1. Short title This Act may be cited as the Openness in Political Expenditures Now Act or the OPEN Act . 2. Disclosure by corporations to shareholders of disbursements for political activity (a) Disclosure required Title III of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30101 et seq.) is amended by adding at the end the following new section: 325. Disclosures by corporations to shareholders of information on disbursements for certain political activity (a) Including information in regular periodic reports (1) In general A corporation which submits regular, periodic reports to its shareholders shall include in each such report, in a clear and conspicuous manner, the information described in paragraph (2) with respect to the disbursements made by the corporation for covered political activity during the period covered by the report, but only if the amount of the disbursement made for such activity during the period covered by the report equals or exceeds the applicable threshold for the activity described in paragraph (3). (2) Information described The information described in this paragraph is, for each disbursement for covered political activity— (A) the date of the disbursement; (B) the amount of the disbursement; (C) in the case of a disbursement consisting of an independent expenditure or an electioneering communication, or in the case of a covered political activity described in subsection (c)(3), the name of the candidate identified in the independent expenditure or electioneering communication involved, the Commission ID assigned to the candidate, and the office sought by the candidate