Inaugural Fund Integrity Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Inaugural Fund Integrity Act aims to increase transparency and limit financial contributions to inaugural committees. It prohibits donations from corporations and foreign nationals, restricts individual donations to $50,000 (with an annual adjustment), and requires detailed reporting of donations and disbursements to the Federal Election Commission. The bill also addresses issues like preventing the misuse of donations and clarifies definitions related to inaugural committees.
Key provisions
- Prohibits donations from corporations and foreign nationals to inaugural committees.
- Limits individual donations to inaugural committees to $50,000 per person, adjusted annually.
- Requires inaugural committees to report donations of $1,000 or more to the Federal Election Commission within 24 hours.
- Mandates a final report 90 days after the presidential inaugural ceremony detailing all donations and disbursements.
- Prevents inaugural committees from converting donations to personal use.
- Defines ‘donation’ broadly to include various forms of financial support and volunteer services.
- Establishes a process for inaugural committees to disperse unused funds to qualified non-profit organizations.
- Redesignates and amends existing reporting requirements within the Federal Election Campaign Act.
Who is affected
- Inaugural Committees
- Individuals making donations
Bill text
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Sponsors
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14 on record
Primary sponsor
Cosponsors
![Becca [D-VT-At Large] Balint](/_next/image?url=https%3A%2F%2Fcivik-platform-media-us-east-1-prod.s3.us-east-1.amazonaws.com%2Flegislator-portraits%2Fcongress%2FB001318.jpg&w=64&q=75){kind=small}
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