Ban Corporate PACs Act

3/15/2023, 7:00 PM

Ban Corporate PACs Act

This bill prohibits for-profit corporations from establishing or operating a separate segregated political fund (commonly known as a political action committee or PAC). Existing funds must terminate not later than one year after the date of enactment of this bill.

Congress
117
Number
S - 3528
Introduced on
2022-01-20
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

1/20/2022
Text
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Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Ban Corporate PACs Act

This bill prohibits for-profit corporations from establishing or operating a separate segregated political fund (commonly known as a political action committee or PAC). Existing funds must terminate not later than one year after the date of enactment of this bill.

Alternative Names
Official Title as IntroducedA bill to amend the Federal Election Campaign Act of 1971 to limit the authority of corporations to establish and operate separate segregated funds utilized for political purposes, including the establishment or operation of a political committee, to nonprofit corporations, and for other purposes.
Policy Areas
Government Operations and Politics
Potential Impact
Corporate finance and management•
Elections, voting, political campaign regulation•
Public contracts and procurement•
Tax-exempt organizations

Comments

Related

Bill Update Alert:  Anti-Corruption and Public Integrity Act
Bill Update Alert:  Ban Corporate PACs Act

Recent Activity

Latest Summary1/25/2022

Ban Corporate PACs Act

This bill prohibits for-profit corporations from establishing or operating a separate segregated political fund (commonly known as a political action committee or PAC). Existing funds must terminate not later...

Latest Action1/20/2022
Read twice and referred to the Committee on Rules and Administration.