Ban Corporate PACs Act Introduced in U.S. Senate - State and Federal Communications

January 21, 2022  •  

Ban Corporate PACs Act Introduced in U.S. Senate

US Capitol - by Martin Falbisoner via Wikimedia Commons

On January 20, U.S. Sen. Mark Kelly introduced the Ban Corporate PACs Act.

The legislation, Senate Bill 3528, amends the Federal Election Campaign Act of 1971 to eliminate the ability of for-profit corporations to establish and manage separate segregated funds (i.e., PACs) or solicit contributions from corporate stockholders. It also requires existing corporate PACs, of a type that would no longer be permitted under this Act, be terminated and their funds be fully disbursed within one year after enactment of the Act.

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