To amend the Federal Election Campaign Act of 1971 to prohibit an authorized committee of a winning candidate for election for Federal office which received a personal loan from the candidate from making any repayment on the loan after the date on which the candidate begins serving in such office.

        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 681 Introduced in House (IH)]

108th CONGRESS
1st Session
H. R. 681

To amend the Federal Election Campaign Act of 1971 to prohibit an
authorized committee of a winning candidate for election for Federal
office which received a personal loan from the candidate from making
any repayment on the loan after the date on which the candidate begins
serving in such office.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 11, 2003

Mr. English introduced the following bill; which was referred to the
Committee on House Administration

_______________________________________________________________________

A BILL

To amend the Federal Election Campaign Act of 1971 to prohibit an
authorized committee of a winning candidate for election for Federal
office which received a personal loan from the candidate from making
any repayment on the loan after the date on which the candidate begins
serving in such office.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. PROHIBITING REPAYMENT OF CANDIDATE PERSONAL LOANS AFTER DATE
ON WHICH CANDIDATE BEGINS SERVING IN ELECTED OFFICE.

Section 315 of the Federal Election Campaign Act of 1971 (2 U.S.C.
441a), as amended by section 304(a) of the Bipartisan Campaign Finance
Reform Act of 2002, is amended by adding at the end the following new
subsection:
``(k) Limitations on Repayment of Personal Loans Made by Candidate
to Committee.--An authorized committee of a winning candidate for an
election for Federal office occurring after December 2003 which
received a personal loan from the candidate may not make any repayment
with respect to such loan on or after the date on which the candidate
begins serving in the office.''.
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