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H.R. 3543 (105th): To amend the Federal Election Campaign Act of 1971 to prohibit a political committee from reimbursing a candidate for election for Federal office for amounts provided to the committee in support of the candidate’s campaign.


The text of the bill below is as of Mar 24, 1998 (Introduced). The bill was not enacted into law.


HR 3543 IH

105th CONGRESS

2d Session

H. R. 3543

To amend the Federal Election Campaign Act of 1971 to prohibit a political committee from reimbursing a candidate for election for Federal office for amounts provided to the committee in support of the candidate’s campaign.

IN THE HOUSE OF REPRESENTATIVES

March 24, 1998

Mrs. LINDA SMITH of Washington introduced the following bill; which was referred to the Committee on House Oversight


A BILL

To amend the Federal Election Campaign Act of 1971 to prohibit a political committee from reimbursing a candidate for election for Federal office for amounts provided to the committee in support of the candidate’s campaign.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. PROHIBITING REPAYMENT OF AMOUNTS LOANED TO POLITICAL COMMITTEE BY CANDIDATE.

    (a) IN GENERAL- Section 302 of the Federal Election Campaign Act of 1971 (2 U.S.C. 432) is amended by adding at the end the following new subsection:

    ‘(j) No political committee may reimburse a candidate for election for Federal office for any funds provided to the committee by the candidate or the candidate’s spouse in support of the candidate’s campaign in an aggregate amount of $10,000 or more during the election cycle involved.’.

    (b) EFFECTIVE DATE- The amendment made by subsection (a) shall apply with respect to elections occurring after January 1999.