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119-hr-8720119th CongressWALLET

Campaign Finance Transparency Act

Sponsored By: Representative Steil, Bryan [R-WI-1]

In Committee

Summary

Tighten verification and disclosure for online campaign contributions. The Campaign Finance Transparency Act would require stronger ID checks for internet card donations and make all contributions reportable by removing the $200 exemption.

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  • Donors: Card donors must provide the card verification code and billing ZIP and give a voter registration mailing address or passport or comparable ID. The first payment in a recurring series must meet these checks and digital wallets count as compliant.
  • Political committees and treasurers: Committees must verify that the name on the card matches the donor and may not accept gift cards. Recipients must forward internet donations to their treasurer within 10 days, keep donor records, and refund contributions they know are noncompliant unless they show best efforts to comply.
  • Regulation and timing: The Federal Election Commission must issue implementing rules within 90 days of enactment and consult payment card networks. The Act's requirements would apply 90 days after the FEC issues those regulations.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 0 costs, 2 mixed.

New ID and anti‑fraud rules for donations

This bill would require online card donors to give the card security code and the billing ZIP and to make the cardholder name match the donor. Digital wallet payments would count as complying, and recurring charges would need verification only once per card. If a donor lacks a State mailing address, committees would require ID like a passport or green card copy. Anyone receiving an online card gift would have to send the payment, donor name, address, and date to the committee treasurer within 10 days. The bill would also ban knowingly accepting store gift cards and would make it illegal to help someone make a donation in another person’s name. The Federal Election Commission would have to write rules within 90 days, and the new rules would apply after the 90-day period following those regulations.

Small donations become reportable

This bill would remove the old $200 reporting exemption. If enacted, contributions of any size covered by the listed FECA provisions would be reportable to the FEC and could appear in public disclosures. That would increase transparency but also raise privacy concerns for small donors and add recordkeeping and reporting work for committees.

Sponsors & CoSponsors

Sponsor

Steil, Bryan [R-WI-1]

WI • R

Cosponsors

  • Rep. Miller, Mary E. [R-IL-15]

    IL • R

    Sponsored 5/12/2026

  • Rep. Barrett, Tom [R-MI-7]

    MI • R

    Sponsored 6/2/2026

Roll Call Votes

No roll call votes available for this bill.

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