April 5, 2006(Key vote)
Title: 527 Reform Act of 2005
Vote Smart's Synopsis:
Vote to pass a bill that requires specific political 527 organizations to follow restrictions of the Federal Election Campaign Act of 1971 and ends limits on party spending for candidates during a general election.
Adds 527 organizations to the definition of a political committee, therefore capping individual contributions at $5,000 (Sec. 2).
Excludes 527 organizations whose activities focus exclusively on candidates for state or local office, or ballot initiatives (Sec. 2).
Limits the amount a single individual can donate to the non-Federal account of a 527 organization that also has a Federal account to $25,000 (Sec. 3).
Repeals limits on party expenses for a candidate in general elections (Sec. 4).
Allows challenges to this law on constitutional grounds to be heard by three judges in the United State District Court for the District of Columbia (Sec. 6).