Political Quotes

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Insert after section 8014 the following: SEC. 8015. LEGAL DEFENSE FUNDS. (a) Definitions.--In this section-- (1) the term ``Director'' means the Director of the Office of Government Ethics; (2) the term ``legal defense fund'' means a trust-- (A) that has only one beneficiary; (B) that is subject to a trust agreement creating an enforceable fiduciary duty on the part of the trustee to the beneficiary, pursuant to the applicable law of the jurisdiction in which the trust is established; (C) that is subject to a trust agreement that provides for the mandatory public disclosure of all donations and disbursements; (D) that is subject to a trust agreement that prohibits the use of its resources for any purpose other than-- (i) the administration of the trust; (ii) the payment or reimbursement of legal fees or expenses incurred in investigative, civil, criminal, or other legal proceedings relating to or arising by virtue of service by the trust's beneficiary as an officer or employee, as defined in this section, or as an employee, contractor, consultant or volunteer of the campaign of the President or Vice President; or (iii) the distribution of unused resources to a charity selected by the trustee that has not been selected or recommended by the beneficiary of the trust; (E) that is subject to a trust agreement that prohibits the use of its…”