Ban Corporate PACs Act

Hozzl · 2024-01-31T04:45:30Z

Explore the details of House Bill 5941 Ban Corporate PACs Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Government Operations and Politics. Stay informed on legislative developments.

1/31/2024, 4:45 AM

Congressional Summary of HR 5941

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.

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Current Status of Bill HR 5941

Bill HR 5941 is currently in the status of Bill Introduced since October 12, 2023. Bill HR 5941 was introduced during Congress 118 and was introduced to the House on October 12, 2023. Bill HR 5941's most recent activity was Referred to the House Committee on House Administration. as of October 25, 2023

Bipartisan Support of Bill HR 5941

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5941

Primary Policy Focus

Government Operations and Politics

Alternate Title(s) of Bill HR 5941

Ban Corporate PACs Act

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.