MERIT Act

[AI summary unavailable — showing source text] Making Every Representative's Integrity Transparent Act of 2014 or the MERIT Act - Amends the Federal Election Campaign Act of 1971 to prohibit a candidate's authorized committee from employing any of the candidate's relatives in a paid position. Prohibits a leadership political action committee (PAC) from employing in a paid position any relative of the candidate or any individual holding federal office who establishes, finances, maintains, or controls the leadership PAC. Limits the interest rate an authorized committee may pay on a loan accepted from the candidate to an annual rate no higher than the prime rate plus 2%. Revises political committee disclosure requirements about: loans made by candidates, expenditures to relatives of candidates for operating expenses, and disbursements received by a candidate's relative or a business organization one of whose officers or dicrectors is a relative of the candidate. Applies the prohibition against the conversion to personal use of contributions accepted by candidates also to contributions accepted by political committees. Allows the use of contributions accepted by political committees for authorized expenditures in connection with po…