HR 5143
OPEN Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The OPEN Act aims to increase transparency in political spending by requiring corporations to disclose their political activity expenditures to their shareholders. It mandates that these disclosures be included in regular shareholder reports and filed with the Federal Election Commission. Furthermore, the bill restricts tax-exempt status for organizations, specifically 501(c)(4) groups, that exceed certain thresholds for covered political activities. This legislation seeks to provide greater public insight into corporate involvement in political campaigns.
Sponsors
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Primary sponsor
Matt Cartwright
Cosponsors
Peter A. DeFazio
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