A bill to prohibit any Member of Congress from being closely associated with any charitable organization which does not publicly disclose certain information, to establish an advisory panel to recommend solutions concerning unregulated campaign expenditures by such organizations, and for other purposes.
Fair Foundations Act - Prohibits a Member of Congress from being closely associated with any specified tax-exempt charitable organization, if such organization does not publicly disclose an annual financial statement and a list of contributors.
Establishes a joint panel to study the potential development of unregulated expenditures by charitable educational organizations. Requires a report to the Congress within six months of the panel's first meeting, including a recommendation whether such expenditures should be prohibited, regulated, or considered as campaign contributions under the Federal Election Campaign Act of 1971. Authorizes appropriations.
Introduced in Senate
Read twice and referred to the Committee on Rules.
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