Sponsors (187)
Official title: To amend the Federal Election Campaign Act of 1971 to provide for additional disclosure requirements for corporations, labor organizations, Super PACs and other entities, and for other purposes.
Introduced March 4, 2026 by Chris Pappas · Last progress March 4, 2026
The bill increases transparency and enforcement to curb foreign and concealed election spending and modernizes disclosure for digital formats, but it does so at the cost of greater privacy risks, higher compliance and legal burdens, and potential chilling effects on small groups and vulnerable communities.
Voters and the public gain substantially more information about who pays for political ads and communications because organizations must disclose top funders, beneficial owners, and make funder details searchable.
Federal, state, and local elections are better protected from foreign influence because the bill clarifies prohibited disbursements, treats certain foreign-tainted transfers as contributions, and strengthens detection/enforcement.
Enforcement is strengthened through new criminal offenses and enhanced civil remedies (penalties, injunctions) that deter use of shell entities, minors, or concealed funds to influence elections.
Donors (including small donors) and targeted communities face increased privacy and harassment risk because expanded disclosure and publication of funders/beneficial owners makes political support public.
Nonprofits, small groups, campaigns, platforms, and advertisers will face higher compliance, recordkeeping, reporting, and legal costs from new disclosure thresholds, definitions, and expedited reporting deadlines.
Broad definitions and reporting triggers could chill lawful speech by nonprofits, media, and small communicators because routine issue advocacy or brief communications might become subject to disclosure and rapid reporting requirements.
Based on analysis of 6 sections of legislative text.
Tightens disclosure of political spending, expands the foreign-contribution ban, requires GAO studies on illicit foreign money, limits minors' political spending, and modernizes disclaimer rules.
Creates tougher disclosure and enforcement rules for campaign-related spending, expands the definition of prohibited foreign-influenced contributions, tightens disclaimers for paid communications, adds new limits and reporting for minors' political spending, centralizes expedited judicial review in D.C., and requires recurring GAO studies on illicit foreign money in federal elections. Some changes take effect on enactment; new disclaimer rules start January 1, 2027, and the GAO study cycle begins with the 2024 presidential cycle.