116 STAT. 92 PUBLIC LAW 107-155—MAR. 27, 2002 to which only individuals can contribute, as described in section 304(f)(2)(E). "(4) DEFINITIONS AND RULES. —For purposes of this subsection— "(A) the term 'section 501(c)(4) organization' means— "(i) an organization described in section 501(c)(4) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code; or "(ii) an organization which has submitted an application to the Internal Revenue Service for determination of its status as an organization described in clause (i); and "(B) a person shall be treated as having made a disbursement if the person has executed a contract to make the disbursement. "(5) COORDINATION WITH INTERNAL REVENUE CODE.— Nothing in this subsection shall be construed to authorize an organization exempt from taxation under section 501(a) of the Internal Revenue Code of 1986 to carry out any activity which is prohibited under such Code.". SEC. 204. RULES RELATING TO CERTAIN TARGETED ELECTIONEERING COMMUNICATIONS. Section 316(c) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441b), as added by section 203, is amended by adding at the end the following: " (6) SPECIAL RULES FOR TARGETED COMMUNICATIONS. — "(A) EXCEPTION DOES NOT APPLY. —Paragraph (2) shall not apply in the case of a targeted communication that is made by an organization described in such paragraph. "(B) TARGETED COMMUNICATION.—For purposes of subparagraph (A), the term 'targeted communication' means an electioneering communication (as defined in section 304(f)(3)) that is distributed from a television or radio broadcast station or provider of cable or satellite television service and, in the case of a communication which refers to a candidate for an office other than President or Vice President, is targeted to the relevaiit electorate. "(C) DEFINITION. —For purposes of this paragraph, a communication is 'targeted to the relevant electorate' if it meets the requirements described in section 304(f)(3)(C).". Subtitle B—Independent and Coordinated Expenditures SEC. 211. DEFINITION OF INDEPENDENT EXPENDITURE. Section 301 of the Federal Election Campaign Act (2 U.S.C. 431) is amended by striking paragraph (17) and inserting the following: "(17) INDEPENDENT EXPENDITURE.—The term 'independent expenditure' means an expenditure by a person— "(A) expressly advocating the election or defeat of a clearly identified candidate; and "(B) that is not made in concert or cooperation with or at the request or suggestion of such candidate, the
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