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.
Ban Corporate PACs Act
This bill prohibits for-profit corporations from establishing a separate segregated political fund. Existing funds must terminate and disburse their entire balance not later than one year after the enactment of this bill.
Introduced in House
Introduced in House
Referred to the House Committee on House Administration.
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