Abolish Super PACs Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill, the Abolish Super PACs Act, aims to limit the influence of Super PACs in federal elections by placing reasonable contribution limits on these committees. It seeks to reduce the risk of corruption and restore public confidence in the electoral process. The bill specifically targets Super PACs that make independent expenditures and defines them for regulatory purposes.
Key provisions
- Limits contributions to independent expenditure committees to $5,000 per year.
- Defines an ‘independent expenditure committee’ as a committee making $5,000 or more in independent expenditures or contributing $5,000 or more to other independent expenditure committees.
- Clarifies that separate accounts of political committees established for independent expenditures are considered independent expenditure committees.
- Amends the Federal Election Campaign Act to specify that limitations apply to ‘independent expenditure committees’ rather than ‘any other political committee.’
- Addresses the issue of foreign interference by limiting contributions to Super PACs.
- Recognizes that contributions to Super PACs can facilitate corrupt transactions.
- States that reasonable limits on Super PAC contributions are necessary to protect American democracy.
Who is affected
- Political candidates
- Super PACs
- Donors to Super PACs
Bill text
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Sponsors
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34 on record
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Cosponsors
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