A bill to amend the Federal Election Campaign Act of 1971 to require that bank loans to political committees and other persons subject to such Act be fully collateralized and reported and to require the Federal Election Commission to determine that such loans are legitimate loans and not campaign contributions.

[AI summary unavailable — showing source text] Amends the Federal Election Campaign Act of 1971 to require that loans by a bank or other financial institutions to a political committee or other person subject to such Act be fully collateralized and not be treated as contributions. Directs the Federal Election Commission to prescribe regulations to assure compliance with such Act. Requires that details of loans and collateral be included in required reports of political committees.…