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A bill to amend the Federal Election Campaign Act of 1971 to require disclosures to contributors regarding recurring contributions or donations.
1/14/2025, 5:21 PM
Summary of Bill S 5605
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.
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.
Current Status of Bill S 5605
Bill S 5605 is currently in the status of Bill Introduced since December 19, 2024. Bill S 5605 was introduced during Congress 118 and was introduced to the Senate on December 19, 2024. Bill S 5605's most recent activity was Read twice and referred to the Committee on Rules and Administration. as of December 19, 2024
Bipartisan Support of Bill S 5605
Total Number of Sponsors
4Democrat Sponsors
4Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 5605
Primary Policy Focus
Comments
Sponsors and Cosponsors of S 5605
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