April 14, 2014 •
Proposed U.S. Legislation Would Require 48 Hour Disclosure of Contributions of More Than $1,000
U.S. Sen. Angus King and Rep. Beto O’Rourke have introduced legislation requiring all political committees to disclose contributions of more than $1,000 within 48 hours.
House Resolution 4397 and Senate Bill 2207, which were introduced on April 3, and House Resolution 4442, which was introduced on April 9, mandate the same threshold and disclosure requirements. The bills also apply the 48 hour reporting requirement to transfers of funds from joint fundraising committees.
King, in his weekly YouTube address, made clear this legislation is in reaction to the April 2 U.S. Supreme Court decision in McCutcheon v. Federal Election Commission, which found aggregate contribution limits unconstitutional.
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