Inaugural Fund Integrity Act
Key claim: HR535 would ban corporate and foreign-national donations to inaugural committees, cap individual contributions, prohibit personal-use conversions, and require FEC disclosure of donations and disbursements.
Abstract
(HR535 · 119th Congress) Inaugural Fund Integrity Act This bill limits donations to inaugural committees and requires these committees to disclose donations and disbursements. Specifically, inaugural committees may not solicit, accept, or receive donations from corporations or foreign nationals. An individual may not make a donation in the name of another individual or authorize his or her name to be used to make such a donation. In addition, foreign nationals may not make donations or make promises to make donations to inaugural committees. Further, the bill caps the amount an individual may donate to an inaugural committee. Donations to inaugural committees may not be converted to personal use. Finally, inaugural committees must report certain information on donations and disbursements to the Federal Election Commission. Latest action (2025-01-16): 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.
Why this matters
Presidential inaugural committees currently raise unlimited private funds with limited disclosure and few source restrictions, creating a transparency and foreign-influence gap relative to campaign committees. This bill would close that gap by importing established campaign-finance rules — donor caps, corporate and foreign-national bans, personal-use prohibitions, and FEC reporting — into the inaugural context. For voters and watchdogs, the practical effect would be visibility into who funds an incoming administration’s transition-adjacent spending and constraints on how those funds are used.