This is an amendment that simply states that when a political party, for instance, discovers all of a sudden that it has in its hands let us say $100,000 which it knows has an illegal source, my amendment would compel that organization to turn that money over to the FEC for a transitional position in which the FEC would determine the source, the nature of the illegality, and to see whether or not the IRS or the Attorney General or some law enforcement agency should be brought into the picture before that money is returned to the donor, as is the practice now. This would go a long way in bolstering our confidence that some illegal foreign source or some drug dealer who contributes grand sums of monies to a political party does not get the benefit twice, first of getting favor from a political party to which he makes a donation, and then when it is declared illegal, he gets the money back; he sort of launders his own money, as it were. What we would accomplish with my amendment would be to have a scrutiny placed upon that money before, and it may still be returned, before it be returned to the donor when it is found to be illegal.
Editor's note · Context
Discussing an amendment related to the handling of illegal campaign contributions.
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