H.R. 2605 · 117th Congress
Let It Go Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
TakanoSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill establishes a time frame for the disposal of campaign contributions or donations. The bill also prohibits the donation of campaign funds to charitable organizations that are owned or controlled by the candidate or the candidate's immediate family members.
What it does: CRS summary · Introduced in House · Apr 15, 2021
Let It Go Act
This bill establishes a time frame for the disposal of campaign contributions or donations. The bill also prohibits the donation of campaign funds to charitable organizations that are owned or controlled by the candidate or the candidate's immediate family members.
An individual must use contributions or donations before the individual becomes a registered lobbyist or within six years following the most recent federal election in which the individual was a candidate, whichever occurs first.
The remaining contributions or donations must be disposed of within 30 days following either occurrence, first by paying debts or obligations owed in connection with the campaign for that office. If funds are left over, the funds may only be disbursed in one or more of the following ways: (1) returning funds to donors; (2) making contributions to charitable organizations; and (3) transferring funds to a national, state, or local committee of a political party.
The bill prohibits the donation of campaign funds to a charitable organization if the candidate or the candidate's immediate family member (1) is an employee of the organization, (2) is a member of the board of directors, or (3) owns a majority of the voting shares.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Let It Go Act
Latest action (Apr 15, 2021): Referred to the House Committee on House Administration.
Policy area: Government Operations and Politics · Origin: House · Introduced: Apr 15, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.