PAC Limitation Act of 2001

PAC Limitation Act of 2001 - Amends the Federal Election Campaign Act of 1971 to: (1) ban political action committees from making any contribution to any candidate or to any authorized committee of the candidate with respect to any election for Federal office; (2) prohibit a candidate for the House of Representatives from accepting contributions from all sources outside the congressional district involved greater in total than all contributions from individual residents of the district; (3) place a limit on the amount of soft money that a national and congressional campaign committee of a political party may accept in any calendar year; and (4) require radio stations, television stations, and cable systems to report to the Federal Election Commission with respect to each Federal political advertisement they carry.

[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2533 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 2533

   To amend the Federal Election Campaign Act of 1971 to reduce the 
   influence of political action committees in elections for Federal 
                    office, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 17, 2001

Mr. Smith of Michigan introduced the following bill; which was referred 
                to the Committee on House Administration

_______________________________________________________________________

                                 A BILL


 
   To amend the Federal Election Campaign Act of 1971 to reduce the 
   influence of political action committees in elections for Federal 
                    office, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``PAC Limitation Act of 2001''.

SEC. 2. BAN ON POLITICAL ACTION COMMITTEE CONTRIBUTIONS TO CANDIDATES 
              IN ELECTIONS FOR FEDERAL OFFICE.

    Title III of the Federal Election Campaign Act of 1971 (2 U.S.C. 
431 et seq.) is amended by adding at the end the following new section:

  ``ban on contributions to candidates by political action committees

    ``Sec. 323. (a) In General.--Notwithstanding any other provision of 
this Act, no political action committee may make any contribution to 
any candidate or any authorized committee of the candidate with respect 
to any election for Federal office.
    ``(b) Political Action Committee Defined.--In this section, the 
term `political action committee' means any political committee which 
is not--
            ``(1) an authorized committee of a candidate; or
            ``(2) a national, State, local, or district committee of a 
        political party, including any subordinate committee 
        thereof.''.

SEC. 3. HOUSE OF REPRESENTATIVES ELECTION LIMITATION ON CONTRIBUTIONS 
              FROM SOURCES OUTSIDE THE DISTRICT.

    Section 315 of the Federal Election Campaign Act of 1971 (2 U.S.C. 
441a) is amended by adding at the end the following new subsection:
    ``(i) A candidate for the office of Representative in, or Delegate 
or Resident Commissioner to, the Congress may not, with respect to a 
reporting period for an election, accept contributions from all sources 
outside the congressional district involved totaling in excess of the 
total of contributions accepted from individual residents of the 
congressional district involved.''.

SEC. 4. LIMITATION ON ACCEPTANCE OF SOFT MONEY BY NATIONAL AND 
              CONGRESSIONAL COMMITTEES OF POLITICAL PARTIES.

    Title III of the Federal Election Campaign Act of 1971 (2 U.S.C. 
431 et seq.), as amended by section 2, is amended by adding at the end 
the following new section:

``limitation on acceptance of soft money by national and congressional 
                    committees of political parties

    ``Sec. 324. A national committee of a political party and the 
congressional campaign committees of a political party may not, in any 
calendar year, accept more than $25,000 from any single person in 
contributions or transfers that are not otherwise subject to the 
limitations, prohibitions, and reporting requirements of this Act.''.

SEC. 5. REPORTS ON FEDERAL POLITICAL ADVERTISEMENTS CARRIED BY RADIO 
              STATIONS, TELEVISION STATIONS, AND CABLE SYSTEMS.

    Title III of the Federal Election Campaign Act of 1971 (2 U.S.C. 
431 et seq.), as amended by sections 2 and 4, is further amended by 
adding at the end the following new section:

    ``reports on federal political advertisements carried by radio 
            stations, television stations, and cable systems

    ``Sec. 325. At such times and in such manner as the Commission 
shall prescribe by regulation, each operator of a radio broadcasting 
station, television broadcasting station, or cable system shall report 
to the Commission the identity of each advertiser, the cost, the 
duration, and other appropriate information with respect to each 
Federal political advertisement carried by the station or system, 
including any advertisement advocating the passage or defeat of Federal 
legislation, any advertisement advocating the election or defeat of a 
candidate for Federal office, and any advertisement characterizing the 
positions taken by such a candidate.''.

SEC. 6. EFFECTIVE DATE.

    The amendments made by this Act shall take effect on January 1, 
2002.
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