DISCLOSE Act of 2026

Increased Transparency of Political Spending: The bill requires covered organizations to disclose the names and addresses of people who make significant payments, which helps people know the true source of money used to influence elections (Section 201).

Prevention of Foreign Influence: By clarifying the foreign money ban and prohibiting specific disbursements by covered foreign nationals, the bill seeks to prevent foreign entities from influencing domestic elections and ballot initiatives (Section s 101, 103, and 104).

Better Information on Judicial Nominations: The bill requires the disclosure of spending related to Federal judicial nominations, which helps the public understand who is funding efforts to support or oppose judicial nominees (Section 202).

Informed Electorate: The findings state that these disclosure requirements are intended to foster an informed electorate capable of engaging in self-government and holding officials accountable (Section 2).

Tracking of Illicit Foreign Money: The bill mandates studies to identify the extent to which illicit foreign money targets specific groups, such as rural, minority, or veteran communities (Section 102).

Criminal Penalties for Concealment: Individuals, such as officers or agents of a corporation, could face up to five years in prison if they establish an entity with the intent to conceal prohibited foreign national contributions (Section 105).

Burden of Disclosure for Organizations: Covered organizations must follow strict and detailed reporting requirements for their campaign-related disbursements (Section 201).

Requirement for Specific Information in Advertisements: Certain political communications must now include specific disclosure statements, such as a "Top Five Funders list" or "Top Two Funders list," which may affect how advertisements are presented (Section 402).

Potential for Legal Challenges: The bill includes provisions for judicial review, which could lead to legal actions challenging the constitutionality or lawfulness of the new requirements (Section s 302).