Federal Election Campaign Act Amendments of 1983

Federal Election Campaign Act Amendments of 1983 - Amends the Federal Election Campaign Act of 1971 to include in the definition of "contribution" donations made to draft clearly identified individuals to become candidates for Federal office.

Exempts from the definition of "contributions" any donations to political parties or committees designated to defray establishment, administration, or solicitation costs of the Committee. Requires that these donations be reported on a semiannual basis.

Extends to the national committee of a political party certain exemptions that are given to State committees.

Allows a political committee of a party to utilize the expedited procedure for advisory opinion requests during the 60-day period before an election.

Requires the Commission to establish time limits for investigations.

Revises the investigatory procedures of the Commission.

Deletes the requirement that the Court of Appeals sit en banc when hearing cases involving the constitutionality of the Act.

Increases the contribution limitations for certain offices.

Permits political committees of political parties to engage in bona fide commercial transactions in order to defray establishment, administration, and solicitation costs.

Amends the Internal Revenue Code to provide the opportunity for a presidential general election candidate to request a hearing before the Commission if a demand for repayment of funds is made available.