organization of political committees; principal campaign committee

organization of political committees; principal campaign committee Sec. 202. (a) (1) Section 302(b) of the Federal Election Campaign Act of 1971, relating to reports of contributions in excess of $10, is amended by striking out “, the name and address (occupation and principal place of business, if any)” and inserting in lieu thereof “of the contribution and the identification”. (2) Section 302(c) of such Act, relating to detailed accounts, is amended by striking out “full name and mailing address (occupation and the principal place of business, if any)” in paragraphs (2) and (4) and inserting in lieu thereof in each such paragraph “identification”. (3) Section 302(c) of such Act is further amended by striking out the semicolon at the end of paragraph (2) and inserting in lieu thereof “and, if a person’s contributions aggregate more than $100, the account shall include occupation, and the principal place of business (if any) ;”. (b) Section 302(f) of such Act is amended to read as follows: “(f) (1) Each individual who is a candidate for Federal office (other than the office of Vice President of the United States) shall designate a political committee to serve as his principal campaign committee. No political committee may be designated as the principal campaign committee of more than one candidate, except that the candidate for the office of President of the United States nominated by a political party may designate the national committee of such political party as his principal campaign committee. Except as provided in the preceding sentence, no political committee which supports more than one candidate may be designated as a principal campaign committee. “(2) Notwithstanding any other provision of this title, each report or statement of contributions received or expenditures made by a political committee (other than a principal campaign committee)88 Stat. 1276 which is required to be filed with the Commission under this title shall be filed instead with the principal campaign committee for the candidate on whose behalf such contributions are accepted or such expenditures are made. “(3) It shall be the duty of each principal campaign committee to receive all reports and statements required to be filed with it under paragraph (2) of this subsection and to compile and file such reports and statements, together with its own reports and statements, with the Commission in accordance with the provisions of this title.”.