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HR 4762 - '527' Political Groups - National Key Vote

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See How Your Politicians Voted

Title: '527' Political Groups

Vote Smart's Synopsis:

Vote to pass a bill that requires political organizations known as 527 organizations to disclose their political activities. A 527 organization falls under Section 527 of the tax code.

Highlights:

  • Requires 527 groups that raise over $25,000 per year to disclose donors and to report contributions of at least $200 and spending of at least $500 to the Federal Election Commission (FEC).
  • Requires new 527 groups to report their establishment within 24 hours to the Internal Revenue Service (IRS).
  • Penalizes 527 groups that do not make contributions and expenditures available to the public once the bill goes into effect.
  • Allows existing 527 groups 30 days after the law's enactment to disclose information.

See How Your Politicians Voted

Title: '527' Political Groups

Vote Smart's Synopsis:

Vote to pass a bill that requires political organizations known as 527 organizations to disclose their political activities. A 527 organization falls under Section 527 of the tax code.

Highlights:

  • Requires 527 groups that raise over $25,000 per year to disclose donors and to report contributions of at least $200 and spending of at least $500 to the Federal Election Commission (FEC).
  • Requires new 527 groups to report their establishment within 24 hours to the Internal Revenue Service (IRS).
  • Penalizes 527 groups that do not make contributions and expenditures available to the public once the bill goes into effect.
  • Allows existing 527 groups 30 days after the law's enactment to disclose information.

NOTE: THIS VOTE WAS TAKEN UNDER A SUSPENSION OF THE RULES TO CUT OFF DEBATE EARLY AND VOTE TO PASS THE BILL, THEREBY REQUIRING A TWO-THIRDS MAJORITY FOR PASSAGE.

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