Prior Approval Reform Act

Bill 119 hr 1399, also known as the Trade Association Political Contribution Reform Act, aims to amend the Federal Election Campaign Act of 1971. The main goal of this bill is to allow trade associations to have more flexibility in soliciting contributions from the stockholders and executive or administrative personnel of their member corporations.

Currently, trade associations are limited in their ability to solicit contributions from these individuals. This bill seeks to expand this ability, allowing trade associations to engage with a broader range of potential donors within their member corporations.

The bill does not specify any restrictions on the amount of contributions that can be solicited, but rather focuses on expanding the pool of potential donors for trade associations. This could potentially lead to increased political engagement and financial support for trade associations and their political activities. Overall, the Trade Association Political Contribution Reform Act aims to provide trade associations with more opportunities to raise funds for their political activities, ultimately allowing them to have a greater impact on the political landscape.