PIC Makes Donors Public

The public can easily access contributions of $200 or more to the Presidential Inaugural Committee with the click of a mouse at www.pic2009.org/donors. So far, contributors appear to be going for the maximum of $50,000, the PIC announced today.

In a news release, the PIC says:

“The measures announced today are more stringent than federal law or the Federal Election Commission require. Under current law, an inaugural committee is not required to report donors until 90 days after the Inauguration, nor are donors to an inaugural committee required to disclose their employer when making a donation.

These new guidelines arrive on top of previously announced and unprecedented limitations on the PIC’s fundraising policies. Unlike previous inaugural committees, the 2009 PIC will not accept contributions from corporations, political action committees, labor unions, current federally-registered lobbyists, non-U.S. citizens and registered foreign agents and will not accept individual contributions in excess of $50,000. Current law does not restrict the size of donations, which in past inaugurations have reached as high as $250,000.”

By Nikita Stewart

By Marcia Davis  |  December 12, 2008; 3:30 PM ET  | Category:  Fundraising
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