(5) each loan to or from any person, together with the names and addresses of the lender and endorsers, if any, and the date and amount of such loan; (6) the total amount of proceeds from (A) the sale of tickets to each dinner, luncheon, rally, and other fundraising event; (B) mass collections made at each such event; and (C) sales of items such as campaign pins, buttons, hats, ties, literature, and similar materials; (7) each contribution, rebate, refund, or other receipt not otherwise listed under paragraphs (2) through (6); (8) the total sum of all receipts by or for such committee during the reporting period; (9) the name and address of each person to whom an expenditure or expenditures have been made by such committee within the calendar year in the aggregate amount or value of $100 or more, and the amount, date, and purpose of each such expenditure; (10) the name and address of each person to whom an expenditure for personal services, salaries, and reimbursed expenses of $100 or more has been made, and which is not otherwise reported, including the amount, date, and purpose of such expenditure; (11) the total sum of expenditures made by such committee during the calendar year; and (12) such other information as shall be required by the Comptroller General by published regulation. (c) No contribution or expenditure need be reported under this section which is made solely for the purpose of influencing the election of a person or persons seeking State or local office and from which no benefit will accrue to any candidate as herein defined. (d) Debts or unpaid bills in the single amount or value of $100 or more which are incurred during a campaign for election, by or on behalf of the candidate, and which remain unpaid at the end of forty-five days following the date of the election, shall be listed separately on the first postelection report and shall be kept current on all subsequent reports until the debt is retired. There shall also be listed the total amount of debts and unpaid bills of less than $100. (e) A national, senatorial, congressional, State, or county committee of a national political party, of which there shall not be designated more than one for each party for each such political unit, need not file separate reports for candidates supported, but may file the information required by this section at one time with respect to its entire activities for the period covered by the report. REPORTS BY CONTRIBUTORS SEC. 306. Every person (other than a political committee) who, singly or together with the members of his immediate family, makes contributions to a political committee, or makes other contributions or expenditures for the purpose of influencing the nomination or election of a candidate, aggregating in all more than $2,500 within a calendar year, shall file with the Registry, at such times and in such form as shall be prescribed by the Comptroller General, a report of such contributions and expenditures. For the purposes of this section the term "members of his immediate family" includes his spouse and a child, parent, grandparent, brother, or sister of the candidate and any of their spouses. REPORTS BY CANDIDATES SEC. 307. (a) Every candidate, during the period he receives or expends funds on behalf of his candidacy, shall file with the Registry, on a form to be prescribed by the Comptroller General, reports of his receipts and expenditures made for the purpose of influencing his election. Such reports shall be filed on the same date as are specified for political committees to file. Such reports shall contain a correct and itemized detailed report of contributions received and expenditures made by him in aid or support of his activities as a candidate, or for the purpose of influencing his election, in the same manner as required of the treasurer of a political committee by section 305, and shall include amounts expended from his own funds and amounts received or expended by his immediate family (as defined in section 306). (b) The reports required to be filed by subsection (a) shall be cumulative, but where there has been no change in an item reported in a previous report, only the amount need be carried forward. REQUIREMENTS AND REGULATIONS SEC. 308. (a) A report or statement required by this title to be filed by a treasurer of a political committee, by a candidate, or by any other person, shall be verified by the oath or affirmation of the person filing such report or statement, taken before any officer authorized to administer oaths. (b) A copy of a report or statement shall be preserved by the person filing it for a period of time to be designated by the Comptroller General in a published regulation. (c) The Comptroller General shall prescribe and publish such regulations as he shall determine to be required to carry into effect the provisions of this Act. DUTIES OF THE COMPTROLLER GENERAL SEC. 309. It shall be the duty of the Comptroller General (1) to develop prescribed forms for the making of the reports and statements required by this title; (2) to prepare and publish a manual setting forth recommended uniform methods of bookkeeping and reporting for use by persons required to make reports and statements required by this title; (3) to develop a filing, coding, and cross-indexing system consonant with the purposes of this title; (4) to make the reports and statements filed with him available for public inspection and copying during regular office hours, and to make copying facilities available; (5) to preserve such reports and statements for a period of ten years from date of receipt; (6) to prepare and publish, within ten working days after the 20th day of June and September, and after the 1st day of January, of each year, and within three calendar days after the due dates of the preelection reports, summaries of the respective reports received; such summaries shall contain, in addition to such other information as the Comptroller General may determine, compilations disclosing the total receipts and expenditures appearing in each report by categories of amounts as he shall determine, and shall also include the name and address, and amount of contribution of each person listed alphabetically, shown to have contributed the sum of $100 or more; and such summaries shall be grouped according to candidates and parties; (7) to prepare and publish an annual report including compilations of (A) total reported contributions and expenditures for all candidates, political committees, and other persons during the year; (B) total ammounts expended according to such categories as the Comptroller General shall determine and broken down into candidate, party, and nonparty expenditures; (C) total amounts contributed according to such categories of amounts as the Comptroller General shall determine; and (D) aggregate amounts contributed by any contributor shown to have contributed the sum of $100 or more during any calendar year; (8) to prepare and publish from time to time special reports comparing the various totals and categories of contributions and expenditures made with respect to preceding elections; (9) to prepare and publish such other reports as he may deem appropriate; (10 to assure wide dissemination of summaries and reports; (11) to make from time to time audits and field investigations with respect to reports and statements filed under the provisions of this title, and with respect to alleged failures to file any report or statement required under the provisions of this title; (12) to report suspected violations of law to the appropriate law enforcement authorities; and (13) to prescribe rules and regulations to carry out the provisions of this title. ADVISORY BOARD SEC. 310. (a) There is hereby established a bipartisan advisory board to be known as the Advisory Board of the Registry of Election Finance, hereafter referred to as the "Board". The Board shall be composed of twelve members at least half of whom shall not be in the employ of the United States. The President and the Comptroller General shall each nominate two members; the majority leader of the Senate, the minority leader of the Senate, the Speaker of the House of Representatives, and the minority leader of the House of Representatives shall each nominate two members, one of whom shall be a Member of Congress. The Comptroller General shall receive such nominations and shall appoint the members of the Board. The Board shall select a Chairman from among its members. A member of the Board shall serve for a term of two years and may serve for more than one term. If for any reason a member of the Board shall fail to serve a complete term, his successor shall be nominated by the official who nominated such member and the successor shall be appointed by the Comptroller General to serve the unexpired term. (b) The Board herein established shall be constituted not later than ninety days following the appointment of the Registrar. (c) The Board shall advise and make recommendations to the Comptroller General and to the Congress with respect to (1) the means for effectively publicizing the information submitted in the reports and statements required by this title, (2) any need for legislation, and (3) such other matters as the Comptroller General or the Board may determine. (d) Members of the Board, while attending meetings or conferences of the Board or otherwise serving at the request of the Comptroller General, shall be entitled to receive compensation at a rate to be fixed by him but not exceeding $75 per diem, including traveltime, and while away from their homes or regular places of business they may be allowed travel expenses, including per diem in lieu of subsistence, as authorized by section 5703 of title 5, United States Code, for persons in the Government service employed intermittently. PENALTY SEC. 311. (a) Except as provided by subsection (b), whoever violates any provision of this title shall be fined not more than $1,000, or imprisoned not more than one year, or both. (b) Whoever willfully violates any provision of this title shall be fined not more than $10,000 and imprisoned not more than two years. SAVING PROVISION SEC. 312. This title shall not be construed to annul the laws of any State relating to the nomination or election of candidates, unless directly inconsistent with the provisions of this part, or to exempt any candidate from complying with such State laws. REPEAL SEC. 313. The Federal Corrupt Practices Act of 1925 (2 U.S.C. 241 et seq.) is repealed. [S. 1827, 90th Cong., first sess.] A BILL To revise the Federal election laws to prevent corrupt practices in Federal elections, to establish a method for the public financing of campaigns of candidates for Federal office, and for other purposes Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Federal Elections Act of 1967." Sec. 111. Organization of political committees. Sec. 113. Limitation upon amount of expenditures by candidates for Senator, Representative, or Resident Commissioner. Sec. 114. Limitation upon amount of expenditures by candidates for election as President and Vice President-national political committees. Sec. 115. Limitation upon amount of expenditures on behalf of candidates for President and Vice President-State political committees. Sec. 116. Limitation upon amount of expenditures by candidates for nomination for the Office of President or Vice President-national political committees. Sec. 117. Limitation upon amount of expenditures on behalf of candidates for nomination for the Office of Sec. 118. Reports by political committees. Sec. 119. Reports by candidates for Senator, Representative, and Resident Commissioner. Sec. 120. Reports by candidates for election as President and Vice President. Sec. 121. Reports by candidates for nomination for the Office of President or Vice President. Sec. 123. Reports by other persons. Sec. 124. Requirements for filing reports. Sec. 125. Prohibition of certain contributions. Sec. 126. Duties of Comptroller General. Sec. 127. Duties of clerks of United States district courts. Sec. 128. Supervision of administration of this Act. Sec. 141. Definitions. PART C-AMENDMENTS TO CRIMINAL CODE Sec. 142. Limitations on financial aid. Sec. 143. Aid by national banks, corporations, and labor organizations. : ,་ PART B-INCOME TAX DEDUCTION FOR CONTRIBUTIONS TO FEDERAL CANDIDATES Sec. 221. Allowance of deduction. Sec. 222. Deduction from gross income. ( Sec. 223. Technical amendments. Sec. 224. Effective date. TITLE III-FURNISHING OF FREE RADIO AND TELEVISION BROADCAST TIME TO FEDERAL CANDIDATES Sec. 301. Amendment to Communications Act of 1934. TITLE I-PREVENTION OF CORRUPT PRACTICES PART A-SHOrt Title; DEFINITIONS SHORT TITLE SEC. 101. This title may be cited as the "Federal Elections Campaign Practices Act of 1967". DEFINITIONS. SEC. 102. For purposes of this title (1) The term "election" includes a general, special, or primary election, including a preferential primary, and a convention of a political party or a caucus held for the purpose of nominating candidates. (2) The term "candidate" means an individual who has publicly announced that he is a candidate for, or whose name is presented for, nomination or election in an election for nomination for or election as President or Vice President of the United States, or Senator or Representative in, or Resident Commissioner to, the Congress of the United States, and who meets the qualifications prescribed by the applicable laws to hold the office for which he is a candidate, so that he may be voted for by the electorate directly or by means of delegates or electors, whether or not such individual is nominated or elected. ti. (3) The term "political committee" includes any committee, association, or organization which accepts contributions or makes expenditures in an aggregate amount exceeding $500 in any calendar year for the purpose of influencing, or attempting to influence, in any manner whatsoever, the nomination or election of a candidate or candidates. (4) The term "national political committee" means a political committee which accepts contributions or makes expenditures in an aggregate amount exceeding $500 in any calendar year for the purpose of influencing, or attempting to in fluence, in any manner whatsoever, the nomination or election of a candidate or candidates in two or more States. (5) The term "contribution" includes a gift, subscription, loan (other than a loan made in the regular course of the banking business), advance, or deposit of money, or anything of value, or transfer of funds between committees, and includes a contract, promise, or agreement, whether or not legally enforceable, to make a contribution. (6) The term "expenditure" includes a payment, distribution. loan (other than a loan made in the regular course of the banking business), advance, deposit, or gift of money, or anything of value, transfer of funds between committees, or absorption of cost, and includes a contract, promise, or agreement, whether or not legally enforceable, to make an expenditure. (7) The term "person" includes an individual, partnership, committee, association, corporation, labor organization, and any other organization or group of persons. (8) The term "State" includes the District of Columbia, the Commonwealth of Puerto Rico, and the possessions of the United States. (9) The term "Comptroller General" means the Comptroller General of the United States. (10) The term "Attorney General" means the Attorney General of the United States. PART B CAMPAIGN PRACTICES ORGANIZATION OF POLITICAL COMMITTEES SEC. 111. (a) Every political committee shall have a chairman and a treasurer. No contribution shall be accepted, and no expenditure shall be made, by or on behalf of a political committee for the purpose of influencing an election until such chairman and treasurer have been chosen. No person other than the chairman or the treasurer, or someone designated in writing by the chairman, shall make an expenditure for or on behalf of a political committee. (b) Every person who receives a contribution in an amount exceeding $20 for a political committee shall, on demand of the treasurer, and in any event within five days after the receipt of such contribution, render to the treasurer a detailed account thereof, including the name and address of the person making such contribution, and the date on which received. (c) It shall be the duty of the treasurer of a political committee to keep a detailed and exact account of (1) all contributions made to or for such committee; (2) the name and address of every person making a contribution in an amount exceeding $20, and the date thereof; (3) all expenditures made by or on behalf of such committee and the purpose thereof; (4) the name and address of every person to whom any such expenditure is made, and the date thereof. (d) It shall be the duty of the treasurer to obtain and keep a receipted bill, stating the particulars, for every expenditure by or on behalf of a political committee exceeding $100 in amount. The treasure shall preserve all receipted bills and accounts required to be kept by this section for a period of at least five years from the date of the filing of the statement containing such items. AUTHORIZATION OF POLITICAL COMMITTEES SEC. 112. (a) A candidate for Senator or Representative in, or Resident Commissioner to, the Congress of the United States, may authorize in writing one or more political committees to support his candidacy. Such authorization shall be addressed to the chairman of the authorized political committee and a copy of such authorization shall be filed by the candidate with the Comptroller General, the Clerk of the House of Representatives or the Secretary of the Senate, as the case may be, and the clerk of the United States district court in which the candidate resides. Any withdrawal of such authorization shall also be in writing and addressed and filed in the same manner as was the original authorization. (b) Candidates for election as President and Vice President seeking election as nominees of a political party may jointly authorize in writing one or more national political committees to support their candidacy in the same manner as provided in subsection (a). Such candidates for election as President and Vice President may also jointly authorize in writing not more than two political committees within each State to support their candidacy, and may further authorize the chairmen |