[Federal Register: November 3, 1999 (Volume 64, Number 212)]
[Rules and Regulations]               
[Page 59607]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr03no99-4]                         


[[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