119-s118

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 118 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 118

 To require additional disclosures relating to donations to the 
 Presidential Inaugural Committee, and for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 January 16, 2025

 Ms. Cortez Masto (for herself, Mr. Whitehouse, Mr. Van Hollen, Mr. 
Markey, and Mr. Merkley) introduced the following bill; which was read 
 twice and referred to the Committee on the Judiciary

_______________________________________________________________________

 A BILL

 To require additional disclosures relating to donations to the 
 Presidential Inaugural Committee, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Inaugural Committee Transparency Act 
of 2025''.

SEC. 2. DISCLOSURE OF CERTAIN DONATIONS TO AND SPENDING BY THE 
 PRESIDENTIAL INAUGURAL COMMITTEE.

 

Section 510 of title 36, United States Code, is amended--

    (1) in subsection

    (b) --
        (A) in paragraph

    (1) , by inserting ``, and 
 disclosing any disbursement made in an amount equal to 
 or greater than $200 and the purpose of each 
 disbursement'' before the period at the end; and
        (B) in paragraph

    (2) --
            (i) in subparagraph
        (B) , by striking 
 ``and'' at the end;
            (ii) in subparagraph
            (C) , by striking the 
 period at the end and inserting ``; and''; and
            (iii) by adding at the end the following:
 ``
            (D) for any disbursement in an amount equal to or 
 greater than $200 that is made, including any such 
 disbursement made after the end of the inaugural 
 period--
 ``
            (i) the name and address of the person to 
 whom the disbursement was made;
 ``
            (ii) the date on which the disbursement 
 was made; and
 ``
            (iii) the total amount and purpose of the 
 disbursement.'';

    (2) by amending subsection
            (c) to read as follows:
 ``
            (c) Prohibition.--
 ``

    (1) In general.--It shall be unlawful--
 ``
        (A) for an Inaugural Committee to solicit, 
 accept, or receive a donation from a foreign national;
 ``
        (B) for a person--
 ``
            (i) to make a donation to an Inaugural 
 Committee in the name of another person, or to 
 knowingly authorize his or her name to be used 
 to effect such a donation; or
 ``
            (ii) to knowingly accept a donation to an 
 Inaugural Committee made by a person in the 
 name of another person;
 ``
            (C) for a foreign national to, directly or 
 indirectly, make a donation, or make an express or 
 implied promise to make a donation, to an Inaugural 
 Committee; or
 ``
            (D) to convert a donation to an Inaugural 
 Committee to personal use as described in paragraph

    (3) .
 ``

    (2) Definition of foreign national.--In this subsection, 
 the term `foreign national' has the meaning given the term in 
 

section 319

    (b) of the Federal Election Campaign Act of 1971 (52 
 U.S.C. 30121

    (b) ).
 ``

    (3) Conversion of donation to personal use.--For purposes 
 of paragraph

    (1)
            (D) , a donation shall be considered to be 
 converted to personal use if any part of the donated amount is 
 used to fulfill a commitment, obligation, or expense of a 
 person that would exist irrespective of the responsibilities of 
 the Inaugural Committee.''; and

    (3) by adding at the end the following:
 ``
            (d) Requirement.--
 ``

    (1) In general.--Not later than the date that is 90 days 
 after the date of the Presidential inaugural ceremony, the 
 Inaugural Committee shall disburse any remaining donated funds 
 to an organization described in 

section 501
            (c) (3) of the 
 Internal Revenue Code of 1986 and exempt from taxation under 
 

section 501

    (a) of such Code.
 ``

    (2) Extension.--
 ``
        (A) Request.--Upon request from the Inaugural 
 Committee, the Federal Election Commission may extend 
 the 90-day period described in paragraph

    (1) .
 ``
        (B) Supplemental report.--In the case of an 
 extension under subparagraph
        (A) , the Inaugural 
 Committee shall, not later than the last day of the 
 extension period, file a supplement to the report 
 required under subsection

    (b)

    (1) .''.
 <all>