Project Vote Smart

Legislation - Signed (Executive) - July 1, 2000

Legislation - Bill Passed (Senate) - June 29, 2000 (Key vote)

Title: '527' Political Groups

Vote Smart's Synopsis:

Vote to pass a bill that requires political organizations known as 527 organizations to disclose their political activities. A 527 organization falls under Section 527 of the tax code.

Highlight: -Requires 527 groups that raise over $25,000 per year to disclose donors and to report contributions of at least $200 and spending of at least $500 to the Federal Election Commission (FEC) -Requires new 527 groups to report their establishment within 24 hours to the Internal Revenue Service (IRS) -Penalizes 527 groups that do not make contributions and expenditures available to the public once the bill goes into effect -Allows existing 527 groups 30 days after the law's enactment to disclose information

Legislation - Bill Passed (House) - June 28, 2000 (Key vote)

Title: '527' Political Groups

Vote Smart's Synopsis:

Vote to pass a bill that requires political organizations known as 527 organizations to disclose their political activities. A 527 organization falls under Section 527 of the tax code.

Highlight: -Requires 527 groups that raise over $25,000 per year to disclose donors and to report contributions of at least $200 and spending of at least $500 to the Federal Election Commission (FEC) -Requires new 527 groups to report their establishment within 24 hours to the Internal Revenue Service (IRS) -Penalizes 527 groups that do not make contributions and expenditures available to the public once the bill goes into effect -Allows existing 527 groups 30 days after the law's enactment to disclose information

Note:

NOTE: THIS VOTE WAS TAKEN UNDER A SUSPENSION OF THE RULES TO CUT OFF DEBATE EARLY AND VOTE TO PASS THE BILL, THEREBY REQUIRING A TWO-THIRDS MAJORITY FOR PASSAGE.

Legislation - Introduced (House) - June 27, 2000

Title: '527' Political Groups