Sponsors (14)
The bill increases transparency and reduces corporate/foreign and very large-donor influence over inaugural fundraising, but does so at the cost of greater disclosure and reporting requirements that reduce donor privacy, raise compliance burdens, and may limit fundraising flexibility.
Taxpayers and voters: caps individual contributions to inaugural committees at $50,000, reducing the potential influence of very large donors on inaugural activities.
Taxpayers: bans corporate and foreign national donations to inaugural committees, lowering risks of corporate or foreign influence on inaugural events.
Taxpayers and the public: requires rapid disclosure (24-hour for $1,000+ gifts) and a full post‑inaugural accounting within 90 days, increasing transparency about who gives and how money is spent.
Donors (including middle-class donors): requires names and addresses for gifts of $200+, reducing donor privacy and anonymity.
Inaugural committees and staff (including federal employees and nonprofits): imposes substantial reporting requirements (24‑hour reports and detailed final accounting) that increase compliance costs and administrative burden.
Taxpayers and organizers: the $50,000 individual cap may reduce fundraising capacity for large inaugural events, potentially shrinking event scope or shifting costs elsewhere.
Based on analysis of 2 sections of legislative text.
Prohibits non‑individual and foreign donations to presidential inaugural committees, caps individual giving at $50,000, and requires fast donor reporting and detailed post‑inaugural disclosure.
Prohibits presidential inaugural committees from taking donations from corporations, unions, or foreign nationals, bars donations made in another person’s name or converted to personal use, and sets a $50,000 aggregate cap on individual contributions. It requires near‑real‑time reporting of large individual gifts and detailed post‑inaugural disclosure of donors and spending, and makes compliance a condition for being recognized as an Inaugural Committee; the rules apply to inaugurations in 2029 and after.
Introduced January 16, 2025 by Mary Gay Scanlon · Last progress January 16, 2025