Congress
Politico (Influence): Dems move to rein in presidential library fundraising
By Caitlin Oprysko
.....More than two dozen congressional Democrats have signed on to a new bill aimed at injecting transparency into funding for presidential libraries — a move that comes as President Donald Trump rakes in tens of millions of dollars in pledges from corporations whose business Trump has immense say over.
Unlike with fundraising for political campaigns, there are virtually no restrictions on when and how presidents can raise money for their libraries. And there are no disclosure requirements apart from the rules that govern all tax-exempt nonprofits. That makes the endeavor rife with ethics concerns, according to Sens. Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) and Reps. Jamie Raskin (D-Md.) and Jared Moskowitz (D-Fla.), the co-authors of the Presidential Library Anti-Corruption Act.
“Allowing wealthy donors that may seek policy benefits from a sitting President to bankroll the President’s legacy raises serious ethical concerns,” the lawmakers wrote in a one-pager on their bill. “Presidential Libraries should be monuments to history, not backdoor vehicles for influence.”
The bill would ban presidents from raising money for their future library (except from 501(c)3 groups) while in office, which the lawmakers note was the standard adopted by the Obama Foundation. There would be an additional two-year cooling off period for donations from foreign nationals, lobbyists, contractors and pardon seekers, and a ban on straw donations.
It would require quarterly disclosures of contributions of more than $200 for five years after a president leaves office and bar the use of library donations on personal expenses.
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