The Inaugural Fund Integrity Act would have significant implications for the oversight of campaign finance, particularly in relation to Inaugural Committees. By prohibiting entities other than individuals from donating and regulating the maximum amount allowed from individual donors, the legislation aims to reduce potential conflicts of interest and the influence of corporate or foreign money in American politics. Additionally, the new reporting requirements will ensure that any donation above $1,000 is disclosed within a 24-hour window, increasing accountability for contributions and expenditures. This level of transparency may deter illicit or unethical financial practices within political fundraising.
Summary
House Bill 6312, known as the Inaugural Fund Integrity Act, aims to amend the Federal Election Campaign Act of 1971 by introducing new regulations concerning the funding and operation of Inaugural Committees. The bill seeks to prohibit donations made by entities other than individuals, and it disallows contributions from foreign nationals. Furthermore, it imposes a limit on donations from individuals, capping the total contributions to Inaugural Committees at $50,000, which will be indexed for inflation in subsequent presidential election years. This act is intended to enhance the integrity and transparency of funding for presidential inaugural events.
Contention
While the bill is supported by many as a necessary step towards greater accountability in campaign finance, it may face opposition concerning its restrictions on fundraising. Critics could argue that such limitations potentially constrain the financial viability of Inaugural Committees and might diminish the celebratory nature of the inauguration process. Moreover, the ban on foreign contributions, while widely supported, raises discussions on the balance between protecting electoral integrity and ensuring that the contributions landscape remains open and competitive. As the bill progresses, debates around these contentious points will likely emerge, influencing its final form.
Inaugural Fund Integrity ActThis 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.
A concurrent resolution establishing the Joint Congressional Committee on Inaugural Ceremonies for the inauguration of the President-elect and Vice President-elect of the United States on January 20, 2025.
Campaign finance: contributions and expenditures; provision related to officeholders raising funds when facing a recall; modify, and require candidate to establish a separate account used for recall purposes. Amends secs. 3, 11, 12, 21, 24 & 52 of 1976 PA 388 (MCL 169.203 et seq.) & adds sec. 21b.
Campaign finance: contributions and expenditures; funds donated to a candidate for recall efforts; require candidate to establish a separate account used for recall purposes. Amends secs. 3, 11, 12, 21, 24 & 52 of 1976 PA 388 (MCL 169.203 et seq.) & adds sec. 21b.
A concurrent resolution recognizing wild rice as sacred and central to the culture and health of Indigenous Peoples in Minnesota and critical to the health and identity of all Minnesota citizens and ecosystems and establishing a commitment to passing legislation to protect wild rice and the freshwater resources upon which it depends.