S 3616
Inaugural Committee Transparency Act of 2024
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Bill overview
This bill, the Inaugural Committee Transparency Act of 2024, aims to increase transparency around donations to and spending by the Presidential Inaugural Committee. It requires the committee to disclose all disbursements of $200 or more, including the recipient's information and purpose, and prohibits soliciting donations from foreign nationals or using donations for personal gain. The bill also mandates that any remaining funds be disbursed to tax-exempt charities within 90 days of the inauguration, with the possibility of an extension by the Federal Election Commission.
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