As if BushCo doesn't consider this $ well spent!BUSH-CHENEY 2000 TO PAY $90,000 CIVIL PENALTY
FOR FAILING TO DISCLOSE RECOUNT ACTIVITY
WASHINGTON -- The Federal Election Commission (FEC) has entered into a conciliation agreement with Bush-Cheney 2000, Inc. resulting from the failure to report to the FEC receipts and disbursements associated with its recount activities. Bush – Cheney 2000, Inc. has agreed to pay a $90,000 civil penalty.
According to the conciliation agreement, Bush – Cheney 2000 held a bank account designated “Bush-Cheney 2000, Inc. – Media.” After the November 7, 2000 presidential election, the Committee redesignated this bank account “Bush-Cheney 2000, Inc. – Recount Fund” and used the account to raise funds and pay costs associated with the recount. However, the Committee failed to include that activity in disclosure reports filed with the Commission.
The Federal Election Campaign Act (the Act) requires authorized committees of candidates for federal office to report the total amount of all receipts of disbursements in committee accounts, and to itemize them when the aggregate amount or value exceeds $200 in an election cycle. In Advisory Opinions 1998-26 and 1978-92, the Commission held that while separate organizations established solely to fund a recount effort would not be required to file disclosure reports, a federal political committee establishing a bank account for recount purposes must report those receipts and disbursements.
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Bush- Cheney 2000 admitted that the failure to report the receipts and disbursements associated with its recount activity and to properly itemize them as “other receipts” and “other disbursements” violated the Act. The committee agreed to cease and desist from violating these sections of the Act and agreed to submit a miscellaneous filing to the FEC that discloses and itemizes, where appropriate, its recount receipts and disbursements.
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http://www.fec.gov/press/press2004/20040420murs.html