Federal Election Commission December 13, 2012 – Federal Register Recent Federal Regulation Documents

The Commission is proposing new rules addressing the treatment of limited liability partnerships (``LLPs'') for purposes of the Federal Election Campaign Act (``FECA'' or the ``Act''). LLPs are created under State law and share certain characteristics with both partnerships and corporations. The Commission is considering treating all LLPs that have opted for Federal corporate tax treatment pursuant to the Internal Revenue Service's ``check the box'' provisions, as corporations for purposes of the Act. The Commission has made no final decision on the issues presented in this rulemaking. Further information is provided in the supplementary information that follows.