Congress·In Committee·H.R. 535

Inaugural Fund Integrity Act

Inaugural Fund Integrity Act: New Rules for Presidential Inauguration Donations

over 1 year ago·View on Congress.gov·Read full text

This bill is currently in the early stages of the legislative process and has been sent to two House committees for review. No further actions or votes have been scheduled at this time. It is considered active as it is currently being studied by committee members.

Legislative Progress

House

Senate

President

Law

Very unlikely to pass

This bill is supported only by Democrats and faces a difficult path in a divided Congress where campaign finance changes are rarely agreed upon.

Key Points

This bill limits the amount of money a single person can give to a presidential inauguration committee to $50,000. Currently, there is no federal limit on these donations, which allows very wealthy individuals to give millions of dollars to celebrate a new administration.
It completely bans corporations, labor unions, and other organizations from donating to inauguration events. Under these rules, only individual people would be allowed to contribute money toward the concerts, parades, and balls that happen when a new term begins.
Foreign nationals would be strictly prohibited from giving any money or things of value to these committees. This is intended to prevent foreign governments or individuals from trying to influence the incoming administration through expensive gifts or event funding.
The bill requires much faster transparency. If someone gives $1,000 or more, the committee must report it to the government within 24 hours. A full list of all donors giving more than $200 and a list of all committee spending must be made public 90 days after the ceremony.
These new rules would not start immediately. If passed, they would apply to the 2029 inauguration and every one after that. It also makes it illegal for anyone to use these donated funds for personal expenses that have nothing to do with the official inauguration events.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

Jan 16, 2025House

Referred to the Committee on House Administration, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jan 16, 2025

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Source Information

Document Type

Congressional Bill

Official Title

Inaugural Fund Integrity Act

Bill NumberHR 535

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the Committee on House Administration, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.