Ban Corporate PACs Act

1/31/2024, 4:45 AM

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
118
Number
HR - 5941
Introduced on
2023-10-12
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

10/25/2023
Text
PDF
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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 IntroducedTo 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

Comments

Recent Activity

Latest Summary1/30/2024

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 Action10/25/2023
Referred to the House Committee on House Administration.