HR 6913
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 requires corporations that regularly report to shareholders to disclose information about their political spending in those reports. Specifically, it mandates the reporting of amounts spent on covered political activities, such as independent expenditures and electioneering communications, and provides a clear format for this disclosure. Furthermore, the bill restricts tax-exempt organizations, particularly 501(c)(4) groups, from engaging in significant political activity by limiting their spending to a certain percentage of their total expenditures or $10 million annually, whichever is lower. This aims to increase transparency and accountability in corporate and organizational political involvement.
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Primary sponsor
Matt Cartwright
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