Prohibiting Payments to Entities Owned by Political Committee Managers
New rules aim to prevent corruption in political campaign financing. They prohibit political committees from paying money to companies owned or controlled by individuals managing those committees or their immediate family members. This is intended to increase transparency in spending and protect funds designated for political purposes from misuse.
Key points
Political committees cannot pay entities owned by their executives, fundraisers, or their immediate family members.
The prohibition also applies to employing individuals who have violated these rules.
Exceptions include candidate committees, political parties, corporate/labor organization funds, and situations where most funds are used for non-administrative, non-fundraising, and non-salary expenses.
The provisions take effect 90 days after enactment.
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