text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``Advancing Truth and Accountability 
  in Campaign Communications Act of 2001''.
  
  SEC. 2. DISCLOSURE OF ELECTIONEERING COMMUNICATIONS.
  
      Section 304 of the Federal Election Campaign Act of 1971 (2 U.S.C. 
  434) is amended by adding at the end the following:
      ``(e) Additional Statements on Electioneering Communications.--
              ``(1) Statement required.--Every person who makes a 
          disbursement for electioneering communications in an aggregate 
          amount in excess of $10,000 during any calendar year shall, 
          within 24 hours of each disclosure date, file with the 
          Commission a statement containing the information described in 
          paragraph (2).
              ``(2) Contents of statement.--Each statement required to be 
          filed under this subsection shall be made under penalty of 
          perjury and shall contain the following information:
                      ``(A) The identification of--
                              ``(i) the person making the disbursement;
                              ``(ii) any entity sharing or exercising 
                          direction or control over the activities of 
                          such person; and
                              ``(iii) the custodian of the books and 
                          accounts of the person making the disbursement.
                      ``(B) The State of incorporation and the principal 
                  place of business of the person making the 
                  disbursement.
                      ``(C) The amount of each disbursement during the 
                  period covered by the statement and the identification 
                  of the person to whom the disbursement was made.
                      ``(D) The elections to which the electioneering 
                  communications pertain and the names (if known) of the 
                  candidates identified or to be identified.
                      ``(E) If the disbursements were paid out of a 
                  segregated account to which only individuals could 
                  contribute, the names and addresses of all contributors 
                  who contributed an aggregate amount of $500 or more to 
                  that account during the period beginning on the first 
                  day of the preceding calendar year and ending on the 
                  disclosure date.
                      ``(F) If the disbursements were paid out of funds 
                  not described in subparagraph (E), the names and 
                  addresses of all contributors who contributed an 
                  aggregate amount of $500 or more to the organization or 
                  any related entity during the period beginning on the 
                  first day of the preceding calendar year and ending on 
                  the disclosure date.
                      ``(G) Whether or not any electioneering 
                  communication is made in coordination, cooperation, 
                  consultation, or concert with, or at the request or 
                  suggestion of, any candidate or any authorized 
                  committee, any political party or committee, or any 
                  agent of the candidate, political party, or committee 
                  and if so, the identification of any candidate, party, 
                  committee, or agent involved.
              ``(3) Electioneering communication defined.--For purposes 
          of this subsection--
                      ``(A) In general.--The term `electioneering 
                  communication' means any broadcast from a television or 
                  radio broadcast station that--
                              ``(i) refers to a clearly identified 
                          candidate for Federal office;
                              ``(ii) is made (or scheduled to be made) 
                          within--
                                      ``(I) 60 days before a general, 
                                  special, or runoff election for such 
                                  Federal office; or
                                      ``(II) 30 days before a primary or 
                                  preference election, or a convention or 
                                  caucus of a political party that has 
                                  authority to nominate a candidate, for 
                                  such Federal office; and
                              ``(iii) is broadcast from a television or 
                          radio broadcast station whose audience includes 
                          the electorate for such election, convention, 
                          or caucus.
                      ``(B) Exceptions.--Such term shall not include--
                              ``(i) communications appearing in a news 
                          story, commentary, or editorial distributed 
                          through the facilities of any broadcasting 
                          station, unless such facilities are owned or 
                          controlled by any political party, political 
                          committee, or candidate; or
                              ``(ii) communications which constitute 
                          expenditures or independent expenditures under 
                          this Act.
              ``(4) Disclosure date defined.--For purposes of this 
          subsection, the term `disclosure date' means--
                      ``(A) the first date during any calendar year by 
                  which a person has made disbursements for 
                  electioneering communications aggregating in excess of 
                  $10,000; and
                      ``(B) any other date during such calendar year by 
                  which a person has made disbursements for 
                  electioneering communications aggregating in excess of 
                  $10,000 since the most recent disclosure date for such 
                  calendar year.
              ``(5) Contracts to disburse.--For purposes of this 
          subsection, a person shall be treated as having made a 
          disbursement if the person has contracted to make the 
          disbursement.
              ``(6) Coordination with other requirements.--Any 
          requirement to report under this subsection shall be in 
          addition to any other reporting requirement under this Act.''.
  
  SEC. 3. COORDINATED COMMUNICATIONS AS CONTRIBUTIONS.
  
      Section 315(a)(7)(B) of the Federal Election Campaign Act of 1971 
  (2 U.S.C. 441a(a)(7)(B)) is amended by inserting after clause (ii) the 
  following:
                              ``(iii) if--
                                      ``(I) any person makes, or 
                                  contracts to make, any payment for any 
                                  electioneering communication (as 
                                  defined in section 304(e)(3)); and
                                      ``(II) such payment is coordinated 
                                  with a candidate for Federal office or 
                                  an authorized committee of such 
                                  candidate, a Federal, State, or local 
                                  political party or committee thereof, 
                                  or an agent or official of any such 
                                  candidate, party, or committee,
                          such payment or contracting shall be treated as 
                          a contribution to such candidate and as an 
                          expenditure by such candidate; and''.
  
  SEC. 4. PROHIBITION OF CORPORATE AND LABOR DISBURSEMENTS FOR 
                ELECTIONEERING COMMUNICATIONS.
  
      (a) In General.--Section 316(b)(2) of the Federal Election Campaign 
  Act of 1971 (2 U.S.C. 441b(b)(2)) is amended by inserting ``or for any 
  applicable electioneering communication'' before ``, but shall not 
  include''.
      (b) Applicable Electioneering Communication.--Section 316 of such 
  Act is amended by adding at the end the following:
      ``(c) Rules Relating to Electioneering Communications.--
              ``(1) Applicable electioneering communication.--For 
          purposes of this section, the term `applicable electioneering 
          communication' means an electioneering communication (as 
          defined in section 304(e)(3)) that is made by--
                      ``(A) any entity to which subsection (a) applies 
                  other than a section 501(c)(4) organization; or
                      ``(B) a section 501(c)(4) organization if such 
                  communication is paid for using amounts derived from 
                  the conduct of a trade or business or from an entity 
                  described in subparagraph (A).
              ``(2) Special operating rules.--For purposes of paragraph 
          (1), the following rules shall apply:
                      ``(A) An electioneering communication shall be 
                  treated as made by an entity described in paragraph 
                  (1)(A) if--
                              ``(i) the entity described in paragraph 
                          (1)(A) directly or indirectly disburses any 
                          amount for any of the costs of the 
                          communication; or
                              ``(ii) any amount is disbursed for the 
                          communication by a corporation or organization 
                          or a State or local political party or 
                          committee thereof that receives anything of 
                          value from the entity described in paragraph 
                          (1)(A), except that this clause shall not apply 
                          to any communication the costs of which are 
                          defrayed entirely out of a segregated account 
                          to which only individuals can contribute.
                      ``(B) A section 501(c)(4) organization that derives 
                  amounts from business activities or from any entity 
                  described in paragraph (1)(A) shall be considered to 
                  have paid for any communication out of such amounts 
                  unless such organization paid for the communication out 
                  of a segregated account to which only individuals can 
                  contribute.
              ``(3) Definitions and rules.--For purposes of this 
          subsection--
                      ``(A) the term `section 501(c)(4) organization' 
                  means--
                              ``(i) an organization described in section 
                          501(c)(4) of the Internal Revenue Code of 1986 
                          and exempt from taxation under section 501(a) 
                          of such Code; or
                              ``(ii) an organization which has submitted 
                          an application to the Internal Revenue Service 
                          for determination of its status as an 
                          organization described in clause (i); and
                      ``(B) a person shall be treated as having made a 
                  disbursement if the person has contracted to make the 
                  disbursement.
              ``(4) Coordination with internal revenue code.--Nothing in 
          this subsection shall be construed to authorize an organization 
          exempt from taxation under section 501(a) of the Internal 
          Revenue Code of 1986 from carrying out any activity which is 
          prohibited under such Code.''.
target: Advancing Truth and Accountability in Campaign Communications Act of 2001 - Amends the Federal Election Campaign Act of 1971 to require the filing of a report with the Commissioner of the Federal Election Commission within 24 hours of each date during a calendar year (disclosure date) on which disbursements for electioneering communications exceed an aggregate of $10,000. Defines "electioneering communications" as certain communications broadcast from either a television or radio station that refer to a clearly identified candidate for Federal office.Provides that if any person makes, or contracts to make, any payment for any electioneering communication, and such payment is coordinated with a candidate for Federal office or an authorized committee of such candidate, a Federal, State, or local political party or committee thereof, or an agent or official of any such candidate, party, or committee, then such payment or contracting shall be treated as a contribution to and an expenditure by such candidate.Prohibits, in general, corporate and labor disbursements for applicable electioneering communications.
feat_title: A bill to amend the Federal Election Campaign Act of 1971 to require disclosure of certain disbursements made for electioneering communications, and for other purposes..