H.R.535 - Inaugural Fund Integrity Act (119th Congress)
Summary
H.R.535, the Inaugural Fund Integrity Act, aims to amend the Federal Election Campaign Act of 1971 by imposing new regulations on Inaugural Committees. These regulations include prohibiting donations from entities other than individuals and foreign nationals, limiting individual donations, and requiring more detailed reporting of donations and disbursements. The bill seeks to enhance transparency and prevent abuse in inaugural fund activities.
Expected Effects
The bill's enactment would lead to stricter oversight of Inaugural Committees, potentially reducing the influence of corporations and foreign entities. It would also provide the public with greater insight into the financial aspects of presidential inaugurations. The changes would apply to inaugurations held in 2029 and subsequent years.
Potential Benefits
- Increased transparency in inaugural funding.
- Reduced potential for undue influence from corporations and foreign entities.
- Greater accountability for Inaugural Committees.
- Alignment with campaign finance regulations.
- Discourages the use of inaugural funds for personal expenses.
Potential Disadvantages
- May increase administrative burden for Inaugural Committees.
- Could limit the fundraising capabilities of Inaugural Committees.
- Potential for unintended consequences due to stricter regulations.
- May face challenges in enforcement.
- Could be perceived as politically motivated.
Most Disadvantaged Areas:
Constitutional Alignment
The bill aligns with the principles of transparency and accountability, which are implicit in the Constitution's emphasis on a representative government. While the Constitution does not explicitly address inaugural funding, the regulation of campaign finance has been deemed constitutional under the First Amendment, balancing free speech with the need to prevent corruption or the appearance thereof. The reporting requirements are consistent with the idea of an informed electorate.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).