News Releases, Media Advisories
|For Immediate Release
November 25, 2002
|FEC COMPLETES SIXTH RULEMAKING IMPLEMENTING NEW CAMPAIGN FINANCE LAW|
|WASHINGTON The Federal Election Commission (FEC) today completed
action on the sixth rulemaking implementing the Bipartisan Campaign Reform Act (BCRA).
Commissioners approved 6-0 the rules implementing BCRA provisions regarding: disclaimers in political communications, fraudulent solicitations, civil penalties for knowing and willful violations of the ban on contributions in the name of another, personal use of campaign funds, and a technical amendment under the Federal Election Campaign Act of 1971.
Detailed information about BCRA rulemakings can be found at http://www.fec.gov/pages/bcra/rulemakings/rulemakings_bcra.htm.
The Commission has previously completed rules for BCRA provisions related to national, state, and local party activities (soft money), electioneering communications, Federal Communications Commission requirements related to electioneering communications, contribution limitations and prohibitions, and a reorganization of rules on contributions and expenditures.
Additional rulemakings regarding coordinated and independent expenditures, new reporting requirements, and the "millionaires amendment" provisions in the new law are scheduled to be completed by December 22 270 days from enactment of the legislation.
In conjunction with BCRA modifications, in the public session today (continued from November 21) the FEC approved by a vote of 5-1 a new rule that will permit campaign committees to pay a salary to the candidate. The provision restricts such payments to a pro-rata amount totaling the lesser of the candidates income during the year prior to becoming a candidate or the salary paid to those holding the office being sought. Any other income earned by a candidate would also be deducted from the maximum permissible to be paid by the campaign.
Presidential candidates who accept public funds would not, however, be eligible for these salary payments under existing provisions of the public funding statute.
The Commission also voted 5-1 to approve a new rule regarding disclaimers required on public communications. The amendment adds unsolicited electronic mail if more than 500 substantially similar messages are sent, along with websites of political committees available to the general public, to the list of public communications that must include a disclaimer identifying who paid for the communication.
Final rules regarding coordinated and independent expenditures are scheduled to be considered at the Commissions December 5 open meeting, followed by consideration of rules regarding consolidated reporting and interim rules on the millionaires amendment on December 12.