Page:United States Statutes at Large Volume 88 Part 1.djvu/1314

 1270

?8 USC'TgV.

PUBLIC LAW 93-443-OCT. 15, 1974

[88 STAT.

" (E) the payment by a State or local committee of a political party of the costs of preparation, display, or mailing or other distribution incurred by such committee with respect to a printed slate card or sample ballot, or other printed listing, of 3 or more candidates for any public office for which an election is held in the State in which such committee is organized, except that this clause shall not apply in the case of costs incurred by such committee with respect to a display of any such listing made on broadcasting stations, or in newspapers, magazines or other similar types of general public political advertising; to the extent that the cumulative value of activities by any person on behalf of any candidate under each of clauses (B), (C), and (D) does not exceed $500 with respect to any election;". (^) Paragraph (f) of such section 591, relating to the definition of expenditure, is amended to read as follows: "(f) 'expenditure'— "(1) means a purchase, payment, distribution, Joan, advance, deposit, or gift of money or anything of value (except a loan of money by a national or State bank made in accordance with the applicable banking laws and regulations and in the ordinary course of business), made for the purpose of influencing the nomination for election, or election, of any person to Federal office or for the purpose of influencing the results of a primary held for the selection of delegates to a national nominating convention of a political party or for the expression of a preference for the nomination of persons for election to the office of President of the United States; "(2) means a contract, promise, or agreement, express or implied, whether or not legally enforceable, to make any expenditure; and "(3) means the transfer of funds by a political committee to another political committee; but " (4) does not include— " (A) any news story, commentary, or editorial distributed through the facilities of any broadcasting station, newspaper, magazine, or other periodical publication, unless such facilities are owned or controlled by any political party, political committee, or candidate; " (B) nonpartisan activity designed to encourage individuals to register to vote or to vote; " (C) any communication by any membership organization or corporation to its members or stockholders, if such membership organization or corporation is not organized primarily for the purpose of influencing the nomination for election, or election, of any person to Federal office; " (D) the use of real or personal property and the cost of invitations, food, and beverages, voluntarily provided by an individual to a candidate in rendering voluntary personal services on the individual's residential premises for candidate-related activities; " (E) any unreimbursed payment for travel expenses made by an individual who on his own behalf volunteers his personal services to a candidate;

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