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HOUSE 2692117th CongressReferred to the House Committee on House Administration.

Ban Corporate PACs Act

Last Action
4/20/2021

Actions

  • 2021-04-20Referred to the House Committee on House Administration.
  • 2021-04-20Introduced in House
  • 2021-04-20Introduced in House

CRS Summary

As of 2021-04-20 (00)

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.

Cosponsors (4)

  • Jared Golden (D-ME)
  • Mike Levin (D-CA)
  • Chris Pappas (D-NH)
  • Elissa Slotkin (D-MI)

Subjects

  • Corporate finance and management
  • Elections, voting, political campaign regulation
  • Public contracts and procurement
  • Tax-exempt organizations
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.