,blum5?al7 introduc$ ! foll[+ bill2
 :i* 0 read twice & ref]r$ to !         
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,f$]al ,election ,campaign ,act (
 #aiga to require donor disclosure =    
c]ta9 organizations accept+ donations f 
=eign nationals1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,/op ,secret ,=eign ,int]f]5ce 9        
,elections ,act4  #b4 ,donor disclosure 
= c]ta9 organizations accept+ donations 
f =eign nationals  7a7 ,9 g5]al ,section
 #cbd ( ! ,f$]al ,election ,campaign    
,act ( #aiga 7#eb ,u4,s4,c4 #cjabf7 is  
am5d$ to read z foll[s3  #cbd4 ,donor   
disclosure = c]ta9 organizations accept+
 donations f =eign nationals  7a7       
,def9itions ,9 ?is section3 7#a7        
,campaign-relat$ disbursem5t  7,a7 ,9   
g5]al ,! t]m campaign-relat$ disbursem5t
 means a disbursem5t by a cov]$ #eja7;c7

 organization = any ( ! foll[+3  7i7 ,an
 indep5d5t exp5diture consi/+ ( a public
 communication4  7ii7 ,an electione]+   
communication1 z def9$ 9 section        
#cjd7;f77#c74  7iii7 ,a cov]$ transf]4  
7,b7 ,int5t n requir$ ,a disbursem5t =  
an item describ$ 9 clause 7i71 7ii71 or 
7iii7 ( subp>agraph 7,a7 %all be treat$ 
z a campaign-relat$ disbursem5t         
reg>dless ( ! int5t ( ! p]son mak+ !    
disbursem5t4  7#b7 ,cov]$ #eja7;c7      
organization ,! t]m cov]$ #eja7;c7      
organization means any organization t-- 
7,a7 is describ$ 9 section #eja7;c7 ( ! 
,int]nal ,rev5ue ,code ( #aihf & exempt 
f taxation "u section #eja7;a7 ( su*    
,code 7o!r ?an an organization describ$ 
9 section #eja7;c77#c7 ( su* ,code72 &  
7,b7 has receiv$ contributions or       
donations 9 excess ( #b1jjj dur+ !      
election report+ cycle f a =eign        
national4  7#c7 ,cov]$ transf] ,! t]m   
cov]$ transf] means a transf] describ$ 9
 subsection 7e74  7#d7 ,disclosure date 
,! t]m disclosure date means--  7,a7 !  

fir/ date dur+ any election report+     
cycle by :i* a p]son--  7i7 has receiv$ 
contributions or donations 9 excess (   
#b1jjj f a =eign national2 &  7ii7 has  
made campaign-relat$ disbursem5ts       
aggregat+ m ?an #aj1jjj2 &  7,b7 any o!r
 date dur+ su* election report+ cycle by
 :i* a cov]$ #eja7;c7 organization has  
made campaign-relat$ disbursem5ts       
aggregat+ m ?an #aj1jjj s9ce ! mo/ rec5t
 disclosure date = su* election report+ 
cycle4  7#e7 ,election report+ cycle ,! 
t]m election report+ cycle means !      
#b-ye> p]iod beg9n+ on ! date ( ! mo/   
rec5t g5]al election = ,f$]al (fice4    
7#f7 ,=eign national ,! t]m =eign       
national has ! mean+ giv5 su* t]m "u    
section #cai4  7#g7 ,paym5t ,! t]m      
paym5t includes any contribution1       
donation1 transf]1 paym5t ( dues1 or o!r
 paym5t4  7b7 ,disclosure /atem5t  7#a7 
,9 g5]al ,any cov]$ #eja7;c7            
organization t makes campaign-relat$    
disbursem5ts aggregat+ m ?an #aj1jjj 9  
an election report+ cycle %all1 n lat]  

?an #bd h\rs aft] ea* disclosure date1  
file a /atem5t ) ! ,commission made "u  
p5alty ( p]jury t conta9s ! in=mation   
describ$ 9 p>agraph 7#b7--  7,a7 9 !    
case ( ! fir/ /atem5t fil$ "u ?is       
subsection1 = ! p]iod beg9n+ on ! fir/  
day ( ! election report+ cycle & end+ on
 ! fir/ su* disclosure date2 &  7,b7 9 !
 case ( any subsequ5t /atem5t fil$ "u   
?is subsection1 = ! p]iod beg9n+ on !   
previ\s disclosure date & end+ on su*   
disclosure date4  7#b7 ,in=mation       
describ$ ,! in=mation describ$ 9 ?is    
p>agraph is z foll[s3  7,a7 ,! "n ( !   
cov]$ #eja7;c7 organization4  7,b7 ,!   
am\nt ( ea* campaign-relat$ disbursem5t 
made by su* organization dur+ ! p]iod   
cov]$ by ! /atem5t ( m ?an #a1jjj1 & !  
"n & address ( ! p]son to :om !         
disbursem5t 0 made4  7,c7 ,9 ! case ( a 
campaign-relat$ disbursem5t t is n a    
cov]$ transf]1 ! election to :i* !      
campaign-relat$ disbursem5t p]ta9s & if 
! disbursem5t is made = a public        
communication1 ! "n ( any c&idate       

id5tifi$ 9 su* communication & :e!r su* 
communication is 9 support ( or 9       
opposition to a c&idate4  7,d7 ,= ea*   
paym5t to ! cov]$ #eja7;c7 organization 
by a =eign national--  7i7 ! "n &       
address ( ! =eign national :o made su*  
paym5t dur+ ! p]iod cov]$ by ! /atem5t2 
7ii7 ! date & am\nt ( su* paym5t2 &     
7iii7 ! aggregate am\nt ( all su*       
paym5ts made by ! =eign national dur+ ! 
p]iod beg9n+ on ! fir/ day ( ! election 
report+ cycle & end+ on ! disclosure    
date1  b only if su* paym5t 0 made by a 
=eign national :o made paym5ts to !     
cov]$ #eja7;c7 organization 9 an        
aggregate am\nt ( #b1jjj or m dur+ !    
p]iod beg9n+ on ! fir/ day ( ! election 
report+ cycle & end+ on ! disclosure    
date4  7,e7 ,su* o!r in=mation z requir$
 9 rules e/abli%$ by ! ,commission to   
promote ! purposes ( ?is section4  7#c7 
,exceptions = am\nts receiv$ f          
affiliates  ,! requirem5t to include 9 a
 /atem5t submitt$ "u p>agraph 7#a7 !    
in=mation describ$ 9 subp>agraph 7,d7 ( 

p>agraph 7#b7 %all n apply to any am\nt 
:i* is describ$ 9 subsection            
7e77#b77;,a77i74  7c7 ,coord9ation ) o!r
 reports fil$ ) ! ,commission           
,in=mation includ$ 9 a /atem5t fil$ "u  
?is section may be exclud$ f /atem5ts & 
reports fil$ "u section #cjd4  7d7 ,fil+
 ,/atem5ts requir$ to be fil$ "u        
subsection 7a7 %all be subject to !     
requirem5ts ( section #cjd7;d7 to ! same
 ext5t & 9 ! same mann] z if su* reports
 _h be5 requir$ "u subsection 7c7 or 7g7
 ( section #cjd4  7e7 ,cov]$ transf]    
def9$  7#a7 ,9 g5]al ,9 ?is section1 !  
t]m cov]$ transf] means any transf] or  
paym5t ( funds by a cov]$ #eja7;c7      
organization to ano!r p]son if ! cov]$  
#eja7;c7 organization--  7,a7           
designates1 reque/s1 or sugge/s t !     
am\nts be us$ =--  7i7 campaign-relat$  
disbursem5ts 7o!r ?an cov]$ transf]s72  
or  7ii7 mak+ a transf] to ano!r p]son =
 ! purpose ( mak+ or pay+ = su*         
campaign-relat$ disbursem5ts2  7,b7 made
 su* transf] or paym5t 9 response to a  

solicitation or o!r reque/ = a donation 
or paym5t =--  7i7 ! mak+ ( or pay+ =   
campaign-relat$ disbursem5ts 7o!r ?an   
cov]$ transf]s72 or  7ii7 mak+ a transf]
 to ano!r p]son = ! purpose ( mak+ or   
pay+ = su* campaign-relat$ disbursem5ts2
  7,c7 engag$ 9 discussions ) ! recipi5t
 ( ! transf] or paym5t reg>d+--  7i7 !  
mak+ ( or pay+ = campaign-relat$        
disbursem5ts 7o!r ?an cov]$ transf]s72  
or  7ii7 donat+ or transf]r+ any am\nt (
 su* transf] or paym5t to ano!r p]son = 
! purpose ( mak+ or pay+ = su*          
campaign-relat$ disbursem5ts2  7,d7 made
 campaign-relat$ disbursem5ts 7o!r ?an a
 cov]$ transf]7 9 an aggregate am\nt (  
#ej1jjj or m dur+ ! #b-ye> p]iod end+ on
 ! date ( ! transf] or paym5t1 or knew  
or _h reason to "k t ! p]son receiv+ !  
transf] or paym5t made su* disbursem5ts 
9 su* an aggregate am\nt dur+ t #b-ye>  
p]iod2 or  7,e7 knew or _h reason to "k 
t ! p]son receiv+ ! transf] or paym5t   
w\ld make campaign-relat$ disbursem5ts 9
 an aggregate am\nt ( #ej1jjj or m dur+ 

! #b-ye> p]iod beg9n+ on ! date ( !     
transf] or paym5t4  7#b7 ,exception =   
c]ta9 transf]s among affiliates  7,a7   
,exception = c]ta9 transf]s among       
affiliates  7i7 ,9 g5]al ,! t]m cov]$   
transf] does n include an am\nt         
transf]r$ by "o cov]$ #eja7;c7          
organization to ano!r cov]$ #eja7;c7    
organization if su* transf] is treat$ z 
a transf] betwe5 affiliates "u          
subp>agraph 7,b74  7ii7 ,special rule   
,if ! aggregate am\nt ( transf]s        
describ$ 9 clause 7i7 exce$s #ej1jjj 9  
any election report+ cycle--  7,i7 !    
cov]$ #eja7;c7 organization :i* makes   
su* transf]s %all provide to ! cov]$    
#eja7;c7 organization receiv+ su*       
transf]s ! in=mation requir$ "u         
subsection 7b77#b77;,d7 7appli$ by      
sub/itut+ ! p]iod beg9n+ on ! fir/ day (
 ! election report+ cycle & end+ on !   
date ( ! mo/ rec5t transf] describ$ 9   
subsection 7e77#b77;,a77i7 = ! p]iod    
cov]$ by ! /atem5t 9 clause 7i7 !re(72 &
  7,,ii7 ! cov]$ #eja7;c7 organization  

receiv+ su* transf]s %all report !      
in=mation describ$ 9 subclause 7,i7 on  
any /atem5t fil$ "u subsection 7a77#a7 z
 if any contribution1 donation1 or      
transf] to :i* su* in=mation relates 0  
made directly to ! cov]$ #eja7;c7       
organization receiv+ ! transf]4  7,b7   
,description ( transf]s betwe5          
affiliates ,a transf] ( am\nts f "o     
cov]$ #eja7;c7 organization to ano!r    
cov]$ #eja7;c7 organization %all be     
treat$ z a transf] betwe5 affiliates    
if--  7i7 "o ( ! organizations is an    
affiliate ( ! o!r organization2 or  7ii7
 ea* ( ! organizations is an affiliate (
 ! same organization1  except t !       
transf] %all n be treat$ z a transf]    
betwe5 affiliates if "o ( !             
organizations is e/abli%$ = ! purpose ( 
mak+ campaign-relat$ disbursem5ts4  7,c7
 ,det]m9ation ( affiliate /atus ,=      
purposes ( ?is p>agraph1 ! foll[+       
organizations %all be consid]$ to be    
affiliat$ ) ea* o!r3  7i7 ,a memb]%ip   
organization1 includ+ a trade or        

pr(essional association1 & ! relat$     
,/ate & local entities ( t organization4
  7ii7 ,a national or int]national labor
 organization & its ,/ate or local      
unions1 or an organization ( national or
 int]national unions & its ,/ate & local
 entities4  7,d7 ,cov]age ( transf]s to 
affiliat$ section #eja7;c77#c7          
organizations ,?is p>agraph %all apply )
 respect to an am\nt transf]r$ by a     
cov]$ #eja7;c7 organization to an       
organization describ$ 9 p>agraph 7#c7 ( 
section #eja7;c7 ( ! ,int]nal ,rev5ue   
,code ( #aihf & exempt f tax "u section 
#eja7;a7 ( su* ,code 9 ! same mann] z   
?is p>agraph applies to an am\nt        
transf]r$ by a cov]$ #eja7;c7           
organization to ano!r cov]$ #eja7;c7    
organization4  4  7b7 ,con=m+ am5dm5t   
,section #cjd7;f77#f7 ( su* ,act 7#eb   
,u4,s4,c4 #cjajd7 is am5d$ by /rik+ ,any
 requirem5t & ins]t+ ,except z provid$ 9
 section #cbd7;c71 any requirem5t4  7c7 
,coord9ation ) ,fin,c,e,n  7#a7 ,9 g5]al
 ,! ,director ( ! ,f9ancial ,crimes     

,en=cem5t ,network ( ! ,dep>tm5t ( !    
,treasury %all provide ! ,f$]al         
,election ,commission ) su* in=mation z 
necess>y to assi/ 9 adm9i/]+ & en=c+    
section #cbd ( ! ,f$]al ,election       
,campaign ,act ( #aiga1 z add$ by ?is   
subsection4  7#b7 ,report ,n lat] ?an #f
 mon?s aft] ! date ( ! enactm5t ( ?is   
,act1 ! ,*airman ( ! ,f$]al ,election   
,commission1 9 consultation ) !         
,director ( ! ,f9ancial ,crimes         
,en=cem5t ,network ( ! ,dep>tm5t ( !    
,treasury1 %all submit to ,congress a   
report ) recomm5dations = provid+ fur!r 
legislative au?ority to assi/ 9 !       
adm9i/ration & en=cem5t ( su* section   
#cbd4  7d7 ,effective date ,! am5dm5ts  
made by ?is section %all apply ) respect
 to disbursem5ts made on or aft] ,janu>y
 #a1 #bjai1 & %all take effect )\t reg>d
 to :e!r or n ! ,f$]al ,election        
,commission has promulgat$ regulations  
to c>ry out su* am5dm5ts4  #c4 ,due     
dilig5ce requirem5ts  7a7 ,c]tification 
7#a7 ,9 g5]al ,title ,,iii ( ! ,f$]al   

,election ,campaign ,act ( #aiga 7#eb   
,u4,s4,c4 #cjaja et seq47 is am5d$ by   
add+ at ! end ! foll[+ new section3     
#cbe4 ,c]tifications  7a7 ,requirem5t   
,to file c]tification  7#a7 ,9 g5]al    
,ea* cov]$ organization t makes a report
 "u section #cjd ) respect to an        
indep5d5t exp5diture or a disbursem5t = 
! direct co/s ( produc+ an electione]+  
communication %all include ) su* report 
a c]tification describ$ 9 subsection    
7b74  7#b7 ,cov]$ #eja7;c7 organizations
 ,ea* cov]$ #eja7;c7 organization 7)9 ! 
mean+ ( section #cbd7 t makes a report  
"u section #cbd ) respect to a          
campaign-relat$ disbursem5t %all include
 ) su* report a c]tification describ$ 9 
subsection 7b74  7b7 ,c]tification  7#a7
 ,9 g5]al ,a c]tification is describ$ 9 
?is subsection if ! c]tification is made
 by ! pr9cipal executive (fic] or (fic]s
 & ! pr9cipal f9ancial (fic] or (fic]s (
 su* cov]$ organization1 or p]sons p]=m+
 simil> functions1 /at+ t--  7,a7 !     
sign+ (fic] has review$ ! report2  7,b7 

! organization has met ! due dilig5ce   
requirem5ts "u p>agraph 7#b72 &  7,c7   
bas$ on ! (fic]'s k1 none ( ! funds us$ 
to make any exp5diture or disbursem5t   
describ$ 9 ! report or /atem5t 7 provid$
 by a =eign national 7z def9$ 9 section 
#cai74  7#b7 ,due dilig5ce requirem5t   
7,a7 ,9 g5]al ,! due dilig5ce requirem5t
 "u ?is p>agraph %all be met if !       
organization affirmatively v]ifies t ea*
 contribution or donation receiv$ by !  
organization dur+ ! #b-ye> p]iod end+ on
 ! date ( ! exp5diture or disbursem5t   
describ$ 9 subsection 7a7 0 n a         
contribution or donation t 0 made1      
directly or indirectly1 by a =eign      
national 7)9 ! mean+ ( section #cai74   
7,b7 ,use ( segregat$ acc\nt ,9 ! case (
 an organization ) a sep>ate segregat$  
acc\nt f :i* ! exp5diture or disbursem5t
 describ$ 9 subsection 7a7 0 made1      
subp>agraph 7,a7 %all be appli$ only )  
respect to contributions & donations    
made to su* acc\nt4  7c7 ,cov]$         
organization def9$ ,9 ?is subsection1 ! 

t]m cov]$ organization means any ( !    
foll[+3  7#a7 ,a corporation 7o!r ?an an
 organization describ$ 9 section        
#eja7;c77#c7 ( ! ,int]nal ,rev5ue ,code 
( #aihf74  7#b7 ,a limit$ liability     
corporation t is n o!rwise treat$ z a   
corporation = purposes ( ?is ,act 7o!r  
?an an organization describ$ 9 section  
#eja7;c77#c7 ( ! ,int]nal ,rev5ue ,code 
( #aihf74  7#c7 ,an organization        
describ$ 9 section #eja7;c7 ( su* ,code 
& exempt f taxation "u section #eja7;a7 
( su* ,code 7o!r ?an an organization    
describ$ 9 section #eja7;c77#c7 ( su*   
,code74  7#d7 ,a labor organization 7z  
def9$ 9 section #caf7;b774  7#e7 ,any   
political organization "u section #ebg (
 ! ,int]nal ,rev5ue ,code ( #aihf1 o!r  
?an a political committee "u ?is ,act   
7except z provid$ 9 p>agraph 7#f774     
7#f7 ,a political committee ) an acc\nt 
t accepts donations or contributions t d
 n comply ) ! contribution limits or    
s\rce prohibitions "u ?is ,act1 b only )
 respect to su* acc\nts4  4  7#b7       

,effective date ,! am5dm5t made by      
subsection 7a7 %all apply to reports    
requir$ to be fil$ aft] ! date ( !      
enactm5t ( ?is ,act4  7b7 ,report+ (    
suspici\s donations  7#a7 ,cov]$        
#eja7;c7 organizations  7,a7 ,9 g5]al   
,section #eja ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by add+ at ! end !    
foll[+ new subsection3  7s7 ,requirem5t 
,to report c]ta9 contributions  7#a7 ,9 
g5]al ,no organization describ$ 9       
subsection 7c7 7o!r ?an an organization 
describ$ 9 p>agraph 7#c7 !re(7 %all be  
exempt f tax "u subsection 7a7 unless   
su* organization reports any disqualifi$
 =eign contribution1 n lat] ?an #ae days
 aft] receiv+ su* contribution1 to !    
entities li/$ 9 p>agraph 7#c74  7#b7    
,disqualifi$ =eign contribution ,=      
purposes ( ?is subsection1 ! t]m        
disqualifi$ =eign contribution means any
 donation or contribution receiv$ f     
=eign national 7)9 ! mean+ ( section    
#cai ( ! ,f$]al ,election ,campaign ,act
 ( #aiga7 & :i* is made or receiv$ = a  

purpose describ$ 9 section #cai7;a7 (   
su* ,act4  7#c7 ,entities ,! entities   
describ$ 9 ?is p>agraph are ! foll[+3   
7,a7 ,! ,int]nal ,rev5ue ,s]vice4  7,b7 
,! ,f$]al ,election ,commission4  7,c7  
,! ,f9ancial ,crimes ,en=cem5t ,network 
( ! ,dep>tm5t ( ,treasury4  7,d7 ,!     
,dep>tm5t ( ,ju/ice4  4  7,b7 ,effective
 date ,! am5dm5t made by ?is p>agraph   
%all apply to contributions made aft] ! 
date ( ! enactm5t ( ?is ,act4  7#b7     
,corporate entities  7,a7 ,9 g5]al ,ea* 
corporation & ea* limit$ liability      
corporation t is n o!rwise treat$ z a   
corporation "u ! ,f$]al ,election       
,campaign ,act ( #aiga %all report any  
disqualifi$ =eign contribution 7z def9$ 
9 section #eja7s7 ( ! ,int]nal ,rev5ue  
,code ( #aihf71 n lat] ?an #ae days aft]
 receiv+ su* contribution1 to ! foll[+  
entities3  7i7 ,! ,f$]al ,election      
,commission4  7ii7 ,! ,f9ancial ,crimes 
,en=cem5t ,network ( ! ,dep>tm5t (      
,treasury4  7iii7 ,! ,dep>tm5t (        
,ju/ice4  7,b7 ,exception ,subp>agraph  

7,a7 %all n apply to any entity t is an 
organization describ$ 9 section         
#eja7;c77#c7 ( ! ,int]nal ,rev5ue ,code 
( #aihf4  7,c7 ,crim9al p5alty ,any     
p]son :o fails to make a report "u      
subp>agraph 7,a7 %all be guilty ( a     
misdemeanor &1 ^u conviction !re(1 %all 
be f9$ n m ?an #ajj1jjj1 or imprison$ n 
m ?an #a ye>1 or bo?1 toge!r ) ! co/s ( 
prosecution4