Inaugural Fund Integrity Act

2/13/2025, 9:23 AM

Inaugural Fund Integrity Act

This bill limits donations to inaugural committees and requires these committees to disclose donations and disbursements.

Specifically, inaugural committees may not solicit, accept, or receive donations from corporations or foreign nationals. An individual may not make a donation in the name of another individual or authorize his or her name to be used to make such a donation. In addition, foreign nationals may not make donations or make promises to make donations to inaugural committees.

Further, the bill caps the amount an individual may donate to an inaugural committee.

Donations to inaugural committees may not be converted to personal use.

Finally, inaugural committees must report certain information on donations and disbursements to the Federal Election Commission.

Bill 119 HR 535, also known as the Inaugural Committee Reform Act, aims to amend the Federal Election Campaign Act of 1971 in order to restrict certain donations to Inaugural Committees. The bill seeks to establish limitations on the amount of money that can be donated to Inaugural Committees, as well as require these committees to report their donations and expenditures.

Under this proposed legislation, individuals and entities would be prohibited from making donations to Inaugural Committees that exceed a certain limit. This limitation is intended to prevent wealthy donors from having undue influence over the inaugural process.

Additionally, Inaugural Committees would be required to disclose information about their donors and how they are spending their funds. This transparency is meant to ensure that the public is aware of who is funding inaugural events and how that money is being used. Overall, the Inaugural Committee Reform Act seeks to promote fairness and accountability in the fundraising and spending practices of Inaugural Committees. By imposing restrictions on donations and requiring transparency in reporting, this bill aims to prevent corruption and undue influence in the inaugural process.
Congress
119
Number
HR - 535
Introduced on
2025-01-16
# Amendments
0
Sponsors
+5
Cosponsors
+5

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Inaugural Fund Integrity Act

This bill limits donations to inaugural committees and requires these committees to disclose donations and disbursements.

Specifically, inaugural committees may not solicit, accept, or receive donations from corporations or foreign nationals. An individual may not make a donation in the name of another individual or authorize his or her name to be used to make such a donation. In addition, foreign nationals may not make donations or make promises to make donations to inaugural committees.

Further, the bill caps the amount an individual may donate to an inaugural committee.

Donations to inaugural committees may not be converted to personal use.

Finally, inaugural committees must report certain information on donations and disbursements to the Federal Election Commission.

Bill 119 HR 535, also known as the Inaugural Committee Reform Act, aims to amend the Federal Election Campaign Act of 1971 in order to restrict certain donations to Inaugural Committees. The bill seeks to establish limitations on the amount of money that can be donated to Inaugural Committees, as well as require these committees to report their donations and expenditures.

Under this proposed legislation, individuals and entities would be prohibited from making donations to Inaugural Committees that exceed a certain limit. This limitation is intended to prevent wealthy donors from having undue influence over the inaugural process.

Additionally, Inaugural Committees would be required to disclose information about their donors and how they are spending their funds. This transparency is meant to ensure that the public is aware of who is funding inaugural events and how that money is being used. Overall, the Inaugural Committee Reform Act seeks to promote fairness and accountability in the fundraising and spending practices of Inaugural Committees. By imposing restrictions on donations and requiring transparency in reporting, this bill aims to prevent corruption and undue influence in the inaugural process.

Comments

APPROVED
Rosalie Jacobs
@lima_bean_soda_bread_okra56473
This bill is ridiculous! It's just another way for the government to control our money. They can't tell us what to do with our donations. It's not right! And who knows what else they're sneaking into this bill. I don't trust it at all. Did you know t...

Related

Member:  Henry C. "Hank" Johnson, Jr.
Member:  Mary Gay Scanlon
Member:  Eleanor Holmes Norton
Member:  Becca Balint
Member:  Kevin Mullin
Member:  André Carson
Member:  Donald S. Beyer, Jr.
Member:  Paul Tonko
Committee:  Oversight and Accountability
Committee:  House Administration

Recent Activity

Latest Summary2/28/2025

Inaugural Fund Integrity Act

This bill limits donations to inaugural committees and requires these committees to disclose donations and disbursements.

Specifically, inaugural committees may not solicit, accept, or rece...

Latest Action1/16/2025
Referred to the Committee on House Administration, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the ju...