Page:United States Statutes at Large Volume 121.djvu/765

 121 STAT. 744

2 USC 1604 note.

PUBLIC LAW 110–81—SEPT. 14, 2007

officer or employee of either House of Congress with knowledge that receipt of the gift would violate rule XXXV of the Standing Rules of the Senate or rule XXV of the Rules of the House of Representatives. ‘‘(2) DEFINITION.—In this subsection, the term ‘leadership PAC’ has the meaning given such term in section 304(i)(8)(B) of the Federal Election Campaign Act of 1971.’’. (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall apply with respect to the first semiannual period described in section 5(d)(1) of the Lobbying Disclosure Act of 1995 (as added by this section) that begins after the date of the enactment of this Act and each succeeding semiannual period. (c) REPORT ON REQUIRING QUARTERLY REPORTS.—The Clerk of the House of Representatives and the Secretary of the Senate shall submit a report to the Congress, not later than 1 year after the date on which the first reports are required to be made under section 5(d) of the Lobbying Disclosure Act of 1995 (as added by this section), on the feasibility of requiring the reports under such section 5(d) to be made on a quarterly, rather than a semiannual, basis. (d) SENSE OF CONGRESS.—It is the sense of the Congress that after the end of the 2-year period beginning on the day on which the amendment made by subsection (a) of this section first applies, the reports required under section 5(d) of the Lobbying Disclosure Act of 1995 (as added by this section) should be made on a quarterly basis if it is practicably feasible to do so. SEC. 204. DISCLOSURE OF BUNDLED CONTRIBUTIONS.

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(a) DISCLOSURE.—Section 304 of the Federal Election Campaign Act of 1971 (2 U.S.C. 434) is amended by adding at the end the following new subsection: ‘‘(i) DISCLOSURE OF BUNDLED CONTRIBUTIONS.— ‘‘(1) REQUIRED DISCLOSURE.—Each committee described in paragraph (6) shall include in the first report required to be filed under this section after each covered period (as defined in paragraph (2)) a separate schedule setting forth the name, address, and employer of each person reasonably known by the committee to be a person described in paragraph (7) who provided 2 or more bundled contributions to the committee in an aggregate amount greater than the applicable threshold (as defined in paragraph (3)) during the covered period, and the aggregate amount of the bundled contributions provided by each such person during the covered period. ‘‘(2) COVERED PERIOD.—In this subsection, a ‘covered period’ means, with respect to a committee— ‘‘(A) the period beginning January 1 and ending June 30 of each year; ‘‘(B) the period beginning July 1 and ending December 31 of each year; and ‘‘(C) any reporting period applicable to the committee under this section during which any person described in paragraph (7) provided 2 or more bundled contributions to the committee in an aggregate amount greater than the applicable threshold. ‘‘(3) APPLICABLE THRESHOLD.— ‘‘(A) IN GENERAL.—In this subsection, the ‘applicable threshold’ is $15,000, except that in determining whether

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