[Federal Register Volume 64, Number 212 (Wednesday, November 3, 1999)]
[Rules and Regulations]
[Page 59607]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-28702]
[[Page 59607]]
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FEDERAL ELECTION COMMISSION
[Notice 1999-22]
11 CFR Part 9036
Matching Credit Card and Debit Card Contributions in Presidential
Campaigns: Documentation
AGENCY: Federal Election Commission.
ACTION: Final rule; announcement of effective date.
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SUMMARY: On August 5, 1999, the Commission published the text of
revised regulations addressing the documentation required to allow
contributions made by credit or debit card, including contributions
made over the Internet, to be matched under the Presidential Primary
Matching Payment Account Act. 64 FR 42584. The Commission announces
that these rules are effective retroactive to January 1, 1999.
EFFECTIVE DATE: January 1, 1999.
FOR FURTHER INFORMATION CONTACT: Ms. Rosemary C. Smith, Acting
Assistant General Counsel, or Ms. Rita A. Reimer, Attorney, 999 E
Street, N.W., Washington, D.C. 20463, (202) 694-1650 or toll free (800)
424-9530.
SUPPLEMENTARY INFORMATION: The Commission is announcing the effective
date of new regulations at 11 CFR 9036.1(b) and 9036.2(b) that set out
the documentation requirements that must be met before contributions
made by credit or debit card, including contributions made over the
Internet, may be matched under the Presidential Primary Matching
Payment Account Act (``Matching Payment Act''), 26 U.S.C. 9031 et seq.
``Matchable contributions'' are those which, when received by
candidates who qualify for payments under the Matching Payment Act, are
matched by the Federal Government. The new rules require candidates to
provide sufficient documentation to the Commission to insure that each
contribution submitted for matching was made by a lawful contributor
who manifested an intention to make the contribution to the campaign
committee that submits it for maching fund payments. They further note
that additional information on the documentation required to accompany
such contributions will be found in the Commission's Guideline for
Presentation in Good Order (``PIGO'').
Section 9039(c) of Title 26, United States Code, requires that any
rules or regulations prescribed by the Commission to implement Title 26
of the United States Code be transmitted to the Speaker of the House of
Representatives and the President of the Senate thirty legislative days
prior to final promulgation. The revisions to 11 CFR 9036.1 and 9036.2
were transmitted to Congress on August 2, 1999. Thirty legislative days
expired in the Senate and the House of Representatives on October 19,
1999.
In the Explanation and Justification that accompanied the final
rules, the Commission explained that, since many presidential campaigns
will have engaged in substantial fundraising by the time these rules
take effect, it would retroactively match credit and debit card
contributions made on January 1, 1999 and thereafter, if these
requirements are met. 64 FR at 42584. Accordingly, these new rules are
effective retroactive to January 1, 1999.
Announcement of Effective Date: Amended 11 CFR 9036.1 and 9036.2,
as published at 64 FR 42584, are effective retroactive to January 1,
1999.
Dated: October 29, 1999.
Scott E. Thomas,
Chairman, Federal Election Commission.
[FR Doc. 99-28702 Filed 11-2-99; 8:45 am]
BILLING CODE 6715-01-U
