On the recordJuly 6, 2016
My amendment would prohibit funds being used by the FEC to enforce the prior approval requirement for trade associations. The prior approval requirement is the requirement that trade associations must acquire written approval for Member corporations to solicit PAC donations. They must further require stockholders and member companies to only contribute to one trade association. It is a requirement in the FEC laws that is unique amongst all PACs only to those that are trade association-related PACs. So, therefore, the objective of the amendment is to say, out of all of the PACs out there, we do not need to treat trade associations specially. We should treat everybody the same, all PACs, including trade associations. It was a result of a law that was passed in 1978 which, I would submit to you, for the last 38 years, has been a solution in search of a problem.
