Federal Election Campaign Reform Act

[AI summary unavailable — showing source text] Federal Election Campaign Reform Act - Permits broadcasting stations to eliminate the equal broadcast opportunities requirement with respect to candidates for Federal office. Provides for free broadcast time with respect to legally qualified candidates for Federal elective office (other than the offices of President and Vice President). Requires each station licensee to maintain a record of any political broadcast, with the identification of the person who caused it to be broadcast for a period of two years. Repeals the Campaign Communications Reform Act. Requires additional information required by the Federal Election Campaign Act of 1971 relating to reports of contributions in excess of $10, relating to detailed accounts, relating to registration of political committees, and relating to reports by political committees and candidates. Provides that every person who makes contributions or expenditures, other than by contribution to a political committee or candidate, in an aggregate amount in excess of $100 within a calendar year shall file with the Federal Election Commission a statement containing the required information. States that each candidate for election of Congress shall…