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.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Oversight and Reform.
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