Title IV - Improving Lobbyist Reporting and Disclosure of Information
Sec. 404. Monthly reports on certain contributions.
When lobbyists make large contributions to candidates or PACs, it creates an appearance of impropriety. These contributions must be reported, but reporting is delayed so that it does not occur until long after the contribution is made. Monthly reporting ensures that most, if not all, contributions by lobbyists are disclosed prior to action being taken by a Member of Congress on an issue with which the donor-lobbyist seeks assistance.
Other Contributions- Section 5 of the Lobbying Disclosure Act of 1995 (2 U.S.C. 1604) is further amended by adding at the end the following:
`(d) Monthly Reports on Certain Contributions-
`(1) IN GENERAL- Each person or organization who is registered or is required to register under paragraph (1) or (2) of section 4(a), and each employee who is or is required to be listed as a lobbyist under section 4(b)(6) or subsection (b)(2)(C) of this section, shall file a monthly report report with the Secretary of the Senate and the Clerk of the House of Representatives containing
`(A) the name of the person or organization;
`(B) in the case of an employee, his or her employer;
`(C) the names of all political committees established or controlled by the person or organization;
`(D) the name of each Federal candidate or officeholder, leadership PAC, or political party committee, to whom aggregate contributions equal to or exceeding $200 were made by the person or organization, or a political committee established or controlled by the person or organization within the monthly period, and the date and amount of each such contribution made within the monthly period;
`(E) the date, recipient, and amount of funds contributed or disbursed during the monthly period by the person or organization or a political committee established or controlled by the person or organization
`(i) to pay the cost of an event to honor or recognize a covered legislative branch official or covered executive branch official;
`(ii) to an entity that is named for a covered legislative branch official, or to a person or entity in recognition of such official;
`(iii) to an entity established, financed, maintained, or controlled by a covered legislative branch official or covered executive branch official, or an entity designated by such official; or
`(iv) to pay the costs of a meeting, retreat, conference, or other similar event held by, or in the name of, one or more covered legislative branch officials or covered executive branch officials, except that this subparagraph shall not apply if the funds are provided to a person who is required to report the receipt of the funds under section 304 of the Federal Election Campaign Act of 1971 (2 U.S.C. 434);
`(F) the name of each presidential library foundation, and each presidential inaugural committee, to whom contributions equal to or exceeding $200 were made by the person or organization, or a political committee established or controlled by the person or organization, within the semiannual period, and the date and amount of each such contribution within the semiannual period; and
`(G) a certification by the person or organization filing the report that the person or organization
`(i) has read and is familiar with those provisions of the Standing Rules of the Senate and the Rules of the House of Representatives relating to the provision of gifts and travel; and
`(ii) has not provided, requested, or directed a gift, including travel, to a Member of Congress or an officer or employee of either House of Congress with knowledge that receipt of the gift would violate rule XXXV of the Standing Rules of the Senate or rule XXV of the Rules of the House of Representatives.