Josh Harder (D-CA)

Ban Corporate PACs Act

H.R. 4799 · House bill Government Operations and Politics

A Democratic bill with 3 Democratic cosponsors · See all 3 cosponsors

Last activity — Referred to the House Committee on House Administration.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "Ban Corporate PACs Act," seeks to amend the Federal Election Campaign Act of 1971. It aims to limit the authority of corporations to establish and operate separate segregated funds for political purposes. Under this proposal, such authority would be restricted to nonprofit corporations. The bill also changes the rules regarding who can be solicited for contributions to these funds. Additionally, it mandates a transition period for existing funds that do not meet the new nonprofit criteria.

Yes

  • Scored +7

    Does this limit or expose the money behind campaigns?

    The bill restricts the ability of corporations to operate political action funds by limiting that authority to nonprofit corporations.

The opposite

  • Scored -6

    Would business owners be better off under this?

    The bill reduces the political influence and fund-operating capabilities of many corporations.

  • Scored -4

    Would people with substantial wealth be better off under this?

    The bill restricts the ability of stockholders to be solicited for political contributions to their corporations.