Page:United States Statutes at Large Volume 93.djvu/1379

 PUBLIC LAW 96-187—JAN. 8, 1980

93 STAT. 1347

Commissioner to, the Congress, and by the principal campaign committee of such a candidate, shall be filed with the Clerk of the House of Representatives, who shall receive such designations, statements, and reports as custodian for the Commission. "(2) Designations, statements, and reports required to be filed under this Act by a candidate for the office of Senator, and by the principal campaign committee of such candidate, shall be filed with the Secretary of the Senate, who shall receive such designations, statements, and reports, as custodian for the Commission. "(3) The Clerk of the House of Representatives and the Secretary of the Senate shall forward a copy of any designation, statement, or report filed with them under this subsection to the Commission as soon as possible (but no later than 2 working days) after receiving such designation, statement, or report. "(4) All designations, statements, and reports required to be filed under this Act, except designations, statements, and reports filed in accordance with paragraphs (1) and (2), shall be filed with the Commission. "(5) The Clerk of the House of Representatives and the Secretary of Public inspection the Senate shall make the designations, statements, and reports copying. and received under this subsection available for public inspection and copying in the same manner as the Commission under section 311(a)(4), and shall preserve such designations, statements, and Post, p. 1362. reports in the same manner as the Commission under section 311(a)(5). "(h)(1) Each political committee shall designate one or more State Campaign banks, federally chartered depository institutions, or depository insti- depositories, tutions the deposits or accounts of which are insured by the Federal designation. Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, or the National Credit Union Administration, as its campaign depository or depositories. Each political committee shall maintain at least one checking account and such other accounts as the committee determines at a depository designated by such committee. All receipts received by such committee shall be deposited in such accounts. No disbursements may be made (other than petty cash disbursements under paragraph (2)) by such committee except by check drawn on such accounts in accordance with this section. "(2) A political committee may maintain a petty cash fund for Petty cash fund disbursements not in excess of $100 to any person in connection with a single purchase or transaction. A record of all petty cash disbursements shall be maintained in accordance with subsection (c)(5). "(i) When the treasurer of a political committee shows that best efforts have been used to obtain, maintain, and submit the information required by this Act for the political committee, any report or any records of such committee shall be considered in compliance with this Act or chapter 95 or chapter 96 of the Internal Revenue Code of 26 USC 9001 et 1954.". REGISTRATION OF POLITICAL COMMITTEES; STATEMENTS

seq., 9031 et seq.

SEC. 103. Section 303 of the Act (2 U.S.C. 433) is amended to read as follows: REGISTRATION OF POLITICAL COMMITTEES; STATEMENTS

"SEC. 303. (a) Each authorized campaign committee shall file a statement of organization no later than 10 days after designation pursuant to section 302(e)(1). Each separate segregated fund established under the provisions of section 316(b) shall file a statement of

Organizational statements. Ante, p. 1345. Post, p. 1354.

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