We have received text from H.R. 8720: Campaign Finance Transparency Act. This bill was received on 2026-05-11, and currently has no cosponsors.
Here is a short summary of the bill:
The proposed bill, known as the Campaign Finance Transparency Act, aims to modify various aspects of campaign finance laws in the United States. Here’s a summary of its main provisions:
1. Disclosure Requirements for Online Contributions
The bill would require political committees to obtain specific information from donors when accepting contributions via credit or debit cards over the internet. This information includes:
- The card verification value or code and the ZIP code associated with the billing address of the donor.
- For U.S. citizens, a mailing address used for voter registration, a copy of their U.S. passport, or another approved identification.
- For permanent residents, a copy of their permanent resident card or another acceptable form of identification.
Details would also specify that contributors who set up recurring donations would not have to provide this information again after the initial contribution.
2. Name Requirement for Credit Card Contributions
The Act stipulates that any political committee accepting credit or debit card contributions must ensure that the name on the card matches the name of the individual making the contribution.
3. Prohibition on Gift Card Contributions
Political committees would be prohibited from accepting contributions made through gift cards or gift certificates. This provision aims to prevent contributions that could mask the true source of funds.
4. Removal of Contribution Reporting Thresholds
Currently, contributions below a certain amount (e.g., $200) do not need to be reported in detail. The bill proposes to eliminate this threshold, requiring all contributions to be reported, regardless of the amount.
5. Prohibition on Contributions in Another's Name
The Act will clarify that it is illegal to assist or direct someone in making a contribution in the name of another person. If a recipient suspects such an occurrence, they are required to report it to the Federal Election Commission (FEC).
6. Regulatory Changes
The bill mandates that the FEC create regulations to enforce these new requirements within 90 days of enactment. This process involves consultation with credit card payment networks and other stakeholders.
7. Implementation Date
The amendments introduced by this bill would take effect 90 days following the FEC's issuance of the necessary regulations.
Relevant Companies
- $V - Visa Inc. : As a major payment processing network, Visa would need to adapt its systems to comply with the new requirements for online contributions.
- $MA - Mastercard Incorporated : Similar to Visa, Mastercard would be affected as it processes credit card donations for political committees and would need to ensure compliance with the new disclosures.
Representative Bryan Steil Bill Proposals
Here are some bills which have recently been proposed by Representative Bryan Steil:
- H.R.8721: Preventing Foreign Interference in American Elections Act
- H.R.8720: Campaign Finance Transparency Act
- H.R.8529: Fair Air Standards Act
- H.R.8364: To amend title 5, United States Code, to authorize the increase of the retirement age in the United States Capitol Police.
- H.R.8286: Protecting Americans’ Retirement Savings From Politics Act
- H.R.7300: Make Elections Great Again Act
You can track bills proposed by Representative Bryan Steil on Quiver Quantitative's politician page for Steil.
Representative Bryan Steil Net Worth
Quiver Quantitative estimates that Representative Bryan Steil is worth $2.1M, as of May 13th, 2026. This is the 250th highest net worth in Congress, per our live estimates.
Steil has approximately $281.8K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Bryan Steil's net worth on Quiver Quantitative's politician page for Steil.
Representative Bryan Steil Stock Trading
We have data on up to $450.0K of trades from Representative Bryan Steil, which we parsed from STOCK Act filings. Some of the largest trades include:
- A July 22nd, 2019 sale of up to $100K of $FISV. The stock has fallen 45.03% since then.
- A July 22nd, 2019 sale of up to $50K of $FIS. The stock has fallen 68.11% since then.
- A July 22nd, 2019 sale of up to $15K of $ASB. The stock has risen 34.6% since then.
- A July 12th, 2019 sale of up to $15K of $USB. The stock has fallen 0.13% since then.
- A July 12th, 2019 sale of up to $15K of $MRK. The stock has risen 42.18% since then.
You can track Representative Bryan Steil's stock trading on Quiver Quantitative's politician page for Steil.
2026 Wisconsin's 1st Congressional District Election
There has been approximately $11,422,103 of spending in Wisconsin's 1st congressional district elections over the last two years, per our estimates.
Approximately $2,044,714 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- FAIRSHAKE ($1,528,412)
- HMP ($239,614)
- AMERICANS FOR PROSPERITY ACTION, INC. (AFP ACTION) DBA CVA ACTION AND DBA LIBRE ACTION ($123,200)
- VOCES DE LA FRONTERA ACTION ($31,069)
- WORKING AMERICA ($29,277)
The rating for this race is currently "Likely R".
You can track this election on our matchup page for the 2026 Wisconsin's 1st congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
