0
0

PROOF Act

12/15/2023, 4:09 PM

Summary of Bill S 3087

The PROOF Act, also known as Bill 118 s 3087, is a piece of legislation currently being considered in the US Congress. The purpose of this bill is to address the issue of foreign interference in US elections by requiring political campaigns to report any offers of assistance from foreign governments or agents to the Federal Election Commission (FEC) and the Federal Bureau of Investigation (FBI).

Under the PROOF Act, campaigns would be required to report any such offers within one week of receiving them. Failure to do so could result in fines or other penalties. Additionally, the bill would require the FEC to create a public database of all reported foreign offers of assistance, in order to increase transparency and accountability in the electoral process.

Supporters of the PROOF Act argue that it is necessary to protect the integrity of US elections and prevent foreign interference, particularly in light of the revelations of Russian meddling in the 2016 presidential election. They believe that by requiring campaigns to report any offers of assistance from foreign entities, the bill will help to safeguard the democratic process. Opponents of the PROOF Act, on the other hand, may argue that the reporting requirements are overly burdensome for campaigns and could potentially infringe on their First Amendment rights. They may also question the effectiveness of the bill in preventing foreign interference, arguing that it may not address the root causes of such interference. Overall, the PROOF Act is a proposed piece of legislation aimed at addressing the issue of foreign interference in US elections by requiring campaigns to report any offers of assistance from foreign entities. Supporters believe it is necessary to protect the integrity of the electoral process, while opponents may have concerns about the potential impact on campaigns and the effectiveness of the bill.

Current Status of Bill S 3087

Bill S 3087 is currently in the status of Bill Introduced since October 19, 2023. Bill S 3087 was introduced during Congress 118 and was introduced to the Senate on October 19, 2023.  Bill S 3087's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of October 19, 2023

Bipartisan Support of Bill S 3087

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3087

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 3087

PROOF Act
PROOF Act
Proving Reserves Of Others’ Funds Act
A bill to impose requirements on digital exchanges, and for other purposes.

Comments