Bill > HR2605

This bill, the "Let It Go Act," aims to amend the Federal Election Campaign Act of 1971 in two key ways: 1. It limits the timeframe for which candidates can use campaign contributions or donations, requiring them to either use the funds within 6 years of their last federal election or, if they become a registered lobbyist, before they register as a lobbyist. After this timeframe, the remaining funds must be disposed of, first to pay any outstanding campaign debts, and then through means such as returning the contributions, donating to charitable organizations, or transferring to political party committees. 2. It prohibits candidates from using campaign funds to make contributions to charitable organizations that they or their immediate family members control, either through employment, board membership, or majority ownership. The bill includes a 1-year transition period for individuals who, at the time of the bill's enactment, have been out of federal office for at least 6 years or have become registered lobbyists, to comply with the new disposition requirements.

Government Affairs

https://www.congress.gov/bill/117th-congress/house-bill/2605/all-info