SEC. 2. LIMITATIONS AND DISCLOSURE OF CERTAIN DONA-
TIONS TO, AND DISBURSEMENTS BY, INAU-
GURAL COMMITTEES. 
(a) REQUIREMENTS
FOR
INAUGURAL
COMMIT-
TEES.—Title III of the Federal Election Campaign Act 
of 1971 (52 U.S.C. 30101 et seq.) is amended by adding 
at the end the following new section: 
‘‘SEC. 325. INAUGURAL COMMITTEES. 
‘‘(a) PROHIBITED DONATIONS.— 
‘‘(1) IN GENERAL.—It shall be unlawful— 
‘‘(A) for an Inaugural Committee— 
‘‘(i) to solicit, accept, or receive a do-
nation from a person that is not an indi-
vidual; or 
‘‘(ii) to solicit, accept, or receive a do-
nation from a foreign national; 
‘‘(B) for a person— 
‘‘(i) to make a donation to an Inau-
gural Committee in the name of another 
person, or to knowingly authorize his or 
her name to be used to effect such a dona-
tion; 
‘‘(ii) to knowingly accept a donation 
to an Inaugural Committee made by a per-
son in the name of another person; or 
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‘‘(iii) to convert a donation to an In-
augural Committee to personal use as de-
scribed in paragraph (2); and 
‘‘(C) for a foreign national to, directly or 
indirectly, make a donation, or make an express 
or implied promise to make a donation, to an 
Inaugural Committee. 
‘‘(2) CONVERSION OF DONATION TO PERSONAL 
USE.—For purposes of paragraph (1)(B)(iii), a do-
nation shall be considered to be converted to per-
sonal use if any part of the donated amount is used 
to fulfill a commitment, obligation, or expense of a 
person that would exist irrespective of the respon-
sibilities of the Inaugural Committee under chapter 
5 of title 36, United States Code. 
‘‘(3) NO EFFECT ON DISBURSEMENT OF UN-
USED
FUNDS
TO
NONPROFIT
ORGANIZATIONS.— 
Nothing in this subsection may be construed to pro-
hibit an Inaugural Committee from disbursing un-
used funds to an organization which is described in 
section 501(c)(3) of the Internal Revenue Code of 
1986 and is exempt from taxation under section 
501(a) of such Code. 
‘‘(b) LIMITATION ON DONATIONS.— 
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‘‘(1) IN GENERAL.—It shall be unlawful for an 
individual to make donations to an Inaugural Com-
mittee which, in the aggregate, exceed $50,000. 
‘‘(2) INDEXING.—At the beginning of each 
Presidential election year (beginning with 2028), the 
amount described in paragraph (1) shall be in-
creased by the cumulative percent difference deter-
mined in section 315(c)(1)(A) since the previous 
Presidential election year. If any amount after such 
increase is not a multiple of $1,000, such amount 
shall be rounded to the nearest multiple of $1,000. 
‘‘(c) DISCLOSURE OF CERTAIN DONATIONS AND DIS-
BURSEMENTS.— 
‘‘(1) DONATIONS OVER $1,000.— 
‘‘(A) IN
GENERAL.—An Inaugural Com-
mittee shall file with the Commission a report 
disclosing any donation by an individual to the 
committee in an amount of $1,000 or more not 
later than 24 hours after the receipt of such do-
nation. 
‘‘(B) CONTENTS
OF
REPORT.—A report 
filed under subparagraph (A) shall contain— 
‘‘(i) the amount of the donation; 
‘‘(ii) the date the donation is received; 
and 
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‘‘(iii) the name and address of the in-
dividual making the donation. 
‘‘(2) FINAL REPORT.—Not later than the date 
that is 90 days after the date of the Presidential in-
augural ceremony, the Inaugural Committee shall 
file with the Commission a report containing the fol-
lowing information: 
‘‘(A) For each donation of money or any-
thing of value made to the committee in an ag-
gregate amount equal to or greater than 
$200— 
‘‘(i) the amount of the donation; 
‘‘(ii) the date the donation is received; 
and 
‘‘(iii) the name and address of the in-
dividual making the donation. 
‘‘(B) The total amount of all disburse-
ments, and all disbursements in the following 
categories: 
‘‘(i) Disbursements made to meet 
committee operating expenses. 
‘‘(ii) Repayment of all loans. 
‘‘(iii) Donation refunds and other off-
sets to donations. 
‘‘(iv) Any other disbursements. 
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‘‘(C) The name and address of each per-
son— 
‘‘(i) to whom a disbursement in an ag-
gregate amount or value in excess of $200 
is made by the committee to meet a com-
mittee operating expense, together with 
date, amount, and purpose of such oper-
ating expense; 
‘‘(ii) who receives a loan repayment 
from the committee, together with the date 
and amount of such loan repayment; 
‘‘(iii) who receives a donation refund 
or other offset to donations from the com-
mittee, together with the date and amount 
of such disbursement; and 
‘‘(iv) to whom any other disbursement 
in an aggregate amount or value in excess 
of $200 is made by the committee, to-
gether with the date and amount of such 
disbursement. 
‘‘(d) DEFINITIONS.—For purposes of this section: 
‘‘(1)(A) The term ‘donation’ includes— 
‘‘(i) any gift, subscription, loan, advance, 
or deposit of money or anything of value made 
by any person to the committee; or 
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‘‘(ii) the payment by any person of com-
pensation for the personal services of another 
person which are rendered to the committee 
without charge for any purpose. 
‘‘(B) The term ‘donation’ does not include the 
value of services provided without compensation by 
any individual who volunteers on behalf of the com-
mittee. 
‘‘(2) The term ‘foreign national’ has the mean-
ing given that term by section 319(b). 
‘‘(3) The term ‘Inaugural Committee’ has the 
meaning given that term by section 501 of title 36, 
United States Code.’’. 
(b) CONFIRMING AMENDMENT RELATED
TO RE-
PORTING REQUIREMENTS.—Section 304 of the Federal 
Election Campaign Act (52 U.S.C. 30104) is amended— 
(1) by striking subsection (h); and 
(2) by redesignating subsection (i) as subsection 
(h). 
(c) CONFORMING AMENDMENT RELATED TO STATUS 
OF COMMITTEE.—Section 510 of title 36, United States 
Code, is amended to read as follows: 
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