|For Immediate Release||Contact:||Judith Ingram|
|February 13, 2015||Julia Queen|
FEC Issues Interim Reporting Guidance for National Party Committee Accounts
Washington—The Federal Election Commission today issued interim reporting guidance for national party committee accounts.
On December 16, 2014, President Obama signed into law the Consolidated and Further Continuing Appropriations Act, 2015 (H.R. 83). Provisions of that law enable national party committees to establish accounts to defray certain expenses incurred with respect to:
Until the Commission adopts new regulations, national party committees that establish such accounts should report the activities of those accounts as described below.
Although party committees normally disclose their contributions on Form 3X, Line 11(a), the Commission''''s forms currently do not provide a clear way to distinguish between contributions deposited into the committees'''' separate accounts. Thus, as described below, national party committees should report the contributions deposited into their presidential nominating convention, national party headquarters buildings, or election recounts and contests and other legal proceedings accounts as "other federal receipts," with the appropriate descriptions. Similarly, the committees should report expenditures from these accounts as "other federal operating expenditures" or "other disbursements" (depending upon the account, as explained below), with the appropriate descriptions.
Interim Reporting Instructions
Report all receipts and disbursements for all accounts pursuant to the Federal Election Campaign Act of 1971, as amended, and Commission regulations. See 52 U.S.C. § 30104 (formerly 2 U.S.C. § 434); 11 CFR Part 104.
Presidential Nominating Convention Account (“Convention Account”)
National Party Headquarters Buildings Account (“Headquarters Account”)
Election Recounts and Contests and Other Legal Proceedings Account (“Recount Account”)
Political committees with specific questions regarding their reporting obligations may contact the Reports Analysis Division at (800) 424-9530 (at the prompt, press 5). Others may contact the Information Division at (800) 424-9530.
The Federal Election Commission (FEC) is an independent regulatory agency that administers and enforces federal campaign finance laws. The FEC has jurisdiction over the financing of campaigns for the U.S. House of Representatives, the U.S. Senate, the Presidency and the Vice Presidency. Established in 1975, the FEC is composed of six Commissioners who are nominated by the President and confirmed by the U.S. Senate.
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