< Back to H.R. 3492 (110th Congress, 2007–2009)

Text of the PAC Fairness Act of 2007

This bill was introduced on September 6, 2007, in a previous session of Congress, but was not enacted. The text of the bill below is as of Sep 6, 2007 (Introduced).

Source: GPO

I

110th CONGRESS

1st Session

H. R. 3492

IN THE HOUSE OF REPRESENTATIVES

September 6, 2007

introduced the following bill; which was referred to the Committee on House Administration

A BILL

To amend the Federal Election Campaign Act of 1971 to increase the limits on the amount of contributions that may be made to political committees and to provide for the indexing of such limits for all contributions made under the Act, and for other purposes.

1.

Short Title

This Act may be cited as the PAC Fairness Act of 2007.

2.

Increase in Contribution Limits for Political Committees

(a)

Contributions to Political Committees

Section 315(a)(1)(C) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441a(a)(1)(C)) is amended by striking $5,000 and inserting $7,500.

(b)

Contributions Made by Multicandidate Committees

Section 315(a)(2) of such Act (2 U.S.C. 441a(a)(2)) is amended—

(1)

in subparagraph (A), by striking $5,000 and inserting $7,500;

(2)

in subparagraph (B), by striking $15,000 and inserting $25,000; and

(3)

in subparagraph (C), by striking $5,000 and inserting $7,500.

3.

Indexing of all Contribution Limits

(a)

In General

Section 315(c)(1)(B) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441a(c)(1)(B)) is amended to read as follows:

(B)

Except as provided in subparagraph (C)—

(i)

in any calendar year after 2002—

(I)

a limitation established by subsection (a)(1)(A), (a)(1)(B), (b), or (h) shall be increased by the percent difference under subparagraph (A),

(II)

each amount so increased shall remain in effect for the calendar year, and

(III)

if any amount after the adjustment made under subclause (I) is not a multiple of $100, such amount shall be rounded to the nearest multiple of $100; and

(ii)

in any calendar year after 2008—

(I)

a limitation established by subsection (a)(1)(C), (a)(1)(D), or (a)(2) shall be increased by the percent difference under subparagraph (A),

(II)

each amount so increased shall remain in effect for the calendar year, and

(III)

if any amount after the adjustment made under subclause (I) is not a multiple of $100, such amount shall be rounded to the nearest multiple of $100.

.

(b)

Period of Increase

Section 315(c)(1)(C) of such Act (2 U.S.C. 441a(c)(1)(C)), as amended by section 2(b)(1), is amended by striking subsections (a)(1)(A), (a)(1)(B), and (h) and inserting subsections (a) and (h).

(c)

Determination of Base Year

Section 315(c)(2)(B) of such Act (2 U.S.C. 441a(c)(2)(B)) is amended—

(1)

by striking and at the end of clause (i);

(2)

by striking the period at the end of clause (ii) and inserting ; and; and

(3)

by adding at the end the following new clause:

(iii)

for purposes of subsections (a)(1)(C), (a)(1)(D), and (a)(2), calendar year 2007.

.

4.

Expanding Ability of Corporations and Labor Organizations to Communicate With Members

(a)

Types of Communications Permitted

Section 316(b)(4)(B) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441b(b)(4)(B)) is amended by striking only by mail addressed and inserting only by communications addressed or otherwise delivered.

(b)

Solicitations by Trade Associations

Section 316(b)(4)(D) of such Act (2 U.S.C. 441b(b)(4)(D)) is amended by striking to the extent that and all that follows and inserting a period.

5.

Effective Date

The amendments made by this Act shall apply with respect to elections held after December 2007.