Inaugural Fund Integrity Act
This bill limits donations to inaugural committees and requires these committees to disclose donations and disbursements.
Specifically, inaugural committees may not solicit, accept, or receive donations from corporations or foreign nationals. An individual may not make a donation in the name of another individual or authorize his or her name to be used to make such a donation. In addition, foreign nationals may not make donations or make promises to make donations to inaugural committees.
Further, the bill caps the amount an individual may donate to an inaugural committee.
Donations to inaugural committees may not be converted to personal use.
Finally, inaugural committees must report certain information on donations and disbursements to the Federal Election Commission.
To amend the Federal Election Campaign Act of 1971 to prohibit certain 
    donations to Inaugural Committees, to establish limitations on 
  donations to Inaugural Committees, to require certain reporting by 
             Inaugural Committees, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Inaugural Fund Integrity Act''.

SEC. 2. LIMITATIONS AND DISCLOSURE OF CERTAIN DONATIONS TO, AND 
              DISBURSEMENTS BY, INAUGURAL COMMITTEES.

    (a) Requirements for Inaugural Committees.--Title III of the 
Federal Election Campaign Act of 1971 (52 U.S.C. 30101 et seq.) is 
amended by adding at the end the following new section:

``SEC. 325. INAUGURAL COMMITTEES.

    ``(a) Prohibited Donations.--
            ``(1) In general.--It shall be unlawful--
                    ``(A) for an Inaugural Committee--
                            ``(i) to solicit, accept, or receive a 
                        donation from a person that is not an 
                        individual; or
                            ``(ii) to solicit, accept, or receive a 
                        donation from a foreign national;
                    ``(B) for a person--
                            ``(i) to make a donation to an Inaugural 
                        Committee in the name of another person, or to 
                        knowingly authorize his or her name to be used 
                        to effect such a donation;
                            ``(ii) to knowingly accept a donation to an 
                        Inaugural Committee made by a person in the 
                        name of another person; or
                            ``(iii) to convert a donation to an 
                        Inaugural Committee to personal use as 
                        described in paragraph (2); and
                    ``(C) for a foreign national to, directly or 
                indirectly, make a donation, or make an express or 
                implied promise to make a donation, to an Inaugural 
                Committee.
            ``(2) Conversion of donation to personal use.--For purposes 
        of paragraph (1)(B)(iii), a donation shall be considered to be 
        converted to personal use if any part of the donated amount is 
        used to fulfill a commitment, obligation, or expense of a 
        person that would exist irrespective of the responsibilities of 
        the Inaugural Committee under chapter 5 of title 36, United 
        States Code.
            ``(3) No effect on disbursement of unused funds to 
        nonprofit organizations.--Nothing in this subsection may be 
        construed to prohibit an Inaugural Committee from disbursing 
        unused funds to an organization which is described in section 
        501(c)(3) of the Internal Revenue Code of 1986 and is exempt 
        from taxation under section 501(a) of such Code.
    ``(b) Limitation on Donations.--
            ``(1) In general.--It shall be unlawful for an individual 
        to make donations to an Inaugural Committee which, in the 
        aggregate, exceed $50,000.
            ``(2) Indexing.--At the beginning of each Presidential 
        election year (beginning with 2028), the amount described in 
        paragraph (1) shall be increased by the cumulative percent 
        difference determined in section 315(c)(1)(A) since the 
        previous Presidential election year. If any amount after such 
        increase is not a multiple of $1,000, such amount shall be 
        rounded to the nearest multiple of $1,000.
    ``(c) Disclosure of Certain Donations and Disbursements.--
            ``(1) Donations over $1,000.--
                    ``(A) In general.--An Inaugural Committee shall 
                file with the Commission a report disclosing any 
                donation by an individual to the committee in an amount 
                of $1,000 or more not later than 24 hours after the 
                receipt of such donation.
                    ``(B) Contents of report.--A report filed under 
                subparagraph (A) shall contain--
                            ``(i) the amount of the donation;
                            ``(ii) the date the donation is received; 
                        and
                            ``(iii) the name and address of the 
                        individual making the donation.
            ``(2) Final report.--Not later than the date that is 90 
        days after the date of the Presidential inaugural ceremony, the 
        Inaugural Committee shall file with the Commission a report 
        containing the following information:
                    ``(A) For each donation of money or anything of 
                value made to the committee in an aggregate amount 
                equal to or greater than $200--
                            ``(i) the amount of the donation;
                            ``(ii) the date the donation is received; 
                        and
                            ``(iii) the name and address of the 
                        individual making the donation.
                    ``(B) The total amount of all disbursements, and 
                all disbursements in the following categories:
                            ``(i) Disbursements made to meet committee 
                        operating expenses.
                            ``(ii) Repayment of all loans.
                            ``(iii) Donation refunds and other offsets 
                        to donations.
                            ``(iv) Any other disbursements.
                    ``(C) The name and address of each person--
                            ``(i) to whom a disbursement in an 
                        aggregate amount or value in excess of $200 is 
                        made by the committee to meet a committee 
                        operating expense, together with date, amount, 
                        and purpose of such operating expense;
                            ``(ii) who receives a loan repayment from 
                        the committee, together with the date and 
                        amount of such loan repayment;
                            ``(iii) who receives a donation refund or 
                        other offset to donations from the committee, 
                        together with the date and amount of such 
                        disbursement; and
                            ``(iv) to whom any other disbursement in an 
                        aggregate amount or value in excess of $200 is 
                        made by the committee, together with the date 
                        and amount of such disbursement.
    ``(d) Definitions.--For purposes of this section:
            ``(1)(A) The term `donation' includes--
                    ``(i) any gift, subscription, loan, advance, or 
                deposit of money or anything of value made by any 
                person to the committee; or
                    ``(ii) the payment by any person of compensation 
                for the personal services of another person which are 
                rendered to the committee without charge for any 
                purpose.
            ``(B) The term `donation' does not include the value of 
        services provided without compensation by any individual who 
        volunteers on behalf of the committee.
            ``(2) The term `foreign national' has the meaning given 
        that term by section 319(b).
            ``(3) The term `Inaugural Committee' has the meaning given 
        that term by section 501 of title 36, United States Code.''.
    (b) Confirming Amendment Related to Reporting Requirements.--
Section 304 of the Federal Election Campaign Act (52 U.S.C. 30104) is 
amended--
            (1) by striking subsection (h); and
            (2) by redesignating subsection (i) as subsection (h).
    (c) Conforming Amendment Related to Status of Committee.--Section 
510 of title 36, United States Code, is amended to read as follows:
``Sec. 510. Disclosure of and prohibition on certain donations
    ``A committee shall not be considered to be the Inaugural Committee 
for purposes of this chapter unless the committee agrees to, and meets, 
the requirements of section 325 of the Federal Election Campaign Act of 
1971.''.
    (d) Effective Date.--The amendments made by this Act shall apply 
with respect to Inaugural Committees established under chapter 5 of 
title 36, United States Code, for inaugurations held in 2025 and any 
succeeding year.
                                 <all>
Inaugural Fund Integrity Act
To amend the Federal Election Campaign Act of 1971 to prohibit certain donations to Inaugural Committees, to establish limitations on donations to Inaugural Committees, to require certain reporting by Inaugural Committees, and for other purposes.
Inaugural Fund Integrity Act
Rep. Scanlon, Mary Gay