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US HB535
Bill
Status
1/16/2025
Primary Sponsor
Mary Gay Scanlon
Click for details
AI Summary
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Prohibits Inaugural Committees from accepting donations from non-individuals (corporations, organizations), foreign nationals, and straw donors who give in another person's name
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Caps individual donations to Inaugural Committees at $50,000, with indexing for inflation beginning in the 2032 presidential election year
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Requires disclosure of donations over $1,000 within 24 hours of receipt, reported to the Federal Election Commission
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Mandates a final report within 90 days of the inauguration detailing all donations of $200 or more and all disbursements by category, including operating expenses, loan repayments, and refunds
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Applies to inaugurations held in 2029 and thereafter; amends the Federal Election Campaign Act of 1971 to add these requirements
Legislative Description
Inaugural Fund Integrity Act
Government operations and politics
Last Action
Referred to the Committee on House Administration, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1/16/2025