Sec. 301. Uniform 24-‐Hour Reporting For Independent Expenditures and Electioneering Communications
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Section 304(g) of the Federal Election Campaign Act (2 U.S.C. 434(g)) is amended by striking paragraphs (1) and (2) and inserting the following:
“(1) INDEPENDENT EXPENDITURES AND ELECTIONEERING COMMUNICATIONS EXCEEDING THRESHOLD AMOUNT-‐-‐
“(A) INITIAL REPORT-‐-‐A person (including a political committee) that makes or contracts to make independent expenditures or electioneering communications in an aggregate amount equal to or greater than the threshold amount described in paragraph (2) shall electronically file a report , in a machine processable format that incorporates the unique identifiers described in paragraph (3), describing the expenditures within 24 hours.
“(B) ADDITIONAL REPORTS-‐-‐After a person files a report under subparagraph (A), the person shall electronically file an additional report in a machine processable format that incorporates the unique identifiers described in paragraph (3), within 24 hours after each time the person makes or contracts to make independent expenditures or electioneering communications in an aggregate amount equal to or greater than the threshold amount with respect to the same election as that to which the initial report relates.
“(2) THRESHOLD AMOUNT DESCRIBED-‐-‐In paragraph (1), the ‘threshold amount’ means-‐-‐
“(A) during the period up to and including the 20th day before the date of an election, $10,000; or
“(B) during the period after the 20th day, but more than 24 hours, before the date of an election, $1,000.”