Political Reform Act of 1974: candidate controlled committees: campaign statements.

Summary

The law adds new reporting rules for committees that are run by a candidate who will not appear on the next ballot. If such a committee spends $20,000 or more on a single individual during a reporting period, it must list that person’s name, address, the amount spent and why the money was paid. The change aims to increase transparency and extend existing campaign‑finance penalties.

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