Bill > S3991

This bill, known as the DISCLOSE Act of 2026, aims to enhance transparency in political spending by amending the Federal Election Campaign Act of 1971. Key provisions include closing loopholes that allow foreign nationals to influence U.S. elections, requiring more detailed reporting of campaign-related spending by various organizations, and expanding disclaimer requirements for political advertisements. Specifically, it clarifies what constitutes a prohibited foreign contribution or donation, mandates studies on illicit foreign money in elections, and prohibits the establishment of corporations solely to hide foreign election contributions. The bill also introduces stricter reporting for "covered organizations" (corporations, LLCs, certain non-profits, labor organizations, and political organizations) that make campaign-related disbursements, requiring them to disclose beneficial owners and significant funders of their political communications. Furthermore, it extends disclosure requirements to communications influencing federal judicial nominations and enhances "Stand By Every Ad" provisions by requiring more detailed disclosure of top funders in political ads, including those on digital platforms and prerecorded phone calls, with specific rules for video and audio formats. The bill also establishes new procedures for judicial review of campaign finance law challenges and includes a severability clause to ensure that if any part of the act is found unconstitutional, the rest remains in effect.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/3991/all-info