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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Mar 12, 2021.
Presidential Inaugural Committee Oversight Act
This bill requires disbursements by presidential inaugural committees to be reasonable, related to the inaugural ceremony, and reported to the Federal Election Commission (FEC). Currently, these committees are required to report only donations to the FEC.
Upon termination, a committee's remaining funds must be donated to a tax-exempt 501(c)(3) nonprofit organization.