Summary of the DISCLOSE Act
Major Provisions of H.R. 5175
The following is a summary of H.R. 5175, the Democracy Is Strengthened by Casting Light on Spending in Elections (DISCLOSE Act), as passed by the House of Representatives, amended, on June 24, 2010. Regulation of Certain Political Spending Amends the Federal Election Campaign Act of 1971 (FECA) to prohibit: independent expenditures and payments for electioneering communications by government contractors if the value of the contract is at least $10 million; recipients of assistance under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) from making any contribution to any political party, committee, or candidate…
