Ban Corporate PACs Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4799 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4799 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. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 29, 2025 Mr. Harder of California (for himself and Mr. Golden of Maine) introduced the following bill; which was referred to the Committee on House Administration _______________________________________________________________________ A BILL 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Ban Corporate PACs Act''. SEC. 2. LIMITING AUTHORITY OF CORPORATIONS TO ESTABLISH OR OPERATE SEPARATE SEGREGATED FUNDS FOR POLITICAL PURPOSES TO NONPROFIT CORPORATIONS. (a) Limitation.-- (1) In general.--Section 316(b)(2)(C) of the Federal Election Campaign Act of 1971 (52 U.S.C. 30118(b)(2)(C)) is amended by striking ``a corporation'' and inserting ``a nonprofit corporation''. (2) Definition.--Section 316(b) of such Act (52 U.S.C. 30118(b)) is amended by adding at the end the following new paragraph: ``(8) For purposes of this section, the term `nonprofit corporation' means a corporation described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code, other than a c