§ 433. — Registration of political committees.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 2USC433]
TITLE 2--THE CONGRESS
CHAPTER 14--FEDERAL ELECTION CAMPAIGNS
SUBCHAPTER I--DISCLOSURE OF FEDERAL CAMPAIGN FUNDS
Sec. 433. Registration of political committees
(a) Statements of organizations
Each authorized campaign committee shall file a statement of
organization no later than 10 days after designation pursuant to section
432(e)(1) of this title. Each separate segregated fund established under
the provisions of section 441b(b) of this title shall file a statement
of organization no later than 10 days after establishment. All other
committees shall file a statement of organization within 10 days after
becoming a political committee within the meaning of section 431(4) of
this title.
(b) Contents of statements
The statement of organization of a political committee shall
include--
(1) the name, address, and type of committee;
(2) the name, address, relationship, and type of any connected
organization or affiliated committee;
(3) the name, address, and position of the custodian of books
and accounts of the committee;
(4) the name and address of the treasurer of the committee;
(5) if the committee is authorized by a candidate, the name,
address, office sought, and party affiliation of the candidate; and
(6) a listing of all banks, safety deposit boxes, or other
depositories used by the committee.
(c) Change of information in statements
Any change in information previously submitted in a statement of
organization shall be reported in accordance with section 432(g) of this
title no later than 10 days after the date of the change.
(d) Termination, etc., requirements and authorities
(1) A political committee may terminate only when such a committee
files a written statement, in accordance with section 432(g) of this
title, that it will no longer receive any contributions or make any
disbursements and that such committee has no outstanding debts or
obligations.
(2) Nothing contained in this subsection may be construed to
eliminate or limit the authority of the Commission to establish
procedures for--
(A) the determination of insolvency with respect to any
political committee;
(B) the orderly liquidation of an insolvent political committee,
and the orderly application of its assets for the reduction of
outstanding debts; and
(C) the termination of an insolvent political committee after
such liquidation and application of assets.
(Pub. L. 92-225, title III, Sec. 303, Feb. 7, 1972, 86 Stat. 14; Pub. L.
93-443, title II, Secs. 203, 208(c)(3), Oct. 15, 1974, 88 Stat. 1276,
1286; Pub. L. 96-187, title I, Sec. 103, Jan. 8, 1980, 93 Stat. 1347.)
Amendments
1980--Subsec. (a). Pub. L. 96-187 substituted provisions requiring
each authorized campaign committee, each segregated fund established
under section 441b(b) of this title, and all other committees to file a
statement of organization 10 days after establishment for provisions
requiring each political committee anticipating the receipt or
expenditure during the calendar year of an amount exceeding $1,000 to
file with the Commission a statement of organization within 10 days
after organization or 10 days after receipt of information causing the
anticipation of receipt or expenditure in excess of $1,000 and requiring
each committee in existence on the date of enactment of this Act to file
a statement of organization at such time as the Commission prescribes.
Subsec. (b). Pub. L. 96-187 inserted ``of a political committee'' in
introductory clause; in par. (1) inserted reference to type of
committee; in par. (2) inserted reference to type of organization or
affiliated committee; in par. (3) substituted provisions relating to the
name, address and position of custodian of books and accounts for
provisions relating to area, scope or jurisdiction of the committee; in
par. (4) substituted provisions relating to the name and address of the
treasurer for provisions relating to the name, address and position of
the custodian of books and accounts; in par. (5) substituted provisions
relating to the name, address, office sought and party affiliation of
the candidate for provisions relating to the name, address and position
of principal officers including officers of the finance committee; in
par. (6) substituted provisions relating to listings of banks, safety
deposit boxes, etc. for provisions relating to name and address, office
sought and political affiliation of supported candidates, and struck out
pars. (7) to (11) relating to other information.
Subsec. (c). Pub. L. 96-187 substituted ``in accordance with section
432(g) of this title no later than 10 days after the date of the
change'' for ``to the Commission within a ten-day period following the
change''.
Subsec. (d). Pub. L. 96-187 redesignated existing provisions as par.
(1), substituted provisions relating to termination of a political
committee by written statement in accordance with section 432(g) of this
title for provisions relating to notification to the Commission in the
event of disbandment or determination no longer to receive contributions
during the calendar year of an amount exceeding $1,000, and added par.
(2).
Subsec. (e). Pub. L. 96-187 struck out subsec. (e) relating to
filing of required reports and notifications with the appropriate
principal campaign committee instead of the Commission in the case of a
political committee which is not a principal campaign committee.
1974--Pub. L. 93-443, Sec. 208(c)(3)(A), substituted ``Commission''
for ``supervisory officer'' wherever appearing.
Subsec. (a). Pub. L. 93-443, Sec. 208(c)(3)(B), substituted ``it
prescribes'' for ``he prescribes''.
Subsec. (e). Pub. L. 93-443, Sec. 203, added subsec. (e).
Effective Date of 1980 Amendment
Amendment by Pub. L. 96-187 effective Jan. 8, 1980, see section
301(a) of Pub. L. 96-187, set out as a note under section 431 of this
title.
Effective Date of 1974 Amendment
Amendment by Pub. L. 93-443 effective Jan. 1, 1975, see section
410(a) of Pub. L. 93-443, set out as a note under section 431 of this
title.
Section Referred to in Other Sections
This section is referred to in section 441a of this title; title 18
section 608; title 26 section 9008.
