118th Congress · HOUSE BILLBILL

H.R. 5941 — Ban Corporate PACs Act

“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.”

Government operations and politics

Introduced Oct 12, 2023

Last action Oct 25, 2023

Pipeline · Bill → Law

Step 1

Introduced

Oct 12, 2023

Step 2

Referred

Oct 25, 2023

House Admin

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 3 sectionsIntroduced in House

Timeline · 2 actions

Oct 25, 2023

Referred to the House Committee on House Administration.

Oct 12, 2023

Introduced in House