Abolish Super PACs Act

Key Points

• The bill would cap contributions to Super PACs at the same level as regular political action committees, currently $5,000 per year per donor. Right now, Super PACs can accept unlimited contributions from individuals and organizations.
• The bill argues that since 2010, when contribution limits on Super PACs were lifted, a tiny fraction of ultra-wealthy donors has come to dominate election spending. In 2024, the top 1% of individual Super PAC contributors gave nearly 97% of all individual Super PAC contributions.
• Independent expenditures in elections grew more than 700% between 2008 and 2020, and over $4.48 billion was spent on independent expenditures in 2024 alone, most of it flowing through about 2,459 registered Super PACs.
• The bill also targets the risk of foreign interference, arguing that capping contributions makes it harder for foreign entities to funnel money into elections through third-party donors.
• If enacted, the new contribution limits would take effect on January 1 of the first full calendar year after the bill becomes law. Any political committee that spends or contributes $5,000 or more on independent expenditures in a year would be covered.