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Banning Political Spending by Corporations Convicted of Financial Crimes.

This bill aims to reduce the influence of corporations involved in serious misconduct on elections. It imposes a 10-year ban on political spending (contributions, independent expenditures) for companies convicted of felonies involving dishonesty or breach of trust. The ban also applies to corporations that settle such charges with the Attorney General for $1 million or more, ensuring that entities proven to be criminally dishonest cannot use their funds to influence campaigns.
Key points
Corporations convicted of felonies like conspiracy to defraud the US or other dishonesty crimes are banned from political spending for 10 years.
The ban also applies if the corporation avoids conviction but enters into a nonprosecution agreement requiring a payment of $1,000,000 or more.
The restriction covers all political disbursements, including contributions and independent expenditures, in federal, state, and local elections.
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Additional Information
Print number: 118_HR_8552
Sponsor: Rep. Omar, Ilhan [D-MN-5]
Process start date: 2024-05-23
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protect Democracy From Criminal Corporations Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8552.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-05-23.

What are the main provisions?

Key points include:

  • Corporations convicted of felonies like conspiracy to defraud the US or other dishonesty crimes are banned from political spending for 10 years.
  • The ban also applies if the corporation avoids conviction but enters into a nonprosecution agreement requiring a payment of $1,000,000 or more.
  • The restriction covers all political disbursements, including contributions and independent expenditures, in federal, state, and local elections.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Omar, Ilhan [D-MN-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on House Administration.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Courts and Law Economy