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End Dark Money Act
1/11/2023, 1:43 PM
Summary of Bill HR 327
Bill 117 HR 327, also known as the End Dark Money Act, is a piece of legislation introduced in the US Congress with the aim of increasing transparency in political campaign financing. The bill seeks to address the issue of "dark money," which refers to funds used to influence elections that come from undisclosed sources.
The End Dark Money Act proposes several key measures to achieve its goal. Firstly, it requires organizations that spend money on political advertisements to disclose their donors. This would help to shed light on who is funding political campaigns and prevent wealthy individuals or special interest groups from secretly influencing elections.
Additionally, the bill aims to strengthen enforcement of existing campaign finance laws by increasing penalties for violations and providing more resources to the Federal Election Commission (FEC) to investigate and prosecute cases of illegal campaign financing. Overall, the End Dark Money Act is designed to promote transparency and accountability in the political process by ensuring that the public has access to information about who is funding political campaigns. By shining a light on dark money, the bill seeks to uphold the integrity of the democratic system and prevent undue influence from wealthy donors and special interest groups.
The End Dark Money Act proposes several key measures to achieve its goal. Firstly, it requires organizations that spend money on political advertisements to disclose their donors. This would help to shed light on who is funding political campaigns and prevent wealthy individuals or special interest groups from secretly influencing elections.
Additionally, the bill aims to strengthen enforcement of existing campaign finance laws by increasing penalties for violations and providing more resources to the Federal Election Commission (FEC) to investigate and prosecute cases of illegal campaign financing. Overall, the End Dark Money Act is designed to promote transparency and accountability in the political process by ensuring that the public has access to information about who is funding political campaigns. By shining a light on dark money, the bill seeks to uphold the integrity of the democratic system and prevent undue influence from wealthy donors and special interest groups.
Congressional Summary of HR 327
End Dark Money Act
This bill repeals in FY2021 the restriction on the use of funds by the Internal Revenue Service to issue any regulation or guidance relating to the standard for determining whether certain nonprofit civic organizations are being operated exclusively for the promotion of social welfare.Read the Full Bill
Current Status of Bill HR 327
Bill HR 327 is currently in the status of Bill Introduced since January 15, 2021. Bill HR 327 was introduced during Congress 117 and was introduced to the House on January 15, 2021. Bill HR 327's most recent activity was Referred to the House Committee on Ways and Means. as of January 15, 2021
Bipartisan Support of Bill HR 327
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
8Democrat Cosponsors
8Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 327
Primary Policy Focus
TaxationPotential Impact Areas
- Administrative law and regulatory procedures
- Department of the Treasury
- Executive agency funding and structure
- Internal Revenue Service (IRS)
- Public participation and lobbying
- Tax-exempt organizations
Alternate Title(s) of Bill HR 327
End Dark Money Act
To repeal the restriction on the use of funds by the Internal Revenue Service to bring transparency to the political activity of certain nonprofit organizations.
End Dark Money Act
Comments
Sponsors and Cosponsors of HR 327
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