Title: Inaugural Committee Transparency Act of 2021
Policy area: Government Operations and Politics

Summary:
Inaugural Committee Transparency Act of 2021
This bill requires the presidential inaugural committee to disclose to the Federal Election Commission, by 90 days after the presidential inaugural ceremony, any disbursement made in an amount equal to or greater than $200 and the purpose of each disbursement. The committee must also disclose the name and address of the person to whom the disbursement was made, the date of the disbursement, and the total amount and purpose of the disbursement.
The bill prohibits (1) an inaugural committee from soliciting or receiving a donation from a foreign national, in addition to the current ban on a committee accepting such a donation; (2) a person from making a donation to an inaugural committee in the name of another; (3) a foreign national from making a donation or making a promise to make a donation to such a committee; or (4) converting a donation to an inaugural committee to personal use.
The committee must disburse any remaining donated funds not later than 90 days after the inaugural ceremony to tax-exempt charitable organizations, but may request an extension of such 90-day period.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 159 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                 S. 159

    To require additional disclosures relating to donations to the 
       Presidential Inaugural Committee, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 2, 2021

    Ms. Cortez Masto (for herself, Mr. Whitehouse, Ms. Warren, Mr. 
Blumenthal, Mrs. Feinstein, Mr. Van Hollen, Mr. Markey, Mr. Ossoff, and 
Ms. Klobuchar) introduced the following bill; which was read twice and 
               referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
    To require additional disclosures relating to donations to the 
       Presidential Inaugural Committee, 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 ``Inaugural Committee Transparency Act 
of 2021''.

SEC. 2. DISCLOSURE OF CERTAIN DONATIONS TO AND SPENDING BY THE 
              PRESIDENTIAL INAUGURAL COMMITTEE.

    Section 510 of title 36, United States Code, is amended--
            (1) in subsection (b)--
                    (A) in paragraph (1), by inserting ``, and 
                disclosing any disbursement made in an amount equal to 
                or greater than $200 and the purpose of each 
                disbursement'' before the period at the end; and
                    (B) in paragraph (2)--
                            (i) in subparagraph (B), by striking 
                        ``and'' at the end;
                            (ii) in subparagraph (C), by striking the 
                        period at the end and inserting ``; and''; and
                            (iii) by adding at the end the following:
                    ``(D) for any disbursement in an amount equal to or 
                greater than $200 that is made, including any such 
                disbursement made after the end of the inaugural 
                period--
                            ``(i) the name and address of the person to 
                        whom the disbursement was made;
                            ``(ii) the date on which the disbursement 
                        was made; and
                            ``(iii) the total amount and purpose of the 
                        disbursement.'';
            (2) by amending subsection (c) to read as follows:
    ``(c) Prohibition.--
            ``(1) In general.--It shall be unlawful--
                    ``(A) for an Inaugural Committee to solicit, 
                accept, or receive a donation from a foreign national;
                    ``(B) for a person--
                            ``(i) to make a donation to an Inaugural 
                        Committee in the name of another person, or to 
                        knowingly authorize his or her name to be used 
                        to effect such a donation; or
                            ``(ii) to knowingly accept a donation to an 
                        Inaugural Committee made by a person in the 
                        name of another person;
                    ``(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; or
                    ``(D) to convert a donation to an Inaugural 
                Committee to personal use as described in paragraph 
                (3).
            ``(2) Definition of foreign national.--In this subsection, 
        the term `foreign national' has the meaning given the term in 
        section 319(b) of the Federal Election Campaign Act of 1971 (2 
        U.S.C. 441e(b)).
            ``(3) Conversion of donation to personal use.--For purposes 
        of paragraph (1)(D), a donation shall be considered to be 
        converted to personal 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 responsibilities of 
        the Inaugural Committee.''; and
            (3) by adding at the end the following:
    ``(d) Requirement.--
            ``(1) In general.--Not later than the date that is 90 days 
        after the date of the Presidential inaugural ceremony, the 
        committee shall disburse any remaining donated 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) Extension.--
                    ``(A) Request.--Upon request from the Inaugural 
                Committee, the Federal Election Commission may extend 
                the 90-day period described in paragraph (1).
                    ``(B) Supplemental report.--In the case of an 
                extension under subparagraph (A), the Inaugural 
                Committee shall, not later than the last day of the 
                extension period, file a supplement to the report 
                required under subsection (b)(1).''.
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