What is the official ID of this bill?
The official print number for this legislation is HR 1334.
Increased Transparency in Election Funding: Donor Disclosure and Foreign Influence Ban.
This Act significantly increases campaign finance transparency by requiring organizations spending large amounts on political advertising to disclose their major donors and beneficial owners. It introduces strict rules to completely eliminate foreign influence in election spending decisions at all levels. These changes empower citizens to better identify the true sources behind political communications and advertisements, enhancing accountability and electoral integrity.
Key points
Mandatory disclosure of major donors (over $10,000) by organizations making campaign-related disbursements (Super PACs, non-profits).
Implementation of the “Stand By Every Ad” rule, requiring political ads (audio/video) to list the top five or top two largest funders, increasing transparency of funding sources.
Strengthening the prohibition on foreign nationals participating in election spending decisions, extending it to state and local referenda.
New criminal penalties for establishing corporations to conceal foreign election contributions, protecting elections from illegal external influence.
Status:
Expired
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