§ 9039. — Reports to Congress; regulations.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 26USC9039]
TITLE 26--INTERNAL REVENUE CODE
Subtitle H--Financing of Presidential Election Campaigns
CHAPTER 96--PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT
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.
(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.)
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.
