Campaign Finance Transparency Act

This bill, known as the Campaign Finance Transparency Act, requires political committees in federal elections to collect specific personal information from donors using online credit or debit cards, including card verification codes and billing ZIP codes. It also mandates that the name on the payment card must match the donor's name and bans the acceptance of contributions made with gift cards. Additionally, the legislation lowers the reporting threshold for campaign contributions from $200 to any amount and prohibits individuals from helping others make donations in someone else's name. These rules aim to increase donor transparency by making it harder to conceal the identity of contributors while establishing clear duties for committees to refund non-compliant payments.