H.R. 8720 · On the floor · Government Operations and Politics

Campaign Finance Transparency Act

Sponsor: Bryan Steil (R-WI)

What it does

• Require political committees to collect verification codes and billing ZIP codes when accepting online credit or debit card contributions.
• Require all contributions to be reported to political committees regardless of amount, removing the $200 disclosure threshold.
• Prohibit political committees from accepting contributions through gift certificates, store gift cards, or via credit/debit cards where the cardholder name does not match the donor name.
• Prohibit knowingly directing or assisting another person to make a contribution in someone else's name and require recipients to report suspected straw donations.

Official summary

Campaign Finance Transparency Act This bill addresses campaign finance in federal elections, including by expanding contribution and disclosure requirements. Specifically, the bill requires political committees, when accepting a credit or debit card contribution over the internet, to collect the credit or debit card's (1) verification value or verification code, and (2) ZIP Code of the billing address associated with the card. The bill generally requires an individual or entity making a contribution to have a U.S. mailing address; however, the bill provides an exception for U.S. citizens, nationals, or those lawfully admitted for permanent residence who provide the political committee with specified identifying information. The bill prohibits political committees from (1) accepting any credit or debit card contribution unless the name on the card used to make such contribution matches the name of the individual or entity donating the contribution, or (2) accepting a contribution made through the use of a gift certificate or store gift card. The bill removes a $200 threshold requirement for disclosing contributions, thereby requiring political committees to report identifying…

Latest action

Jul 13, 2026: Placed on the Union Calendar, Calendar No. 651.

Committee: House Committee on House Administration