Political Quotes

On the recordAugust 2, 2007
The bill requires candidate committees, political party committees, and leadership PACs to report contributions bundled by lobbyists if those contributions total more than $15,000 in a 6-month period. Persons whose bundling has to be reported include individuals, lobbying firms, or lobbying organizations registered or listed on registrations filed under the Lobbying Disclosure Act and political committees established or administered by each registrant or individual listed lobbyist. These persons also include any agent acting on behalf of a registered lobbyist, lobbying firm, or lobbying organization. Thus, if the CEO of a lobbying organization is raising money as an agent of the organization, his activities are covered by the legislation and must be reported. But employees of a lobbying organization, including a CEO, who are not lobbyists listed on the organization's lobbying disclosure reports are not covered, unless they are acting as agents for the organization.
Said by
Barack Obama
Democratic · Illinois

Editor's note · Context

Discussing the requirements of a bill related to lobbying and campaign contributions.

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