Inaugural Fund Integrity Act
Inaugural Fund Integrity Act
Plain Language Summary
# Inaugural Fund Integrity Act Summary **What the Bill Does:** The Inaugural Fund Integrity Act would place new restrictions on money donated to presidential inaugural committees—the organizations that raise funds to pay for inauguration ceremonies and events. The bill would ban donations from corporations and foreign nationals, cap how much individual donors can give, and prohibit people from donating money in someone else's name. It would also require that donated money cannot be converted to personal use by committee officials or the incoming president. **Who It Affects:** This bill directly affects presidential inaugural committees, major donors, corporations, and foreign entities.
It also impacts the incoming president and their team, as it restricts how inaugural funds can be used. The Federal Election Commission would be responsible for receiving and monitoring the required donation disclosures. **Current Status:** The bill (HR 535) was introduced in the 119th Congress by Representative Mary Gay Scanlon (D-PA) and is currently in committee, meaning it has not yet been debated or voted on by the full House of Representatives. The bill falls under election law and government ethics regulations.
CRS Official Summary
Inaugural Fund Integrity ActThis bill limits donations to inaugural committees and requires these committees to disclose donations and disbursements.Specifically, inaugural committees may not solicit, accept, or receive donations from corporations or foreign nationals. An individual may not make a donation in the name of another individual or authorize his or her name to be used to make such a donation. In addition, foreign nationals may not make donations or make promises to make donations to inaugural committees.Further, the bill caps the amount an individual may donate to an inaugural committee.Donations to inaugural committees may not be converted to personal use.Finally, inaugural committees must report certain information on donations and disbursements to the Federal Election Commission.
Latest 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.