I 

118TH CONGRESS 

1ST SESSION H. R. 5941 

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 

OCTOBER 12, 2023 

Mr. HARDER of California (for himself and Mr. GOLDEN of Maine) introduced 

the following bill 

OCTOBER 25, 2023 

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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 


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•HR 5941 IH

1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Ban Corporate PACs 

3 Act’’. 

4 SEC. 2. LIMITING AUTHORITY OF CORPORATIONS TO ES5 TABLISH OR OPERATE SEPARATE SEG6 REGATED FUNDS FOR POLITICAL PURPOSES 

7 TO NONPROFIT CORPORATIONS. 

8 (a) LIMITATION.— 

9 (1) IN GENERAL.—Section 316(b)(2)(C) of the 

10 Federal Election Campaign Act of 1971 (52 U.S.C. 

11 30118(b)(2)(C)) is amended by striking ‘‘a corpora12 tion’’ and inserting ‘‘a nonprofit corporation’’. 

13 (2) DEFINITION.—Section 316(b) of such Act 

14 (52 U.S.C. 30118(b)) is amended by adding at the 

15 end the following new paragraph: 

16 ‘‘(8) For purposes of this section, the term ‘nonprofit 

17 corporation’ means a corporation described in section 

18 501(c) of the Internal Revenue Code of 1986 and exempt 

19 from taxation under section 501(a) of such Code, other 

20 than a corporation which is ineligible to be exempt from 

21 taxation under section 501(a) of such Code if it establishes 

22 a separate segregated fund under this subsection.’’. 

23 (b) PERMITTING SOLICITATION OF CONTRIBUTIONS

24 ONLY FROM EXECUTIVE AND ADMINISTRATIVE PER25 SONNEL.—Section 316(b) of such Act (52 U.S.C. 

26 30118(b)) is amended— 


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•HR 5941 IH

1 (1) in paragraph (4)(A)(i), by striking ‘‘its 

2 stockholders and their families and’’; 

3 (2) in paragraph (4)(B)— 

4 (A) by striking ‘‘a corporation’’ the first 

5 place it appears and inserting ‘‘a nonprofit cor6 poration’’; 

7 (B) by striking ‘‘any stockholder, executive 

8 or administrative personnel,’’ and inserting 

9 ‘‘any executive or administrative personnel’’; 

10 and 

11 (C) by striking ‘‘stockholders, executive or 

12 administrative personnel,’’ and inserting ‘‘exec13 utive or administrative personnel’’; 

14 (3) in paragraph (4)(D)— 

15 (A) by striking ‘‘stockholders and’’; 

16 (B) by striking ‘‘such stockholders or per17 sonnel’’ and inserting ‘‘such personnel’’; and 

18 (C) by striking ‘‘such stockholders and 

19 personnel’’ and inserting ‘‘such personnel’’; and 

20 (4) in paragraph (5), by striking ‘‘stockholders 

21 and’’. 

22 (c) TREATMENT OF GOVERNMENT CONTRACTORS.— 

23 Section 317(b) of such Act (52 U.S.C. 30119(b)) is 

24 amended— 


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•HR 5941 IH

1 (1) by striking ‘‘any corporation’’ and inserting 

2 ‘‘any nonprofit corporation’’; and 

3 (2) by striking ‘‘a corporation’’ and inserting ‘‘a 

4 nonprofit corporation’’. 

5 SEC. 3. EFFECTIVE DATE; TRANSITION FOR EXISTING 

6 FUNDS AND COMMITTEES. 

7 (a) EFFECTIVE DATE.—The amendments made by 

8 this Act shall take effect on the date of the enactment 

9 of this Act. 

10 (b) TRANSITION FOR EXISTING FUNDS AND COMMIT11 TEES.—In the case of a separate segregate fund estab12 lished and operating under section 316(b)(2)(C) of the 

13 Federal Election Campaign Act of 1971 (52 U.S.C. 

14 30118(b)(2)(C)) as of the date of the enactment of this 

15 Act which is not a fund of a nonprofit corporation as de16 fined in section 316(b)(8) of such Act (as added by section 

17 2(a)(2)), the fund shall terminate and disburse its entire 

18 balance not later than 1 year after the date of the enact19 ment of this Act. 

Æ 


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