This bill, known as the "Honest Elections and Campaign, No Gain Act," amends the Federal Election Campaign Act of 1971 to mandate the disbursement of unexpended funds by authorized committees and leadership PACs of federal candidates. The core purpose is to ensure that campaign funds are not retained indefinitely or used for personal gain after an election. Committees must disburse funds within a two-year period following the election, or sooner if the candidate registers as a lobbyist or foreign agent. An exception applies if the candidate qualifies to run in the next election for the same or another federal office. When disbursing funds, committees must first pay outstanding obligations. Remaining funds can then only be returned to contributors, donated to qualified charitable organizations, or transferred to political party committees. The bill also explicitly restricts disbursements to a candidate's relatives unless it is for a legitimate, reported committee obligation. Additionally, former federal candidates who register as lobbyists or foreign agents will be required to certify, under penalty of perjury, that their former campaign committees and PACs have complied with these new disbursement requirements. These amendments will apply to federal elections held in November 2026 and all subsequent elections.