What does Preamble of Campaign Finance Transparency Act do?

This bill proposes to amend the Federal Election Campaign Act of 1971. The proposed changes relate to requirements regarding contributions related to elections for Federal office. The bill also aims to improve the operation of the Federal Election Commission.

What does SHORT TITLE. of Campaign Finance Transparency Act do?

This bill is formally titled the Campaign Finance Transparency Act.

What does REQUIRING DISCLOSURE OF CARD VERIFICATION VALUE OR CARD of Campaign Finance Transparency Act do?

This section amends the Federal Election Campaign Act of 1971 to require political committees to obtain specific information when accepting online credit or debit card contributions. For contributions not received by mail, political committees must require the disclosure of the card verification value or code and the billing ZIP code. Non-resident individuals must provide alternative identification, such as a U.S. mailing address used for voter registration or copies of identification documents. Recurring contributions using the same credit or debit card are exempt from these requirements after the initial contribution. Political committees storing credit card information must also comply with these requirements for the first contribution or storage instance. Contributions made through digital wallets are considered to comply with the requirements. Contributors' information must be forwarded to the treasurer within 10 days, and treasurers have a duty to refund non-compliant contributions. The definition of 'digital wallet' and 'internet credit or debit card contribution' are provided.

What does REQUIRING NAME ON CREDIT OR DEBIT CARD TO BE NAME OF DONOR AS of Campaign Finance Transparency Act do?

This section amends the Federal Election Campaign Act of 1971 It adds a condition for accepting credit or debit card contributions The name on the card must match the donor's name

What does PROHIBITING ACCEPTANCE OF CONTRIBUTIONS MADE USING GIFT CARDS of Campaign Finance Transparency Act do?

This section amends the Federal Election Campaign Act of 1971 to prohibit political committees from knowingly accepting contributions made through gift certificates or store gift cards. The Electronic Fund Transfer Act's definitions of 'gift certificate' and 'store gift card' apply to this prohibition. A political committee's treasurer has a duty to refund contributions that are not compliant with this subsection if they are aware of the non-compliance. If a political committee's treasurer demonstrates best efforts to comply with this subsection, the committee will be considered in compliance.

What does REMOVAL OF THRESHOLD FOR REPORTING CONTRIBUTIONS. of Campaign Finance Transparency Act do?

This section amends Section 304 of the Federal Election Campaign Act of 1971. The amendment removes a threshold related to reporting contributions. Specifically, it strikes language referencing an aggregate amount or value in excess of $200 in several subparagraphs of subsection (b)(3). It also strikes the phrase 'in excess of $200' in subsection (c)(2)(C). Finally, the amendment modifies subsection (e)(3) by striking 'receipts or' and altering the referenced paragraphs.

What does PROHIBITING AIDING OR ABETTING MAKING OF CONTRIBUTION IN THE of Campaign Finance Transparency Act do?

Section 320 of the Federal Election Campaign Act of 1971 (52 U.S.C. 30122) is amended. The amendment adds a prohibition against knowingly directing, helping, or assisting another person in making a contribution in the name of another. Recipients of contributions are required to report suspected contributions made by one person in the name of another to the Federal Election Commission.

What does REGULATIONS. of Campaign Finance Transparency Act do?

This section requires the Federal Election Commission (FEC) to create regulations. The regulations are intended to implement amendments made by this Act. The FEC must finalize these regulations within 90 days of the Act's enactment. The FEC is directed to consult with representatives of payment card networks and other stakeholders during the rulemaking process.

What does EFFECTIVE DATE. of Campaign Finance Transparency Act do?

This section establishes the effective date for amendments made by the Act. The amendments apply to contributions made after a 90-day period. The 90-day period begins on the date the Commission promulgates regulations under section 7.

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Campaign Finance Transparency Act

Last updated: 5/14/2026 · Introduced: 5/11/2026

Author: Bryan Steil (R-WI)

TL;DR (AI)

This bill requires political committees accepting online credit or debit card contributions to collect the card verification value or code and billing ZIP code, with exceptions for recurring contributions and digital wallets.
The bill prohibits political committees from accepting contributions made using gift cards or store gift cards and mandates the refund of any non-compliant contributions.
This legislation removes contribution reporting thresholds from the Federal Election Campaign Act, and prohibits individuals from directing, helping, or assisting another person in making a contribution in the name of another.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 7 more.

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