Replace the FEC?

The Campaign Legal Center has released this statement from Trevor Potter, supportinga bill (H.R. 5676 and S. 3560) sponsored by the 4 main BCRA sponsors to “replace the discredited Federal Election Commission (FEC).” The link the release provides to the actual bill is not working, so I do not know yet what is in the bill and how it would restructure the FEC.
UPDATE: The bill is now posted here.

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