Bill

Bill > HR1382


US HR1382

US HR1382
Inaugural Fund Integrity Act


summary

Introduced
02/26/2019
In Committee
02/26/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Federal Election Campaign Act of 1971 to prohibit certain donations to Inaugural Committees, to establish limitations on donations to Inaugural Committees, to require certain reporting by Inaugural Committees, and for other purposes. Inaugural Fund Integrity Act This bill limits donations to inaugural committees. Inaugural committees may not solicit, accept, or receive donations from foreign nationals or persons who are not individuals. 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. Foreign nationals may not make donations or make promises to make donations to inaugural committees. The bill caps the amount an individual may donate to an inaugural committee. Donations to inaugural committees may not be converted to personal use. Inaugural committees must report information on donations and disbursements to the Federal Election Commission.

AI Summary

This bill, the Inaugural Fund Integrity Act, aims to amend the Federal Election Campaign Act of 1971 to limit donations to inaugural committees. The key provisions include: 1) Prohibiting inaugural committees from soliciting, accepting, or receiving donations from non-individuals (such as corporations) or foreign nationals. It also prohibits individuals from making donations in the name of another person or authorizing their name to be used for such donations. 2) Capping the amount an individual can donate to an inaugural committee at $50,000, with the cap increasing in each presidential election year. 3) Requiring inaugural committees to report donations of $1,000 or more within 24 hours, as well as file a final report disclosing all donations of $200 or more and all disbursements made by the committee. 4) Specifying that donated funds cannot be converted for personal use and allowing committees to disburse unused funds to tax-exempt charitable organizations. The bill aims to increase transparency and prevent abuse of inaugural committee fundraising.

Committee Categories

Government Affairs

Sponsors (10)

Last Action

Sponsor introductory remarks on measure. (CR H2733) (on 03/14/2019)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...