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Adds a new paragraph (12) to subsection (a) of 22 U.S.C. 612 requiring an individual who was a candidate for Federal office to include, in their FARA registration statement, a certification under penalty of perjury that each authorized committee and leadership PAC of the individual is in compliance with section 303A of the Federal Election Campaign Act of 1971 regarding disbursement of unexpended funds after the date of the election.
Amends 2 U.S.C. 1603(b) by adding a new paragraph (8) requiring that, for an individual who was a candidate for Federal office, the registration include a certification (under penalty of perjury) that each authorized committee and leadership PAC of the individual is in compliance with section 303A of the Federal Election Campaign Act of 1971 (relating to disbursement of funds remaining unexpended after the date of the election).
Adds new section 303A to Title III of the Federal Election Campaign Act of 1971 establishing requirements for disbursement of remaining unexpended funds by authorized committees and leadership PACs: (1) requires complete disbursement before specified triggers; (2) defines an applicable disbursement period (a 6-month period beginning the day after the latest date to file State qualifying information/fees for the next election); (3) specifies payment priority (first pay committee obligations) and permitted uses for remaining funds (return contributions to contributors; contributions to organizations described in section 170(c) of the Internal Revenue Code, with exceptions); and (4) prohibits disbursements to certain organizations established by or bearing the candidate's name or to relatives except to pay committee obligations reported under section 304(b)(5) or that would be so reported if exceeding $200.
Modifies subsection (a) of section 313 (52 U.S.C. 30114(a)) to make the permitted uses of contributions subject to the newly added section 303A.
Requires campaign committees and leadership PACs to spend or otherwise dispose of leftover campaign funds during a defined post-election disbursement period, limits the uses of those funds, and bans transfers to certain recipients (including specified relatives). It then requires certain former candidates who later register as lobbyists and persons filing as foreign agents to certify under penalty of perjury that their campaign vehicles complied with the new spending rules. The rules and certification requirements apply beginning with the regularly scheduled November 2026 general election and related filings thereafter.
Read twice and referred to the Committee on Rules and Administration.
Introduced May 21, 2025 by Michael F. Bennet · Last progress May 21, 2025
Read twice and referred to the Committee on Rules and Administration.
Introduced in Senate