SOFTWARE FOR FILING REPORTS AND PROMIT DISCLOSURE OF CONTRIBUTIONS.

SEC. 306. SOFTWARE FOR FILING REPORTS AND PROMIT DISCLOSURE OF CONTRIBUTIONS.Section 304(a) of the Federal Election Campaign Act of 1971 (2 U.S.C. 434(a)) is amended by adding at the end the following: “(12) Software for filing of reports “(A) In general.—The Commission shall— “(i) promulgate standards to be used by vendors to develop software that— “(I) permits candidates to easily record information concerning receipts and disbursements required to be reported under this Act at the time of the receipt or disbursement; “(II) allows the information recorded under subclause (I) to be transmitted immediately to the Commission; and “(III) allows the Commission to post the information on the Internet immediately upon receipt; and “(ii) make a copy of software that meets the standards promulgated under clause (i) available to each person required to file a designation, statement, or report in electronic form under this Act. “(B) Additional information.—To the extent feasible, the Commission shall require vendors to include in the software developed under the standards under subparagraph (A) the ability for any person to file any designation, statement, or report required under this Act in electronic form. “(C) Required use.—Notwithstanding any provision of this Act relating to times for filing reports, each candidate for Federal office (or that candidate's authorized committee) shall use software that meets the standards promulgated under this paragraph once such software is made available to such candidate. “(D) Required posting.—The Commission shall, as soon as practicable, post on the Internet any information received under this paragraph.”.