New Limits and Transparency Rules for Presidential Inaugural Funding.
This law establishes strict limits and disclosure requirements for committees organizing presidential inaugurations to enhance transparency. It prevents corporations, unions, and foreign entities from funding these events, ensuring that large individual donations are quickly made public. These changes aim to reduce potential financial influence on the incoming administration, taking effect starting with the 2025 inauguration.
Key points
Bans donations to Inaugural Committees from corporations, unions, and foreign nationals.
Sets an individual donation limit of $50,000, subject to future inflation adjustments every four years.
Requires disclosure of all donations over $1,000 within 24 hours, ensuring immediate financial transparency.
Prohibits the conversion of donated funds for personal use by committee members or related individuals.
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