Internal Revenue Code:Sec. 9039. Reports to Congress; regulations

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Location in Internal Revenue Code

     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle H - Financing of Presidential Election Campaigns
       CHAPTER 96 - PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT
     

Statute

    Sec. 9039. Reports to Congress; regulations
 
    (a) Reports
      The Commission shall, as soon as practicable after each matching
    payment period, submit a full report to the Senate and House of
    Representatives setting forth -
        (1) the qualified campaign expenses (shown in such detail as
      the Commission determines necessary) incurred by the candidates
      of each political party and their authorized committees,
        (2) the amounts certified by it under section 9036 for payment
      to each eligible candidate, and
        (3) the amount of payments, if any, required from candidates
      under section 9038, and the reasons for each payment required.
    Each report submitted pursuant to this section shall be printed as
    a Senate document.
    (b) Regulations, etc.
      The Commission is authorized to prescribe rules and regulations
    in accordance with the provisions of subsection (c), to conduct
    examinations and audits (in addition to the examinations and audits
    required by section 9038(a)), to conduct investigations, and to
    require the keeping and submission of any books, records, and
    information, which it determines to be necessary to carry out its
    responsibilities under this chapter.
    (c) Review of regulations
      (1) The Commission, before prescribing any rule or regulation
    under subsection (b), shall transmit a statement with respect to
    such rule or regulation to the Senate and to the House of
    Representatives, in accordance with the provisions of this
    subsection.  Such statement shall set forth the proposed rule or
    regulation and shall contain a detailed explanation and
    justification of such rule or regulation.
      (2) If either such House does not, through appropriation action,
    disapprove the proposed rule or regulation set forth in such
    statement no later than 30 legislative days after receipt of such
    statement, then the Commission may prescribe such rule or
    regulation.  Whenever a committee of the House of Representatives
    reports any resolution relating to any such rule or regulation, it
    is at any time thereafter in order (even though a previous motion
    to the same effect has been disagreed to) to move to proceed to the
    consideration of the resolution.  The motion is highly privileged
    and is not debatable.  An amendment to the motion is not in order,
    and it is not in order to move to reconsider the vote by which the
    motion is agreed to or disagreed to.  The Commission may not
    prescribe any rule or regulation which is disapproved by either
    such House under this paragraph.
      (3) For purposes of this subsection, the term ''legislative
    days'' does not include any calendar day on which both Houses of
    the Congress are not in session.
      (4) For purposes of this subsection, the term ''rule or
    regulation'' means a provision or series of interrelated provisions
    stating a single separable rule of law.
 

Sources

    (Added Pub. L. 93-443, title IV, Sec. 408(c), Oct. 15, 1974, 88
    Stat. 1301; amended Pub. L. 94-283, title III, Sec. 304(b), May 11,
    1976, 90 Stat. 499.)
 

Miscellaneous

                                 AMENDMENTS
      1976 - Subsec. (c)(2). Pub. L. 94-283, Sec. 304(b)(1), inserted
    provision for accelerated consideration by the House of
    Representatives of resolutions relating to rules or regulations
    reported out by committees of the House.
      Subsec. (c)(4). Pub. L. 94-283, Sec. 304(b)(2), added par. (4).
                   TERMINATION OF REPORTING REQUIREMENTS
      For termination, effective May 15, 2000, of reporting provisions
    in subsec. (a) of this section, see section 3003 of Pub. L. 104-66,
    as amended, set out as a note under section 1113 of Title 31, Money
    and Finance, and page 168 of House Document No. 103-7.