November 26, 2024 •
FEC Seeks Comments on Untraceable Electronic Payment Methods
The Federal Election Commission (FEC) is seeking public comments concerning federal political contributions made through untraceable electronic payment methods.
On November 26, 2024, the FEC published a notification of availability in the Federal Register requesting public input on a petition for rulemaking submitted by Ken Paxton, Attorney General of Texas.
The petition requests an amendment to 11 CFR §104.14(b)(5) to require records for contributions made by credit, debit, prepaid, or gift cards include documentation confirming a cross-check occurred between the contributor’s self-reported identifying information with the card issuing institution’s own information on the name and billing address of the cardholder.
The petition also requests an amendment to 11 CFR §104.14(e) to prohibit contributions from being accepted from prepaid or gift cards unless the information from those prepaid or gift cards can be cross-checked with the card issuing institution to confirm the name and billing address.
Public comments will be accepted by the FEC at https://www.fec.gov/legal-resources/regulations/pending-rulemaking-matters-comment/ until January 27, 2025.
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