Bill > HR4786

This bill requires authorized campaign committees and leadership Political Action Committees (PACs) of federal election candidates to disburse any remaining campaign funds within a specific two-year period after an election, with specific rules and restrictions. Specifically, these committees must first pay any outstanding operational obligations, and then can either return contributions to donors, donate to tax-exempt charitable organizations, or transfer funds to political party committees. The bill prohibits candidates from transferring funds to their relatives, except to pay legitimate campaign obligations. Additionally, the bill mandates that any candidate who becomes a registered lobbyist or foreign agent must certify under penalty of perjury that their campaign committees have complied with these fund disbursement requirements. This legislation applies to federal elections starting with the November 2026 general election, and aims to prevent candidates from maintaining large campaign war chests after leaving office or using campaign funds for personal benefit. A leadership PAC is a political committee that is directly or indirectly established, financed, maintained, or controlled by a federal candidate or official but is not an authorized campaign committee.

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https://www.congress.gov/bill/119th-congress/house-bill/4786/all-info