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Online Political Donations: New Transparency Rules for Credit Card Payments.

This proposed law aims to increase transparency in political organization funding. It mandates that all online credit card contributions require the disclosure of the billing address and credit verification value (CVV). This measure seeks to prevent anonymous donations and enhance accountability for funds contributed.
Key points
All online credit card contributions to political organizations will require the donor's billing address.
The credit verification value (CVV) of the credit card must also be provided.
These changes will apply to contributions made in taxable years beginning after the law's enactment date.
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Additional Information
Print number: 118_HR_3636
Sponsor: Rep. Gaetz, Matt [R-FL-1]
Process start date: 2023-05-24