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Code · BILL · 116th Congress · S. 2232 (Introduced in Senate) — To amend the Federal Election Campaign Act of 1971 to reduce the number of members of the Federal Election Commission... · Sec. 5

Sec. 5. Restoring the Commission's random audit authority

180 words·~1 min read·/bill/116/s/2232/is/section-5

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Section 311(b) of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30111(a) ) is amended to read as follows: The Commission shall conduct audits and field investigations of not less than 10 percent of political committees required to file a report under section 304 of this Act. Such audits and field investigations shall be conducted proportionally among— authorized committees of candidates; political committees established and maintained by political parties; political committees not described in subparagraph
(A)or
(B)that accepts donations or contributions that do not comply with the limitations, prohibitions, and reporting requirements of this Act; and political committees not described in subparagraph (A), (B), or (C). All audits and field investigations concerning the verification for, and receipt and use of, any payments received by a candidate or committee under chapter 95 or chapter 96 of the Internal Revenue Code of 1986 shall be given priority. The Commission shall establish materiality thresholds with respect to the enforcement of a violation of any provision of this Act which is discovered during an audit conducted under this subsection. .
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Sec. 5
Restoring the Commission's random audit authority
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