A bill to amend the Federal Election Campaign Act of 1971 to provide for additional disclosure requirements for corporations, labor organizations, Super PACs and other entities, and for other purposes.
Democracy Is Strengthened by Casting Light On Spending in Elections Act of 2021 or the DISCLOSE Act of 2021
This bill addresses campaign finance, including by expanding the prohibition on campaign spending by foreign nationals and requiring additional disclosures of campaign expenditures.
First, the bill prohibits foreign nationals from participating in the decision-making process regarding an election expenditure.
Additionally, the bill expands existing foreign money prohibitions to include disbursements for paid web-based or digital communications and federal judicial nomination communications. It also prohibits foreign nationals from contributing to campaigns related to ballot initiatives and referenda.
The Federal Election Commission (FEC) must conduct an audit after each federal election cycle to determine the incidence of illicit foreign money.
Next, the bill makes it unlawful to establish or use a corporation, company, or other entity with the intent to conceal an election contribution or donation by a foreign national. A violator is subject to criminal penalties—a fine, a prison term of up to five years, or both.
Covered organizations (e.g., corporations, labor organizations, and political organizations) must, within 24 hours, file reports with the FEC to disclose campaign expenditures of more than $10,000 during an election cycle.
Received in the Senate.
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 123.
Committee on Rules and Administration. Hearings held. Hearings printed: S.Hrg. 117-331.
Cloture motion on the motion to proceed to the measure withdrawn by unanimous consent in Senate. (CR S6516-6517)
Motion by Senator Schumer to reconsider the vote by which cloture on the motion to proceed to S. 2747 was not invoked (Record Vote No. 420) entered in Senate.
Motion to proceed to consideration of the motion to reconsider the vote by which cloture on the motion to concur in the House amendment to the Senate amendment to H.R. 5746 (Record Vote No. 9) withdrawn in Senate.
Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 49 - 49. Record Vote Number: 346. (CR S4949-4950)
Introduced in Senate
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text: CR S5946-5951)
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 120.
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