PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 00 · 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.
Showing the opening paragraphs of the official summary.
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.
People & committees
Rep. Takano, Mark [D-CA-41] · D–CA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the House Committee on House Administration.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.
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Analyze H.R.2605 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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