The Campaign Transparency Act would require political committees to disclose the names and details of all campaign contributors, regardless of donation size. Currently, federal law only requires disclosure of contributions exceeding $200 per year, but this bill eliminates that threshold entirely, meaning even small donations would need to be publicly reported. The legislation affects anyone donating to federal political committees and campaigns, as well as the committees themselves, which would bear the burden of tracking and reporting all contributions. The bill would take effect immediately upon enactment with no specified funding mechanism. This change would significantly expand public visibility into campaign finances, though supporters argue it increases transparency while critics contend it could discourage small-dollar giving.
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