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Code · BILL · 115th Congress · S. 3735 (Introduced in Senate) — To protect freedom of speech in America’s electoral process and ensure transparency in campaign finance. · Sec. 3

Sec. 3. 24-hour notification required for all direct contributions to candidates

230 words·~1 min read·/bill/115/s/3735/is/section-3

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Section 304(a)(6)(A) of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30104(a)(6)(A) ) is amended to read as follows: If a candidate receives an aggregate amount of contributions in excess of $200 from any contributor during a calendar year, the principal campaign committee of such candidate shall submit to the Secretary or the Commission, and the Secretary of State, as appropriate, in writing, a notification containing the name of the candidate and office sought by the candidate, the identification of the contributor, and the date of the receipt and amount of the contribution.
If, at any time after a candidate is required to submit a notification under this subparagraph with respect to a contributor during a calendar year, the candidate receives additional contributions from that contributor during that year, the principal campaign committee of the candidate shall submit an additional notification under clause
(i)with respect to such contributor. The principal campaign committee of the candidate shall submit the notification required under this subparagraph with respect to a contributor— in the case of a notification described in clause (i), not later than 24 hours after the date on which the aggregate amount of contributions received from the contributor during the calendar year exceeds $200; or in the case of an additional notification described in clause (ii), not later than 24 hours after the date of the contribution. .
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Sec. 3
24-hour notification required for all direct contributions to candidates
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