S. 2300: To amend section 2112 of title 44, United States Code, to appropriately limit donations to Presidential Libraries and Centers.

This bill proposes amendments to section 2112 of title 44 of the United States Code, establishing new guidelines for donations to Presidential Libraries and Centers. Here are the main components:

1. Definitions

The bill defines key terms related to the donations, including:

• Donation: Any monetary or non-monetary gift, such as subscriptions or services provided without compensation. However, volunteer services are not included.
• Federal contractor, foreign national, 501(c)(3) tax exempt organization: These terms are defined in accordance with existing laws.
• Presidential Library or Center: Organizations that raise funds to support Presidential archival repositories or related facilities.

2. Restrictions on Donations

The bill sets forth several restrictions regarding donations:

• Presidential Libraries and Centers cannot accept donations from individuals or entities while the related sitting President is in office if those donors are not recognized as 501(c)(3) organizations, if they are registered lobbyists, foreign agents, federal contractors, or foreign nationals.
• Individuals who have received or are seeking a pardon from the President cannot donate during this time.

3. Cooling-Off Period

There is a two-year restriction period after a President leaves office during which similar donation conditions apply:

• They cannot accept donations from the same restricted donor categories as listed above.

4. Aggregate Donation Limits

Donations to a Presidential Library or Center are limited to a total of $10,000 during a specific timeframe, starting when the individual is elected President and lasting until one year after leaving office. This amount will be adjusted for inflation over time.

5. Reporting Requirements

Presidential Libraries or Centers must report any donations over $200 quarterly during a covered period, detailing the amount, donor information, and other pertinent details. These reports will be made publicly available online.

6. Enforcement and Penalties

Violations of the donation and reporting restrictions can lead to civil or criminal penalties:

• Violators may face civil penalties up to $20,000 or the value of the donations involved, as well as possible criminal charges resulting in fines or imprisonment.
• Stricter penalties apply for larger violations, with fines that can reach up to $100,000 for significant donation amounts.

7. Regulations

The Archivist must establish regulations to ensure enforcement of these new rules, which will be published in the Federal Register.

Relevant Companies

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