Sen. Ron Wyden, D-Ore., and Lisa Murkowski, R-Alaska, proposed yesterday a campaign finance reform bill to address the influx of anonymous federal election spending. The Follow the Monday Act of 2013 includes the following provisions:
- requires the registration and reporting by any person/group who expends $10,000 or more on independent federal election activity. - requires real-time reporting and disclosure of contributions. - applies "Stand By Your Ad" requirements to independent persons/groups. - increases the threshold for disclose of contributions from $200 to $1,000. - requires Senate campaigns to file reports electronically. - requires Section 527 organizations to file disclosure reports with the Federal Election Commission. - requires the FEC and IRS to work together on enforcement regulations.
For more detail on the proposal, see Wyden press release.