WASHINGTON D.C. (KOLO) – U.S. Senator Catherine Cortez Masto has reintroduced a bill that would require inaugural committees to disclose how they spend their money ahead of the inauguration of Donald Trump.
The Inaugural Committee Transparency Act would require the public disclosure of how the committee spends the money they raise, in a bid Cortez Masto says will help prevent the misuse of committee funds.
“We have seen nearly 200 million dollars in donations from billionaires and corporations flood into Washington to fund the upcoming inauguration,” said Senator Cortez Masto. “The American people deserve to know how these funds are being spent and exactly who they come from. The inauguration of a president from any party should not be used as an opportunity for personal enrichment or cronyism. My legislation will ensure that inaugural committees are held to appropriate standards of transparency and accountability.”
The Senator first introduced the bill after allegations that Trump’s first inaugural committee misused funds.
Specifically, her bill would:
- Require an inaugural committee to disclose to the FEC the name and address of every person to whom any disbursement of $200 or more is made and the purpose of the disbursement;
- Prohibit donations on behalf of another person;
- Prohibit converting donations to personal use;
- Require that any remaining funds be donated within 90 days of the inaugural ceremony to a 501(c)(3) charity.
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