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New Transparency Rules for Presidential Inaugural Committee Donations and Spending.

This Act significantly increases transparency for Presidential Inaugural Committees by requiring detailed disclosure of all spending over $200. It strictly prohibits donations from foreign nationals and bans the use of donated funds for personal expenses. These changes aim to ensure accountability and limit foreign influence in the transition of power.
Key points
Mandatory disclosure of all Inaugural Committee spending equal to or greater than $200, including the purpose and recipient's details.
Total ban on soliciting or accepting donations from foreign nationals by Inaugural Committees.
Prohibition on converting donated funds for personal use, defined as expenses existing regardless of the Committee's duties.
Any remaining funds must be donated to a qualified charity (501(c)(3) organization) within 90 days after the inauguration.
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Additional Information
Print number: 118_S_3616
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2024-01-18
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OFFICIAL LEGAL TITLE

Inaugural Committee Transparency Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3616.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-01-18.

What are the main provisions?

Key points include:

  • Mandatory disclosure of all Inaugural Committee spending equal to or greater than $200, including the purpose and recipient's details.
  • Total ban on soliciting or accepting donations from foreign nationals by Inaugural Committees.
  • Prohibition on converting donated funds for personal use, defined as expenses existing regardless of the Committee's duties.
  • Any remaining funds must be donated to a qualified charity (501(c)(3) organization) within 90 days after the inauguration.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cortez Masto, Catherine [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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