Presidential Inaugural Committee Oversight Act
This bill requires disbursements by presidential inaugural committees to be reasonable, related to the inaugural ceremony, and reported to the Federal Election Commission (FEC). Currently, these committees are required to report only donations to the FEC.
Upon termination, a committee's remaining funds must be donated to a tax-exempt 501(c)(3) nonprofit organization.
[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 600 Introduced in House (IH)]
<DOC>
117th CONGRESS
1st Session
H. R. 600
To amend title 36, United States Code, to require Presidential
Inaugural Committees to file disbursement reports with the Federal
Election Commission, to prohibit such Committees from disbursing funds
for purposes unrelated to the inauguration of the President, to require
such Committees to donate any Committee funds which remain available at
the time the Committee terminates, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 28, 2021
Mr. Schrader introduced the following bill; which was referred to the
Committee on Oversight and Reform
_______________________________________________________________________
A BILL
To amend title 36, United States Code, to require Presidential
Inaugural Committees to file disbursement reports with the Federal
Election Commission, to prohibit such Committees from disbursing funds
for purposes unrelated to the inauguration of the President, to require
such Committees to donate any Committee funds which remain available at
the time the Committee terminates, 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 ``Presidential Inaugural Committee
Oversight Act''.
SEC. 2. DISCLOSURE REQUIREMENTS AND PROHIBITIONS RELATING TO
DISBURSEMENTS BY PRESIDENTIAL INAUGURAL COMMITTEES.
(a) Disclosure Reports by Committees.--
(1) Requirements.--Chapter 5 of title 36, United States
Code, is amended--
(A) by redesignating section 511 as section 512;
and
(B) by inserting after section 510 the following
new section:
``Sec. 511. Disclosure of and prohibition against certain disbursements
``(a) In General.--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 this section.
``(b) Disclosure of Disbursements.--
``(1) Initial disbursement report.--Not later than the date
that is 90 days after the date of the Presidential inaugural
ceremony, the Committee shall file an initial disbursement
report with the Federal Election Commission under this
subsection.
``(2) Subsequent disbursement reports.--After filing the
initial disbursement report described in paragraph (1), the
Committee shall file subsequent disbursement reports with the
Federal Election Commission under this subsection not later
than 60 days after each date by which the Committee makes
additional disbursements in an aggregate amount or value equal
to or greater than $100,000.
``(3) Contents of report.--In each disbursement report
filed under this subsection, the Committee shall disclose each
disbursement of money or anything of value made by the
Committee to any person in an aggregate amount or value equal
to or greater than $200 since the most recent report filed by
the Committee under this subsection, and shall include the
following information with respect to each such disbursement:
``(A) The amount, purpose, and date of the
disbursement.
``(B) The name and address of the recipient of the
disbursement.
``(C) If the disbursement is made to repay a loan,
the amount of the loan and the amount of any remaining
balance on the loan.
``(D) If the disbursement is made to refund a
donation or to offset a portion of a donation, the name
of the donor and the amount of the donation.
``(E) Whether or not the disbursement is made with
surplus funds of the committee, and if so, the amount
of any remaining surplus funds of the committee.
``(c) Format of Reports.--The Committee shall ensure that each
report filed under this section is in a searchable and sortable format.
``(d) Prohibiting Disbursements for Purposes Unrelated to
Inauguration.--The Committee may make disbursements only to cover the
reasonable operating expenses of the Committee, and may not make any
disbursement for any purpose which is unrelated to the Presidential
inaugural ceremony and functions and activities connected with the
ceremony except as provided under subsection (e).
``(e) Requiring Donation of Funds Remaining Upon Termination.--If
any funds of the Committee remain available at the time of the
termination of the Committee, the Committee shall donate such funds to
an organization described in section 501(c)(3) of the Internal Revenue
Code of 1986 and exempt from taxation under section 501(a) of such
Code.''.
(2) Clerical amendment.--The table of sections of chapter 5
of such title is amended--
(A) by redesignating the item relating to section
511 as relating to section 512; and
(B) by inserting after the item relating to section
510 the following new item:
``511. Disclosure of and prohibition against certain disbursements.''.
(b) Conforming Amendment Relating to Public Availability of
Reports.--Section 304(h) of the Federal Election Campaign Act of 1971
(52 U.S.C. 30104(h)) is amended by striking ``section 510'' and
inserting ``section 510 or section 511''.
(c) Effective Date.--The amendments made by this Act shall apply
with respect to Presidential Inaugural Committees established under
chapter 5 of title 36, United States Code, for inaugurations held in
2021 and any succeeding year.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Oversight and Reform.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line