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52 U.S.C. § 30103 — Registration of political committees

submitted 54 years ago by Pub. L. 92-225 to r/title-52-VOTING-AND-ELECTIONS · 345 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section requires political committees to file organization statements and updates. It sets their required contents and termination rules.

(a) Organization statements. — Each authorized campaign committee must file its organization statement within 10 days after designation under section 30102(e)(1). Each separate segregated fund under section 30118(b) must file within 10 days after it is established. Every other committee must file within 10 days after becoming a political committee under section 30101(4). (b) Contents. — The statement must list: (1) the committee’s name, address, and type; (2) each connected organization or affiliated committee’s name, address, relationship, and type; (3) the name, address, and position of the book-and-account custodian; (4) the treasurer’s name and address; (5) if candidate-authorized, the candidate’s name, address, office sought, and party; and (6) every bank, safe-deposit box, or other depository used. (c) Changes. — A change in previously filed information must be reported under section 30102(g) within 10 days after the change. (d) Termination. — (1) A committee may terminate only by filing a written statement under section 30102(g) saying it will no longer receive contributions or make disbursements and has no outstanding debts or obligations. (2) This does not limit the Commission’s authority to establish procedures for (A) deciding whether a committee is insolvent; (B) orderly liquidation of an insolvent committee and use of its assets to reduce debts; or (C) terminating it after that liquidation and use of assets.

the actual law source: uscode.house.gov ↗public domain
(a) Statements of organizations

Each authorized campaign committee shall file a statement of organization no later than 10 days after designation pursuant to section 30102(e)(1) of this title. Each separate segregated fund established under the provisions of section 30118(b) of this title shall file a statement of organization no later than 10 days after establishment. All other committees shall file a statement of organization within 10 days after becoming a political committee within the meaning of section 30101(4) of this title.

(b) Contents of statements

The statement of organization of a political committee shall include—

(1)

the name, address, and type of committee;

(2)

the name, address, relationship, and type of any connected organization or affiliated committee;

(3)

the name, address, and position of the custodian of books and accounts of the committee;

(4)

the name and address of the treasurer of the committee;

(5)

if the committee is authorized by a candidate, the name, address, office sought, and party affiliation of the candidate; and

(6)

a listing of all banks, safety deposit boxes, or other depositories used by the committee.

(c) Change of information in statements

Any change in information previously submitted in a statement of organization shall be reported in accordance with section 30102(g) of this title no later than 10 days after the date of the change.

(d) Termination, etc., requirements and authorities
(1)

A political committee may terminate only when such a committee files a written statement, in accordance with section 30102(g) of this title, that it will no longer receive any contributions or make any disbursements and that such committee has no outstanding debts or obligations.

(2)

Nothing contained in this subsection may be construed to eliminate or limit the authority of the Commission to establish procedures for—

(A)

the determination of insolvency with respect to any political committee;

(B)

the orderly liquidation of an insolvent political committee, and the orderly application of its assets for the reduction of outstanding debts; and

(C)

the termination of an insolvent political committee after such liquidation and application of assets.

Source credit: (Pub. L. 92–225, title III, § 303, Feb. 7, 1972, 86 Stat. 14; Pub. L. 93–443, title II, §§ 203, 208(c)(3), Oct. 15, 1974, 88 Stat. 1276, 1286; Pub. L. 96–187, title I, § 103, Jan. 8, 1980, 93 Stat. 1347.)

history & why it existsrecord from the source credit
  • 1972Enacted · Pub. L. 92-225 · 86 Stat. 14
  • 1974Amended · Pub. L. 93-443 · 88 Stat. 1276, 1286
  • 1980Amended · Pub. L. 96-187 · 93 Stat. 1347

A history note hasn’t been published yet. The record shows enactment by Pub. L. 92-225 on 1972-02-07.

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