To amend the Internal Revenue Code of 1986 to increase the frequency of disclosure of information by political organizations and to improve the linkage between databases for public disclosure of election-related information maintained by the Department of the Treasury and the Federal Election Commission.
Summary
H.R. 5013 aims to increase transparency in campaign finance by requiring tax-exempt political organizations to report their financial activities more frequently. Under this bill, organizations that raise or spend $25,000 or more in an election year would be required to file monthly disclosure reports, while smaller organizations would file quarterly. Additionally, the bill directs the Department of the Treasury and the Federal Election Commission to link their databases, making it easier for the public to access and track election-related spending from a single, integrated source.
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