Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB118 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	II
2	2	119THCONGRESS
3	3	1
4	4	STSESSION S. 118
5	5	To require additional disclosures relating to donations to the Presidential
6	6	Inaugural Committee, and for other purposes.
7	7	IN THE SENATE OF THE UNITED STATES
8	8	JANUARY16, 2025
9	9	Ms. C
10	10	ORTEZMASTO(for herself, Mr. WHITEHOUSE, Mr. VANHOLLEN, Mr.
11	11	M
12	12	ARKEY, and Mr. MERKLEY) introduced the following bill; which was
13	13	read twice and referred to the Committee on the Judiciary
14	14	A BILL
15	15	To require additional disclosures relating to donations to
16	16	the Presidential Inaugural Committee, and for other pur-
17	17	poses.
18	18	Be it enacted by the Senate and House of Representa-1
19	19	tives of the United States of America in Congress assembled, 2
20	20	SECTION 1. SHORT TITLE. 3
21	21	This Act may be cited as the ‘‘Inaugural Committee 4
22	22	Transparency Act of 2025’’. 5
23	23	VerDate Sep 11 2014 05:22 Feb 14, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S118.IS S118
24	24	kjohnson on DSK7ZCZBW3PROD with $$_JOB 2
25	25	•S 118 IS
26	26	SEC. 2. DISCLOSURE OF CERTAIN DONATIONS TO AND 1
27	27	SPENDING BY THE PRESIDENTIAL INAU-2
28	28	GURAL COMMITTEE. 3
29	29	Section 510 of title 36, United States Code, is 4
30	30	amended— 5
31	31	(1) in subsection (b)— 6
32	32	(A) in paragraph (1), by inserting ‘‘, and 7
33	33	disclosing any disbursement made in an amount 8
34	34	equal to or greater than $200 and the purpose 9
35	35	of each disbursement’’ before the period at the 10
36	36	end; and 11
37	37	(B) in paragraph (2)— 12
38	38	(i) in subparagraph (B), by striking 13
39	39	‘‘and’’ at the end; 14
40	40	(ii) in subparagraph (C), by striking 15
41	41	the period at the end and inserting ‘‘; 16
42	42	and’’; and 17
43	43	(iii) by adding at the end the fol-18
44	44	lowing: 19
45	45	‘‘(D) for any disbursement in an amount 20
46	46	equal to or greater than $200 that is made, in-21
47	47	cluding any such disbursement made after the 22
48	48	end of the inaugural period— 23
49	49	‘‘(i) the name and address of the per-24
50	50	son to whom the disbursement was made; 25
51	51	VerDate Sep 11 2014 05:22 Feb 14, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S118.IS S118
52	52	kjohnson on DSK7ZCZBW3PROD with $$_JOB 3
53	53	•S 118 IS
54	54	‘‘(ii) the date on which the disburse-1
55	55	ment was made; and 2
56	56	‘‘(iii) the total amount and purpose of 3
57	57	the disbursement.’’; 4
58	58	(2) by amending subsection (c) to read as fol-5
59	59	lows: 6
60	60	‘‘(c) P
61	61	ROHIBITION.— 7
62	62	‘‘(1) I
63	63	N GENERAL.—It shall be unlawful— 8
64	64	‘‘(A) for an Inaugural Committee to solicit, 9
65	65	accept, or receive a donation from a foreign na-10
66	66	tional; 11
67	67	‘‘(B) for a person— 12
68	68	‘‘(i) to make a donation to an Inau-13
69	69	gural Committee in the name of another 14
70	70	person, or to knowingly authorize his or 15
71	71	her name to be used to effect such a dona-16
72	72	tion; or 17
73	73	‘‘(ii) to knowingly accept a donation 18
74	74	to an Inaugural Committee made by a per-19
75	75	son in the name of another person; 20
76	76	‘‘(C) for a foreign national to, directly or 21
77	77	indirectly, make a donation, or make an express 22
78	78	or implied promise to make a donation, to an 23
79	79	Inaugural Committee; or 24
80	80	VerDate Sep 11 2014 05:22 Feb 14, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S118.IS S118
81	81	kjohnson on DSK7ZCZBW3PROD with $$_JOB 4
82	82	•S 118 IS
83	83	‘‘(D) to convert a donation to an Inaugural 1
84	84	Committee to personal use as described in para-2
85	85	graph (3). 3
86	86	‘‘(2) D
87	87	EFINITION OF FOREIGN NATIONAL .—In 4
88	88	this subsection, the term ‘foreign national’ has the 5
89	89	meaning given the term in section 319(b) of the 6
90	90	Federal Election Campaign Act of 1971 (52 U.S.C. 7
91	91	30121(b)). 8
92	92	‘‘(3) C
93	93	ONVERSION OF DONATION TO PERSONAL 9
94	94	USE.—For purposes of paragraph (1)(D), a donation 10
95	95	shall be considered to be converted to personal use 11
96	96	if any part of the donated amount is used to fulfill 12
97	97	a commitment, obligation, or expense of a person 13
98	98	that would exist irrespective of the responsibilities of 14
99	99	the Inaugural Committee.’’; and 15
100	100	(3) by adding at the end the following: 16
101	101	‘‘(d) R
102	102	EQUIREMENT.— 17
103	103	‘‘(1) I
104	104	N GENERAL.—Not later than the date 18
105	105	that is 90 days after the date of the Presidential in-19
106	106	augural ceremony, the Inaugural Committee shall 20
107	107	disburse any remaining donated funds to an organi-21
108	108	zation described in section 501(c)(3) of the Internal 22
109	109	Revenue Code of 1986 and exempt from taxation 23
110	110	under section 501(a) of such Code. 24
111	111	‘‘(2) E
112	112	XTENSION.— 25
113	113	VerDate Sep 11 2014 05:22 Feb 14, 2025 Jkt 059200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S118.IS S118
114	114	kjohnson on DSK7ZCZBW3PROD with $$_JOB 5
115	115	•S 118 IS
116	116	‘‘(A) REQUEST.—Upon request from the 1
117	117	Inaugural Committee, the Federal Election 2
118	118	Commission may extend the 90-day period de-3
119	119	scribed in paragraph (1). 4
120	120	‘‘(B) S
121	121	UPPLEMENTAL REPORT .—In the 5
122	122	case of an extension under subparagraph (A), 6
123	123	the Inaugural Committee shall, not later than 7
124	124	the last day of the extension period, file a sup-8
125	125	plement to the report required under subsection 9
126	126	(b)(1).’’. 10
127	127	Æ
128	128	VerDate Sep 11 2014 05:22 Feb 14, 2025 Jkt 059200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6301 E:\BILLS\S118.IS S118
129	129	kjohnson on DSK7ZCZBW3PROD with $$_JOB