Trump committee faces scrutiny from Democrats over fundraising practices.

• New reporting rules are being proposed by Senate Democrats to increase transparency from presidential inaugural committees.
• Corporations and their leaders are donating to President-elect Donald Trump's inaugural committee.
• The second inaugural committee of Trump has reportedly raised $170 million and is expected to reach $200 million.

President-elect Donald Trump's inaugural committees are facing pressure from Senate Democrats to increase transparency, as a surge of corporate and billionaire donations floods Washington, D.C. before his inauguration.

Sen. Catherine Cortez Masto, D-Nev., stated in a CNBC interview that the American people have a right to know how funds are being spent and their sources, as she reintroduced legislation to enhance committee oversight.

Cortez Masto stated that the swearing-in of any president, regardless of party, should not be exploited for personal gain or favoritism.

Inaugural committees would be required to disclose the name, address, and purpose of every person or vendor paid $200 or more under her bill.

The committees would have to donate their unused funds to a 501(c)(3) charity within 90 days of the inauguration.

No committee would be allowed to use donations for personal purposes or to allow donors to contribute on behalf of someone else.

Incoming presidents appoint inaugural committees to manage the events surrounding the inauguration ceremony, including balls, galas, and luncheons.

The committees have no obligation to disclose their expenditures, despite the requirement to report donations of at least $200 within 90 days of the inaugural ceremony.

There is also little transparency about what happens to the leftover money.

The "Inaugural Committee Transparency Act" is cosponsored by Sens. Sheldon Whitehouse, D-R.I., Chris Van Hollen, Ed Markey of Massachusetts, and Jeff Merkley of Oregon.

Since 2017, Cortez Masto has presented a bill in every Congress, following the record-breaking $107 million raised by Trump's inaugural committee in 2017.

His second inaugural committee has already surpassed the previous figure, with a reported $170 million and projected to reach approximately $200 million.

Million-dollar donations are being attracted to the inaugural committee as top CEOs and companies try to curry favor with Trump ahead of his second term.

As the inauguration approached, uncertainty lingered about how the committee would allocate the funds, despite a lighter schedule of events compared to previous inaugurations.