To amend the Federal Election Campaign Act of 1971 to provide for additional disclosure requirements for corporations, labor organizations, and other entities, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Disclosure of Information on Spending on Campaigns Leads to Open and Secure Elections Act of 2013'' or the ``DISCLOSE 2013 Act''.
SEC. 2. CAMPAIGN DISBURSEMENT REPORTING.
(a) Information Required To Be Reported.-- (1) Treatment of functional equivalent of express advocacy as independent expenditure.--Subparagraph (A) of section 301(17) of the Federal Election Campaign Act of 1971 (2 U.S.C. 431(17)) is amended to read as follows: ``(A) that, when taken as a whole, expressly advocates the election or defeat of a clearly identified candidate, or is the functional equivalent of express advocacy because it can be interpreted by a reasonable person only as advocating the election or defeat of a candidate, taking into account whether the communication involved mentions a candidacy, a political party, or a challenger to a candidate, or takes a position on a candidate's character, qualifications, or fitness for office; and''. (2) Expansion of period during which communications are treated as electioneering communications.--Section 304(f)(3)(A)(i) of such Act (2 U.S.C. 434(f)(3)(A)(i)) is amended-- (A) by redesignating subclause (III) as subclause (IV); and (B) by striking subclause (II) and inserting the following: ``(II) in the case of a communication which refers to a candidate...