NOTE: THIS IS A SUBSTITUTE AMENDMENT, WHICH REPLACES THE ENTIRE TEXT OF THE LEGISLATION WITH A NEW TEXT. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
Vote to invoke cloture on an amendment that modifies campaign finance laws by banning soft money contributions, requiring more extensive information to be available to the public, and regulating broadcast political communication.
Bans soft money contributions for federal elections.
Requires political committees and parties to report all receipts during the reporting period.
Requires the Federal Election Commission to maintain and file an electronic report regarding campaign contributions within 24 hours after the Commission receives information.
Authorizes the Federal Election Commission to conduct random audits to ensure voluntary compliance with the Act.
Requires all forms of political advertising to include the following statement: "XXX is responsible for the content of this advertisement," with the blank to be filled in by the person or committee paying for the advertisement.
Allows non-union members who are required to pay fees in lieu of union dues to obtain a refund of the portion of their fees used for political purposes.
Prohibits members of Congress from sending out franked mail during a year in which he or she is running for an election.
Bans campaign contributions from foreign nationals and minors.
Requires each person making a contribution for broadcast political communications of an aggregate amount over $10,000 to file a report with the Federal Election Commission containing the names of those contributing more than $500 to the organization, any coordination with a political party or committee, and identification information.
NOTE: INVOKING CLOTURE REQUIRES A 3/5 MAJORITY OF THE SENATE. IT IS NOT A VOTE ON THE PASSAGE OF THE PIECE OF LEGISLATION, BUT LIMITS FURTHER DEBATE TO 30 HOURS. CLOTURE IS TYPICALLY USED TO END A FILIBUSTER. A FAILED CLOTURE VOTE OFTEN PREVENTS THE LEGISLATION FROM EVER COMING TO A VOTE.