Summary
Makes political groups quickly report donations of $1,000 or more that they get in the 20 days right before an election.
What problem does this solve?
Large, last-minute campaign donations can influence elections without voters knowing who is funding them. This bill requires quick public reporting of donations over $1,000 received within 20 days of an election, increasing transparency.
What does this bill do?
New reporting for last-minute contributions
Requires political committees to report any contribution of $1,000 or more if it is received between 20 days and 48 hours before an election.
Requires new FEC regulations
Directs the Federal Election Commission to create new rules to implement this reporting requirement within 90 days of the bill becoming law.
Immediate effective date
Makes the new reporting rule apply to elections happening 48 hours after the bill is signed into law, even if the FEC has not yet created its new regulations.
Who does this affect?
- Political committees
- Campaign donors
- Political candidates and parties
What is the real world impact?
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Increases voter awareness of campaign funding
Forces political groups to quickly disclose large, last-minute donations. This helps voters see who is trying to influence an election right before they cast their ballots.
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Could create new burdens for political groups
Critics may argue that the quick reporting requirement creates extra paperwork for political committees during the busiest time of an election cycle. This could potentially discourage some last-minute political activity.
When does this start?
The new reporting rules would take effect 48 hours after the bill becomes law and includes a deadline for new regulations.
FEC regulation deadline
The Federal Election Commission must issue new regulations to carry out these changes within 90 days of the bill becoming law.