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Post-Election Campaign Funds: Ending Money for Influence Buying

This act aims to ensure that unspent campaign funds and political action committee money are accounted for after elections. It limits the ability of former candidates to use these funds for lobbying or working for foreign governments, increasing transparency and reducing potential post-election influence peddling.
Key points
Former campaign committees and PACs must disburse all remaining funds after an election within a specific timeframe.
Money can be returned to donors or given to charities, but cannot support organizations linked to the former candidate or their family.
Former candidates who become lobbyists or foreign agents must certify that their campaign funds have been properly disbursed.
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Additional Information
Print number: 117_S_3165
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2021-11-04