To amend the Federal Election Campaign Act of 1971 to prohibit certain donations to Inaugural Committees, to establish limitations on donations to Inaugural Committees, to require certain reporting by Inaugural Committees, and for other purposes.

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 jurisdiction of the committee concerned.

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.