527 Reform Act of 2006

[AI summary unavailable — showing source text] 527 Reform Act of 2005 - Amends the Federal Election Campaign Act of 1971 to include in the definition of political committee any applicable 527 organization. (Thus subjects such organizations to the requirements of the Act. A 527 organization, as defined by section 527 of the Internal Revenue Code, is an organization, not controlled by or involving a particular candidate for office, whose function is to influence or attempt to influence the selection, nomination, election, or appointment of any individual to any federal, state, or local public office or office in a political organization, or the election of presidential or vice-presidential electors, whether or not such individual or electors are selected, nominated, elected, or appointed.) Allows such organizations to influence: (1) the selection, nomination, election, or appointment of one or more candidates to non-Federal offices; (2) one or more State or local ballot initiatives, State or local referenda, State or local constitutional amendments, State or local bond issues, or other State or local ballot issues; and (3) the selection, appointment, nomination, or confirmation of one or more individuals to non-elected offices. E…