527 Reform Act of 2005

[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.) Excludes from the definition of 527 organization certain kinds of committees, clubs, associations, or other groups of persons, unless such a group makes disbursements meeting specified criteria involving candidates for Federal office. Sets forth rules for allocation and funding for certain expenses relating to Federal and non-Federal activities. Amends the Communications Act of 1934 to prohibit the charges made for the use of any television bro…