Inaugural Fund Integrity Act

Hozzl · 2025-02-13T09:23:18Z

Explore the details of House Bill 535 Inaugural Fund Integrity Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/13/2025, 9:23 AM

Summary of Bill HR 535

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.

Congressional Summary of HR 535

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.

Current Status of Bill HR 535

Bill HR 535 is currently in the status of Bill Introduced since January 16, 2025. Bill HR 535 was introduced during Congress 119 and was introduced to the House on January 16, 2025. Bill HR 535's most recent activity was 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. as of January 16, 2025

Bipartisan Support of Bill HR 535

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 535

Primary Policy Focus

Comments

Rosalie Jacobs

818

1 year ago

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 that this bill also includes provisions for increased transparency in inaugural committee spending? It's just a way for them to keep tabs on us. #NotMyBill