DISCLOSE Act of 2023

The DISCLOSE Act of 2023 requires organizations making campaign-related disbursements over $10,000 to disclose detailed information about their funding sources, including the names and addresses of major donors and the top 5 or 2 funders for political communications. It closes loopholes allowing foreign nationals to influence U.S. elections by prohibiting foreign contributions to ballot initiatives and requiring disclosure of foreign money in campaigns. The bill also mandates "stand by every ad" requirements, requiring political communications to include disclaimers identifying who paid for them and listing major funders. These provisions apply to corporations, labor organizations, and other groups making political expenditures, with the goal of increasing transparency in campaign finance.