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WASHINGTON – Today, Committee on House Administration Chairman Bryan Steil (WI-01) introduced the Campaign Finance Transparency Act and the Preventing Foreign Interference in American Elections Act. Together, these comprehensive campaign finance reforms will increase transparency and ensure fraudulent and foreign donations cannot influence political campaigns, individual candidates, or electoral outcomes.
Both bills will be marked up by the Committee on House Administration later this week.
“My investigation into ActBlue has demonstrated that the current campaign finance laws weren’t drafted for the modern era we live in. The major gaps we’ve uncovered are being exploited by fraudsters and foreign nationals to make illegal political donations. For example, right now an individual could make a fraudulent donation online in someone else’s name and avoid getting caught. That’s an unacceptable vulnerability that bad actors are taking advantage of,” said Chairman Steil. “We must increase transparency and update the rules to reflect the technological advances of the 21st century.”
The Campaign Finance Transparency Act will:
- Require the name on a credit or debit card to match the name of the donor
- Remove the de minimis reporting threshold for donors
- Require political contributions via credit or debit card to include CVV/CVC number and billing ZIP code
- Require document verification for donors without U.S. mailing addresses
- Prohibit contributions via gift cards
- Prohibit knowingly directing, helping, or assisting any person in making a contribution in the name of another person
- Require suspected straw donations schemes to be reported to the Federal Election Commission
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