Real Time Online Lobbying Transparency Act (Revised)

15 section comments

Title IV - Reporting of Bundled Contributions Made by Persons Other Than Registered Lobbyists

Summary:

To ensure that all influence peddlers are required to disclose lobbying contacts, anyone who bundles contributions will be required to register and report under the LDA if he or she makes more than one lobbying contact. The Federal Election Campaign Act (FECA) is amended to require political committees to file a separate schedule setting forth the name, address and employer of each person reasonably known by the committee to have provided bundled contributions to the committee over a threshold amount during the covered period. That schedule will trigger filing by the bundler if the bundler makes a significant contact as defined above.

Sec. 101. Required Disclosure of Bundlers

  1. POLITICAL COMMITTEE REPORTS — Each political committee shall be required to file within 72 hours of receipt a separate schedule setting forth the name, address and employer of each person reasonably known by the committee who provided two or more bundled contributions in the amount of $5,000 or more to the committee

  2. PUBLIC AVAILABILITY — The Federal Election Commission shall ensure that

    1. information required to be disclosed under this subsection is publicly available through the Commission website in a manner that is searchable, sortable and downloadable; and

    2. the Commission's public database containing information disclosed under this subsection is linked electronically to the websites maintained by the Secretary of the Senate and the Clerk of the House of Representatives containing information filed pursuant to the Lobbying Disclosure Act of 1995.

  3. COMMITTEES DESCRIBED — A committee described in this paragraph is an authorized committee of a candidate, a leadership PAC or a political party committee.

  4. DEFINITIONS — For purposes of this subsection, the following definitions apply:

    1. BUNDLED CONTRIBUTION — The term ‘bundled contribution' means a contribution (subject to the applicable threshold) which is —

      1. forwarded from the contributor or contributors to the committee by the person; or

      2. received by the committee from a contributor or contributors, but credited by the committee or candidate involved to the person through records, designations or other means of recognizing that a certain amount of money has been raised by the person.

    2. The term ‘bundled contribution’ shall not include any contribution forwarded by or credited to (through records, designations or other means of recognizing a certain amount of money has been raised) a person who is a regularly paid employee of the committee.

Sec. 102. Reporting of Lobbying Activities by All Persons Who Bundle Contributions

  1. Not later than 10 days after filing a bundled contribution report a campaign committees shall forward to each named contributor of a bundled contribution notice that he or she has been identified in the committees campaign finance report.

  2. The Lobbying Disclosure Act is amended to provide that each individual listed in reports to be required under this section shall produce a report identifying each member of Congress or covered executive branch official with whom the individual engaged in significant contact.

  3. Contents of record and report — Each record made, and each report filed, under subsection (2) shall contain —

    1. the name of each private party who had a significant contact with that official;

    2. the name of the member of Congress or covered executive branch official; and

    3. for each member of Congress named, a summary of the nature of the contact, including —

      1. the date of the contact;

      2. the subject matter of the contact and the specific action, if any, to which the contact relates; and

      3. if the contact was made on behalf of a client, the name of the client.

Sec. 103. Electronic Filing and Public Access

  1. The Lobbying Disclosure Act is amended to provide the following: “each person required to file a lobby report under this title shall be required to maintain and file such report in electronic form accessible by computers.”

  2. The Secretary of the Senate, and the Clerk of the House shall make reports required under this title available to the public on the Internet in a searchable, sortable, downloadable format within 48 hours (Saturdays, Sundays and holidays excepted) after they are received.