Bill > HR5237

This bill proposes to amend the Federal Election Campaign Act of 1971 to eliminate the existing monetary thresholds for reporting the identification of individuals and entities making contributions to political committees in federal elections. Currently, political committees are only required to disclose the names of contributors who donate more than $200 within a calendar year or election cycle. The proposed legislation would remove these dollar amount restrictions, meaning that political committees would now be required to report the identities of all contributors, regardless of the amount of their donation. This change aims to increase transparency in campaign finance by ensuring that every contribution, no matter how small, is documented and made public. The amendments would apply to all reports filed under section 304 of the Federal Election Campaign Act on or after the date of the bill's enactment. By lowering the reporting barrier, the bill seeks to provide voters and watchdog groups with more comprehensive information about the financial supporters of political campaigns.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/5237/all-info