Federal Register: November 27, 2000 (Volume 65, Number 228)
DOCID: FR Doc 00-30152
FEDERAL ELECTION COMMISSION
Federal Election Commission
CFR Citation: 11 CFR Part 104
DOCUMENT ID: [Notice 2000-20]
NOTICE: RULES
ACTION: Reports by political committees:
DOCUMENT ACTION: Final rule; announcement of effective date.
SUBJECT CATEGORY:
Election Cycle Reporting by Authorized Committees
DATES: Effective January 1, 2001.
Applicability date: Reporting periods beginning on or after January 1, 2001.
DOCUMENT SUMMARY:
On July 11, 2000, the Commission published the text of revisions to the regulations requiring authorized committees of federal candidates to aggregate, itemize and report all receipts and disbursements on an electioncycle basis rather than on a calendar yeartodate basis. The Commission announces that these rules are effective as of January 1, 2001.
SUMMARY:
Election cycle reporting by authorized committees,
SUPPLEMENTAL INFORMATION
The Commission is announcing the effective date of revisions to the regulations at 11 CFR 104.3, 104.7, 104.8 and 104.9 requiring authorized committees of federal candidates to aggregate, itemize and report all receipts and disbursements on an electioncycle basis. See Explanation and Justification for Election Cycle Reporting by Authorized Committees, 65 FR 42619 (July 11, 2000). These rules implement a 1999 amendment to the Federal Election Campaign Act at 2 U.S.C. 434(b). Pub. L. 10658, 106th Cong. 1st Sess., sec. 641, 113 Stat. 430, 477 (1999). The statutory amendment and the regulations apply only to the authorized committees of federal candidates.
While the amendment required all types of disbursements including operating expenditures to be aggregated and reported on an election cycle basis, it does not require that each itemizable operating expenditure be reported on an electioncycle basis. Thus, the amendment could be interpreted to mean that operating expenditures would be reported on the summary pages on an electioncycle basis and itemized on Schedule B on a calendaryear basis. However, the Commission's final rules construed the statutory amendment to require all disbursements, including operating expenditures, to be both aggregated on the summary page and itemized on Schedule B on an electioncycle basis. The Commission believes this regulatory interpretation is necessary because it would be extremely burdensome, and possibly unworkable, for authorized committees to itemize these expenditures on a calendar year basis and, at the same time, report total amounts on an electioncycle todate basis in the same report.
Section 438(d) of Title 2, United States Code requires that any rules or regulations prescribed by the Commission to carry out the provisions of Title 2 of the United States Code be transmitted to the Speaker of the House of Representatives and the President of the Senate thirty legislative days prior to final promulgation. These rules were transmitted to Congress July 6, 2000. Thirty legislative days expired in the Senate on September 26, 2000, and the House of Representatives on October 3, 2000.
The Commission also revised its forms, specifically the Detailed
Summary Page and Schedule B for FEC Forms 3 and 3P, to facilitate the
reporting of all expenditures by authorized committees on an election
cycle basis. In accordance with 2 U.S.C. 438(d), these forms were
transmitted to Congress on September 15, 2000, and ended their ten
legislative day period on September 29, 2000, in the House of
Representatives and on October 2, 2000, in the Senate. The revised
forms will also be used for reporting periods beginning on or after January 1, 2001.
Dated: November 21, 2000.
Danny L. McDonald,
Vice Chairman, Federal Election Commission.
[FR Doc. 0030152 Filed 112400; 8:45 am]
BILLING CODE 671501P
FOR FURTHER INFORMATION CONTACT
Ms. Rosemary C. Smith, Assistant General Counsel, or Ms. Cheryl A. Fowle, Attorney, 999 E Street, NW., Washington, DC 20463, (202) 6941650 or toll free (800) 4249530.