To amend the Federal Election Campaign Act of 1971 to require not less than 75 percent of the amount of individual contributions accepted by Congressional candidates to come from in-State residents, to increase disclosure requirements, and for other purposes.

June 19, 2003

Mr. HOEKSTRA introduced the following bill; which was referred to the Committee on House Administration

To amend the Federal Election Campaign Act of 1971 to require not less than 75 percent of the amount of individual contributions accepted by Congressional candidates to come from in-State residents, to increase disclosure requirements, 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 `Accountability and Transparency in Federal Campaigns Act of 2003'.

SEC. 2. FINDINGS.

Congress finds as follows:

(1) While provisions in the Bipartisan Campaign Reform Act of 2002 took steps to make changes to the Nation's campaign finance system, the Act did not make sufficient improvements to disclosure requirements for candidate campaign committees.

(2) Current laws regulating the campaign finance system are inadequate for the purposes of accessibility and timeliness in the disclosure of campaign contributions and do not provide for sufficient accountability of candidates to the voters.

SEC. 3. REQUIRING 75 PERCENT OF AMOUNT OF INDIVIDUAL CONTRIBUTIONS ACCEPTED BY CONGRESSIONAL CANDIDATES TO COME FROM IN-STATE RESIDENTS.

(a) IN GENERAL- Section 315 of the Federal Election Campaign Act of 1971 (2 U.S.C. 441a), as amended by section 304(a) of the Bipartisan Campaign Reform Act of 2002, is amended by adding at the end the following new subsection:

`(k)(1) The total amount of contributions accepted with respect to an election by a candidate for the office of Senator or the office of Representative in, or Delegate or Resident Commissioner to, the Congress from in-State individual residents shall be at least 75 percent of the total amount of contributions accepted from all individuals.

`(2) As used in this subsection, the term `in-State individual resident' means an individual who resides in the State in which the election involved is held.'.

(b) REPORTING REQUIREMENTS- Section 304 of such Act (2 U.S.C. 434), as amended by section 308(b) of the Bipartisan Campaign Reform Act of 2002, is amended by adding at the end the following new subsection:

`(i) Each principal campaign committee of a candidate for the Senate or the House of Representatives shall include the following information in the first report filed under subsection (a)(2) which covers the period which begins 19 days before an election and ends 20 days after the election:

`(1) The total contributions received by the committee with respect to the election involved from in-State individual residents (as defined in section 315(k)(2)), as of the last day of the period covered by the report.

`(2) The total contributions received by the committee with respect to the election involved from all individuals, as of the last day of the period covered by the report.'.

SEC. 4. REQUIRING MONTHLY REPORTING OF ALL CONTRIBUTIONS OF $200 OR MORE.

Section 304 of the Federal Election Campaign Act of 1971 (2 U.S.C. 434), as amended by section 3(b), is amended by adding at the end the following new subsection:

`(j)(1) Except as provided in paragraph (3), each authorized committee of a candidate shall file a monthly report with the Commission of all contributions of $200 or more which are received by the committee during the month, and shall include for each contribution reported the identification of the contributor, the date of receipt and amount of the contribution, the name of the candidate, and the office sought by the candidate.

`(2) A committee shall file the report required under paragraph (1) with respect to a month not later than the 10th day after the last day of the month.

`(3) Paragraph (1) shall not apply to any contribution for which the information required to be reported under this subsection is otherwise required to be reported to the Commission prior to the deadline applicable under paragraph (2).

`(4) The report required under paragraph (1) shall be in addition to all other reports required under this Act.'.

SEC. 5. EFFECTIVE DATE.

The amendments made by this Act shall apply with respect to elections occurring on or after the date of the enactment of this Act.

END