FEC Approves Rulemaking

The FEC has approved a Notice of Proposed Rulemaking implementing section 204 of the Honest Leadership and Open Government Act of 2007. The proposed rules would require candidate committees, leadership PACs, and political parties to report two or more contributions totaling $15,000 or more in a covered period which were “bundled” by lobbyists, lobbyist entities or political committees established or controlled by same. Comments are due by November 30, 2007.