Sponsors (5)
The bill increases transparency and reduces foreign-influence and misuse risks for inaugural funds, but it imposes new compliance costs and tight deadlines that can force rushed spending and create legal uncertainty for organizers and volunteers.
Taxpayers, donors, and nonprofits will get clearer public accountability because inaugural committees must publicly disclose disbursements of $200 or more (payee, amount, date, purpose).
Taxpayers, federal employees, and the public face lower risk of foreign influence because the bill bans solicitations, contributions, and donations made in another person's name by foreign nationals.
Donors and the public are better protected from misuse because donations cannot be converted to personal use and leftover inaugural funds must be routed to registered charities within 90 days.
Inaugural committees, nonprofits, and ultimately taxpayers will face higher compliance costs to collect, verify, and publicly report detailed disbursement information for amounts of $200 or more.
Nonprofits and intended beneficiaries risk receiving rushed or poorly vetted grants because the 90-day requirement for disposing of leftover funds can pressure rapid decisions or asset sales.
Volunteers, staff, and federal employees may face legal uncertainty from a broad ban on donations 'in another person's name' and a strict conversion definition, potentially causing conservative withholding of funds pending legal review.
Based on analysis of 2 sections of legislative text.
Expands reporting for inaugural committees (disbursements $200+), bans foreign/disguised donations and personal use, and requires leftover funds go to 501(c)(3)s within 90 days (FEC may extend).
Requires Presidential inaugural committees to report detailed disbursements of $200 or more, ban foreign-national and disguised donations, bar converting donations for personal use, and send any remaining donated funds to a 501(c)(3) charity within 90 days after the inaugural ceremony (with FEC-granted extensions allowed). Also expands recipient and reporting rules by requiring payee name and address, date, amount, and purpose for covered disbursements and a supplemental report if the FEC grants an extension of the 90-day disposal period.
Introduced January 16, 2025 by Catherine Marie Cortez Masto · Last progress January 16, 2025