Reporting on candidate forms
House and Senate committees report making debt payments in the “Operating Expenditures” category on Form 3 and itemize them on Schedule B, supporting Line 17.
In addition, the payment will also be disclosed on Schedule D as a “payment this period.” The debt’s outstanding balance at the end of the reporting period will be reduced by the payment amount. The debt will be continuously reported on Schedule D until is completely paid off.
Note that when the committee itemizes a payment to a credit card company, payroll company, or reimburses a committee staff member (including the candidate), the committee must also itemize a memo entry for any original vendor for whom payments exceed the $200 threshold during the election cycle. The memo entry on Schedule B must include the name and address of the vendor, the purpose of the disbursement and the amount of the disbursement.
Reporting with FECFile
To enter a debt payment, go to the Loans/Debts tab, right click on the debt you are paying and select ”Loan/Debt payments.” In the “Loan/Debts payments” window, choose “Add new…” This will add the payment to Schedule D as well as disclose the payment as an operating expenditure on Schedule B, supporting Line 17.