PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 651.
Congressional Research Service
Version 00 · Introduced in House · May 11, 2026
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.
Showing the opening paragraphs of the official summary.
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 information about contributors, regardless of the amount contributed.
The bill also prohibits knowingly directing, helping, or assisting any person in making a contribution in the name of another person. Any recipient of a contribution who suspects that the contribution was made by one person in the name of another person shall report it to the Federal Election Commission (FEC).
The FEC must promulgate regulations to carry out this bill.
People & committees
Rep. Steil, Bryan [R-WI-1] · R–WI
Legislative record
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Placed on the Union Calendar, Calendar No. 651.
Reported (Amended) by the Committee on House Administration. H. Rept. 119-747.
Reported (Amended) by the Committee on House Administration. H. Rept. 119-747.
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 11 - 0.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on House Administration.
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Sep 19, 2026. Consult Congress.gov for the current record.
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Analyze H.R.8720 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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