federal election campaign act amendments

federal election campaign act amendments Sec. 502. (a) Section 328 of the Federal Election Campaign Act of 1971 (2 U.S.C. 441i) is amended— (1) by inserting “(a)” immediately after “Sec. 328.”, and (2) by adding at the end thereof the following new subsections: “(b) If an honorarium payable to a person is paid instead at his request to a charitable organization selected by payor from a list of 5 or more charitable organizations provided by that person, that person shall not be treated, for purposes of subsection (a), as accepting that honorarium. For purposes of this subsection, the term ‘charitable organization’ means an organization described in section 170(c) of the Internal Revenue Code of 1954. “(c) For purposes of determining the aggregate amount of honorariums received by a person during any calendar year, amounts returned to the person paying an honorarium before the close of the calendar year in which it was received shall be disregarded. “(d) For purposes of paragraph (2) of subsection (a), an honorarium shall be treated as accepted only in the year in which that honorarium is received.”. (b) The amendments made by subsection (a) shall apply with respect to any honorarium received after December 31, 1976.