Description:
H.R. 1069 would require an organization that raises funds (or in-kind contributions) for a Presidential library to disclose the sources and amounts of such donations. Those organizations would have to identify any contributors of $200 or more in a calendar quarter while the President is in office, as well as during the period before the federal government takes possession of the library or the President leaves office, whichever is later. Fundraising organizations would be required to provide this information to the National Archives and Records Administration (NARA). Under the bill, NARA would be required to make this information freely available on the Internet in a downloadable database. Finally, the legislation would establish criminal penalties and fines for violations of its provisions.
Based on information from NARA, CBO estimates that, assuming availability of appropriated funds, the agency would spend about $1 million over the 2016-2020 period to establish and maintain an online database. CBO estimates that any increases in federal spending to enforce penalties would be insignificant.
Because those prosecuted and convicted under H.R. 1069 would be subject to criminal and civil fines, enacting the legislation could increase federal revenues and associated direct spending. However, CBO estimates that such effects would not be significant in any year because of the small number of cases likely to be involved. Because the legislation would affect direct spending and revenues, pay-as-you-go procedures apply.
H.R. 1069 contains no intergovernmental mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments.
