Limitation on contributions to independent expenditure committees

(a) Limitations Section 315(a)(1)(C) of the Federal Election Campaign Act of 1971 (52 U.S.C. 30116(a)(1)(C)) is amended by striking to any other political committee and inserting to an independent expenditure committee or any other political committee. (b) Definition Section 301 of such Act (52 U.S.C. 30101) is amended by adding at the end the following: (27) Independent expenditure committee (A) In general The term independent expenditure committee means a political committee which— (i) makes independent expenditures aggregating $5,000 or more during a calendar year; or (ii) makes contributions to other independent expenditure committees aggregating $5,000 or more during a calendar year. (B) Treatment of separate accounts The term independent expenditure committee includes an account of a political committee which is established for the purpose of making independent expenditures or contributions to other committees making independent expenditures.. (c) Effective date The amendments made by this section shall apply with respect to contributions and independent expenditures made during the first calendar year which begins after the date of the enactment of this Act and each succeeding calendar year.