Section 1 Short title
This Act may be cited as the “Inaugural Committee Transparency Act of 2018”.
Inaugural Committee Transparency Act of 2018
A BILL
To require additional disclosures relating to donations to the Presidential Inaugural Committee, and for other purposes.
Sec. 2 Disclosure of certain donations to and spending by the Presidential Inaugural Committee
Section 510 of title 36, United States Code, is amended—
in subsection (b)—
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”; and
in paragraph (2)—
in subparagraph (B), by striking “and” at the end;
in subparagraph (C), by striking the period at the end and inserting “; and”; and
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.”
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.
“(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).”