01 — The Text
What.
- Requires campaigns to collect credit card verification codes and billing ZIP codes for online donations to confirm donor identity.
- Eliminates the $200 threshold—campaigns must now report all donors' names and addresses, no matter the gift size.
- Bans donations made through gift cards or when card name doesn't match donor name; prohibits straw donations (giving money in someone else's name).
02 — The Stakes
So what?
- Donors: Less anonymity. All contributions now publicly tracked, even small ones under $200.
- Campaigns: Added compliance costs and verification steps for processing online donations.
- Foreign actors and straw donors: Harder to hide contributions; violators face FEC enforcement and potential criminal penalties.
- Voters: More transparency about who's funding campaigns, but also potentially fewer small-dollar donors deterred by disclosure.
03 — The Path
Now what?
- Bill passed House committee unanimously on May 14; now awaits House floor vote—no timeline set yet.
- Federal Election Commission must write detailed rules for campaigns to follow once bill becomes law.
- Contact your representative to ask where they stand on stricter campaign finance disclosure.
Legislative History
Actions.
- Jul 13, 2026 — Placed on the Union Calendar, Calendar No. 651.
- Jul 13, 2026 — Reported (Amended) by the Committee on House Administration. H. Rept. 119-747.
- Jul 13, 2026 — Reported (Amended) by the Committee on House Administration. H. Rept. 119-747.
- May 14, 2026 — Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 11 - 0.
- May 14, 2026 — Committee Consideration and Mark-up Session Held
- May 11, 2026 — Referred to the House Committee on House Administration.
- May 11, 2026 — Introduced in House
- May 11, 2026 — Introduced in House