Inaugural Committee Transparency Act of 2025
The Inaugural Committee Transparency Act of 2025 would tighten reporting and spending rules for the Presidential Inaugural Committee (PIC). It requires more detailed disclosures of how funds are spent (any disbursement of $200 or more must be itemized with purpose), expands prohibitions on who can contribute (foreign nationals are barred, and donors may not donate in someone else’s name or use a donation from someone else), and adds rules to prevent donations from being converted into personal use. Additionally, the bill requires that any remaining donated funds be distributed to a qualified 501(c)(3) organization within 90 days after the inauguration, with the Federal Election Commission able to extend that deadline if asked, in which case a supplement to the donor and spending report must be filed. Overall, the bill aims to increase transparency and prevent foreign influence or misuse of inaugural funds.
Key Points
- 1Expanded disclosure of spending: Any PIC disbursement of $200 or more must be disclosed, including the purpose of the disbursement, with the information added to the existing reporting.
- 2Tightened donor restrictions: Prohibits foreign nationals from donating to the PIC and prohibits donations made in someone else’s name or accepted in another person’s name; also prohibits donors from promising or attempting to donate on behalf of another person.
- 3Expanded reporting for post-inauguration disbursements: For disbursements of $200 or more, the PIC must disclose the recipient’s name and address, the date, and the total amount and purpose, including disbursements made after the inaugural period.
- 4Personal-use prohibition: Clarifies that converting a donation to personal use (using funds to fulfill a personal obligation or expense) is unlawful.
- 5Final-use requirement for remaining funds: Requires remaining donated funds to be disbursed to a 501(c)(3) organization within 90 days after the inauguration; the FEC can extend this period, and the PIC must file a supplemental report if extended.