This legislation, known as the Campaign Transparency Act , aims to significantly alter campaign finance reporting requirements for federal elections. It specifically amends the Federal Election Campaign Act of 1971 by removing the existing financial thresholds for identifying persons who contribute to political committees. Currently, political committees are only required to report the identification of contributors whose aggregate contributions exceed $200 within a calendar year or election cycle. This bill strikes those specific provisions, meaning that all contributions , regardless of their monetary value, would need to be individually disclosed. The amendments would apply to all reports filed on or after the bill's enactment, thereby increasing transparency in federal campaign funding.