Sponsors (14)
The bill strengthens transparency and limits outside influence on inaugural fundraising—especially from corporations, foreign nationals, and very large donors—but does so at the cost of donor privacy, added compliance burdens, potential impacts on event fundraising capacity, and some exposure of vendor details.
Taxpayers and the public: bans corporate and foreign-national donations to inaugural committees, reducing risk of foreign or corporate influence on inaugural events.
Voters and taxpayers: caps individual contributions to inaugural committees at $50,000 total, limiting outsized influence by very wealthy donors on inaugural activities.
Taxpayers, watchdogs, and donors: requires rapid public reporting of large gifts (24‑hour for $1,000+) and a full post‑inaugural accounting within 90 days and bans converting donations to personal use, increasing transparency and accountability of inaugural finances.
Donors (including middle-class donors): requiring names and addresses for gifts $200+ reduces donor anonymity and raises privacy concerns for people who prefer to give anonymously.
Inaugural committees, nonprofits, and federal staff: 24‑hour reporting and detailed final accounting impose substantial compliance burdens and ongoing administrative costs.
Organizers and the public: the $50,000 individual cap could reduce fundraising capacity for large inaugural events, possibly shrinking programs or shifting costs to other sources (including taxpayers).
Based on analysis of 2 sections of legislative text.
Creates donor eligibility limits and fast-reporting disclosure rules for presidential inaugural committees, bans corporate and foreign donations, and caps individual gifts at $50,000 (indexed).
Official title: To amend the Federal Election Campaign Act of 1971 to prohibit certain donations to Inaugural Committees, to establish limitations on donations to Inaugural Committees, to require certain reporting by Inaugural Committees, and for other purposes.
Introduced January 16, 2025 by Mary Gay Scanlon · Last progress January 16, 2025
Creates new federal rules for presidential inaugural committees starting with the 2029 inauguration: bans donations from corporations and foreign nationals, bars conduit/straw donations and personal use of funds, caps aggregate individual giving at $50,000 (indexed starting 2032), requires fast reporting of large gifts and a detailed final disclosure within 90 days, and conditions official inaugural committee status on compliance with these rules.