What does Preamble of Inaugural Fund Integrity Act do?

This bill proposes to amend the Federal Election Campaign Act of 1971. The proposed changes relate to donations to Inaugural Committees. Specifically, the bill aims to prohibit certain donations, establish limitations on donations, and require reporting by these committees.

What does SHORT TITLE. of Inaugural Fund Integrity Act do?

This bill is formally titled Inaugural Fund Integrity Act

What does LIMITATIONS AND DISCLOSURE OF CERTAIN DONATIONS TO, AND of Inaugural Fund Integrity Act do?

This section amends the Federal Election Campaign Act of 1971 to add new regulations regarding donations to and disbursements by Inaugural Committees. It prohibits Inaugural Committees from soliciting donations from non-individuals or foreign nationals. Individuals are prohibited from making donations to Inaugural Committees in the name of another person or converting donations to personal use. Donations exceeding $50,000 from an individual are unlawful, with this amount indexed beginning in 2032. Inaugural Committees must disclose donations of $1,000 or more within 24 hours and file a final report detailing all donations and disbursements over $200. The definition of 'donation' includes gifts, loans, and payments for services, but excludes volunteer services. The amendments apply to Inaugural Committees established for inaugurations held in 2029 and subsequent years.

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Inaugural Fund Integrity Act

Last updated: 1/16/2025 · Introduced: 1/16/2025

Author: Mary Scanlon (D-PA)

TL;DR (AI)

The bill prohibits inaugural committees from soliciting donations from non-individuals or foreign nationals and restricts individuals from making donations in another's name or for personal use.
It establishes a $50,000 limit on individual donations to inaugural committees, with this amount adjusted for inflation starting in 2032.
Inaugural committees must promptly disclose donations over $1,000 and provide a final report detailing all donations and disbursements exceeding $200.

119th Congressin committeeS. 2838(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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