Ban Corporate PACs Act
Rep. Harder Introduces Ban Corporate PACs Act to Prohibit For-Profit Companies From Running Political Funds
This bill is currently in the early stages of the legislative process after being sent to the House Committee on House Administration for review. It is considered active, but no future meetings or votes have been scheduled yet. There is no companion bill mentioned for this proposal.
Legislative Progress
This bill faces strong opposition from business groups and lacks the bipartisan support needed to pass through a divided Congress.
Key Points
Impact Analysis
Personal Impact
Small businesses that are incorporated and currently operate corporate PACs would lose the ability to pool money through those political funds. While most small businesses do not run PACs, those that do would lose a tool for organized political giving. They could still donate individually or through trade association PACs run by nonprofits, but their direct corporate PAC channel would be eliminated.
“Section 316(b)(2)(C) of the Federal Election Campaign Act of 1971 (52 U.S.C. 30118(b)(2)(C)) is amended by striking ``a corporation'' and inserting ``a nonprofit corporation''”
Milestones
Referred to the House Committee on House Administration.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
2 articlesExclusive: Dems propose corporate PAC ban
A group of congressional Democrats, led by Sens. Mark Kelly and Elissa Slotkin, is proposing a ban on for-profit corporations forming and using political action committees (PACs), a move that could split the party ahead of the 2028 elections.
Politico Playbook: Dems to introduce Ban Corporate PACs Act
Senators Mark Kelly and Elissa Slotkin, both seen as potential 2028 presidential contenders, are set to introduce the Ban Corporate PACs Act, which would prohibit for-profit companies from operating political action committees and require existing ones to dissolve within one year.
Source Information
Document Type
Congressional Bill
Official Title
Ban Corporate PACs Act
Data Sources
Sponsor
Cosponsors
(3)Analysis generated by AI. Always verify with official sources.