Bill 118 s 5605, also known as the "Recurring Contributions Disclosure Act," aims to amend the Federal Election Campaign Act of 1971. The main purpose of this bill is to require political campaigns and committees to provide clear and transparent disclosures to contributors who make recurring contributions or donations.
Under this proposed legislation, campaigns and committees would be required to inform contributors about the recurring nature of their donations, including the frequency and amount of each contribution. This information would need to be clearly communicated to donors before they make their initial contribution, as well as on a regular basis thereafter.
The goal of this bill is to ensure that contributors are fully informed about the financial commitments they are making to political campaigns. By providing clear and consistent disclosures, supporters will have a better understanding of how their contributions are being used and can make more informed decisions about their financial support.
Overall, the Recurring Contributions Disclosure Act seeks to promote transparency and accountability in political fundraising, ultimately strengthening the integrity of the electoral process.