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Ban on Commercial Corporations Establishing Political Action Committees (PACs)

This Act restricts the ability to establish and operate Political Action Committees (PACs) exclusively to nonprofit corporations. Commercial companies will no longer be able to raise and spend money for political purposes through their own PACs. The goal is to reduce the influence of large corporations on elections and the legislative process, potentially increasing the weight of individual citizens' voices.
Key points
Commercial corporations lose the right to establish and operate their own Political Action Committees (PACs).
Only nonprofit corporations (tax-exempt under section 501(c) of the Internal Revenue Code) will be allowed to operate PACs.
Existing PACs of commercial corporations must be terminated and their balances disbursed within 1 year of the Act's enactment.
Nonprofit corporations operating PACs will only be allowed to solicit contributions from executive and administrative personnel, not from stockholders.
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Additional Information
Print number: 118_S_3599
Sponsor: Sen. Kelly, Mark [D-AZ]
Process start date: 2024-01-17
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Ban Corporate PACs Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3599.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-01-17.

What are the main provisions?

Key points include:

  • Commercial corporations lose the right to establish and operate their own Political Action Committees (PACs).
  • Only nonprofit corporations (tax-exempt under section 501(c) of the Internal Revenue Code) will be allowed to operate PACs.
  • Existing PACs of commercial corporations must be terminated and their balances disbursed within 1 year of the Act's enactment.
  • Nonprofit corporations operating PACs will only be allowed to solicit contributions from executive and administrative personnel, not from stockholders.
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 Sen. Kelly, Mark [D-AZ].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Courts and Law Economy