Russ Feingold: “Yes, the purpose of the bundling reporting provision is to get as much disclosure as possible of bundling by lobbyists.…”

“Yes, the purpose of the bundling reporting provision is to get as much disclosure as possible of bundling by lobbyists. In the provision, we have specifically asked the FEC to keep that purpose in mind as it promulgates regulations. The bill requires a committee to report ``each person'' who ``provided 2 or more bundled contributions'' in excess of the ``applicable threshold,'' which is an aggregate amount of $15,000 in a 6-month period. When two or more lobbyists are jointly involved in providing the same bundled contributions--as, for instance, in the case of a fundraising event co-hosted by two or more lobbyists-- then each lobbyist is responsible for and should be treated as providing the total amount raised at the event, for purposes of applying the applicable threshold to the funds raised by that lobbyist, and for purposes of reporting by the committee of ``the aggregate amount'' of bundled contributions ``provided by each'' registered lobbyist ``during the covered period.''”