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Introduced on January 16, 2025 by Mary Gay Scanlon
This bill sets strict rules for money given to Presidential Inaugural Committees. Only individual people may donate. Companies and foreign nationals are banned from giving, and no one can donate in someone else’s name. Donations can’t be used for personal expenses that aren’t tied to the inauguration, but any leftover funds may be given to charities that are 501(c)(3) nonprofits. It also limits how much a person can give and requires quick, detailed reporting of donations and spending to the Federal Election Commission.
The bill caps individual donations at $50,000 total, with the cap adjusting for inflation starting in 2032. Inaugural Committees must report any donation of $1,000 or more within 24 hours, and file a full report within 90 days after the inauguration that lists donors who gave $200 or more and explains where the money went. To be recognized as an official Inaugural Committee, a group must follow these rules. These changes apply to inaugurations in 2029 and after .