DISCLOSE Act of 2023

The DISCLOSE Act of 2023 would increase transparency in political spending by requiring organizations making campaign-related disbursements over $10,000 to disclose the names and addresses of their major donors, including the top five funders for political communications. It would close loopholes allowing foreign nationals to secretly fund election activities through corporations or other entities by expanding the definition of prohibited foreign contributions. The bill would mandate "stand by every ad" disclosure requirements for political communications across all media, including audio, video, and internet ads, requiring clear identification of funders. It would also require reporting of disbursements related to Federal judicial nominations, which currently aren't subject to disclosure requirements. These provisions would apply to corporations, labor organizations, and certain nonprofits that engage in political activity.