On the recordSeptember 10, 1998
the approach in this amendment is a straightforward, two tiered one that only applies to advertisements that constitute the most blatant form of electioneering. It only applies to ads run on radio or television, 30 days before a primary and 60 days before a general election, that identify a federal candidate. And only if over $10,000 is spent on such ads in a year. What is required is disclosure of the ads' sponsor and major donors, and a prohibition on the use of union dues or corporate treasury funds to finance the ads. We called this new category ``electioneering ads''. They are the only communications addressed, and we define them very narrowly and carefully. If the ad is not run on television or radio; if the ad is not aired within 30 days of a primary or 60 days of a general election, if the ad doesn't mention a candidate's name or otherwise identify him clearly, if it isn't targeted at the candidate's electorate, or if a group hasn't spent more than $10,000 in that year on these ads, then it is not an electioneering ad.
Source
govinfo.gov




