Campaign Finance Transparency Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8720 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8720 To amend the Federal Election Campaign Act of 1971 to modify requirements regarding contributions related to elections for Federal office and to improve the operation of the Federal Election Commission, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 11, 2026 Mr. Steil introduced the following bill; which was referred to the Committee on House Administration _______________________________________________________________________ A BILL To amend the Federal Election Campaign Act of 1971 to modify requirements regarding contributions related to elections for Federal office and to improve the operation of the Federal Election Commission, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Campaign Finance Transparency Act''. SEC. 2. REQUIRING DISCLOSURE OF CARD VERIFICATION VALUE OR CARD VERIFICATION CODE AS CONDITION OF ACCEPTANCE OF ONLINE CONTRIBUTIONS MADE USING CREDIT OR DEBIT CARDS IN FEDERAL ELECTIONS. Section 302 of the Federal Election Campaign Act of 1971 (52 U.S.C. 30102) is amended by adding at the end the following: ``(j)(1) No political committee shall accept any internet credit or debit card contribution unless-- ``(A) except in the case of a contribution the political committee receives by mail, the individual or entity making such contribution is required, at the time such individual or entity makes such contribution, to disclose the card verification value or card verification code of such credit or debit card and the ZIP Code of the billing address associated with such credit or debit card; and ``(B)(i) the mailing address of the individual or entity is located in a State;