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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Mar 15, 2017.
Real Time Transparency Act of 2017
This bill amends the Federal Election Campaign Act of 1971 to revise the notification requirement for campaign contributions of $1,000 or more. The bill applies this requirement to any political committee, not just a candidate's principal campaign committee, regarding cumulative contributions (instead of single contributions) of $1,000 or more during a calendar year. Only the Federal Election Commission (FEC) must be notified, instead of the FEC and others.
Any amount transferred by a joint fundraising committee established by a candidate's authorized committee to any other authorized committee of that candidate shall be treated as a contribution.
Senate candidates must file designations, statements, and reports directly with the FEC instead of via the Senate.