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H.R.2147 / 105th Congress

Anti-Money Laundering and Paycheck Accountability Act

Referred to the House Committee on House Oversight.

Official summary

Version 00 · Introduced in House · Jul 10, 1997

Anti-Money Laundering and Paycheck Accountability Act - Amends the Federal Election Campaign Act of 1971 (FECA) to: (1) ban the use of non-Federal funds by political parties for specified activities, unless the funds are subject to FECA (with exceptions); and (2) limit the amount a person may contribute to a political party for excepted party-building activities. Requires annual written authorization permitting the withholding of an individual's wages or salary to be used by any person receiving the withheld amounts for political activities. Prohibits a candidate for Federal office or a Federal officeholder from establishing, maintaining, financing, or controlling a leadership committee. Revises requirements for notification by the candidate's principal campaign committee of large contributions to require each political committee to report within 24 hours all contributions received by the committee within 20 days of an election. Directs the Federal Election Commission to make the information contained in the reports submitted available on the Internet and publicly available at Commission offices within 24 hours after the information is received by the Commission.

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Who introduced it

Rep. Smith, Linda [R-WA-3] · R–WA

Committees

  • Committee on House Administration
2 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the House Committee on House Oversight.

  2. Introduced in House

  3. Introduced in House

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.2147 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

Examine H.R.2147 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Institutions and government scope

Conservative lens

Examine H.R.2147 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Individual rights and government power

Liberty lens

Examine H.R.2147 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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