(29) Six and four-tenths percent of itemized 
funds raised by Super PACs since 2010 were not 
able to be traced to their original sources, which de-
creases accountability and transparency, threatens 
public confidence in our elected officials and our 
elections, and has a distorting effect on our elec-
tions. 
(30) Corporations, now freed to spend as much 
as they like to influence elections, contributed $31 
million to Super PACs from 2010–2011, thereby 
helping give corporate interests a greater voice in 
our political system than average Americans. 
(31) A January 2012 poll by Rasmussen says 
that 58 percent of Americans believe the United 
States needs new campaign finance laws. 
(32) A January 2012 poll by Democracy Corps 
found that 55 percent of Americans oppose the Citi-
zens United decision. Eighty percent of voters also 
believe there should be limits on the money spent in 
campaigns. 
(33) After considering these findings, Congress 
is concerned by the unfairness of unlimited spending 
in elections and is taking this action to protect our 
democracy and our electoral system. 
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(34) Reinstating the ban on corporate political 
expenditures and placing a limit on the amount of 
donations to Super PACs will help restore faith and 
trust in our democracy and will respond to calls by 
the American people for vigorous campaign finance 
reform and effective laws to protect our free demo-
cratic system of elections. 
SEC. 3. PROHIBITION OF CORPORATE AND LABOR DIS-
BURSEMENTS FOR ELECTIONEERING COM-
MUNICATIONS. 
(a) PROHIBITION.— 
(1) IN
GENERAL.—Section 316(b)(2) of the 
Federal Election Campaign Act of 1971 (2 U.S.C. 
441b(b)(2)) is amended by inserting ‘‘or for any ap-
plicable electioneering communication’’ before ‘‘, but 
shall not include’’. 
(2) APPLICABLE ELECTIONEERING COMMUNICA-
TION.—Section 316 of such Act (2 U.S.C. 441b) is 
amended by adding at the end the following: 
‘‘(c) RULES RELATING TO ELECTIONEERING COM-
MUNICATIONS.— 
‘‘(1) APPLICABLE
ELECTIONEERING
COMMU-
NICATION.—For purposes of this section, the term 
‘applicable electioneering communication’ means an 
electioneering communication (within the meaning of 
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section 304(f)(3)) which is made by any entity de-
scribed in subsection (a) of this section or by any 
other person using funds donated by an entity de-
scribed in subsection (a) of this section. 
‘‘(2) EXCEPTION.—Notwithstanding paragraph 
(1), the term ‘applicable electioneering communica-
tion’ does not include a communication by a section 
501(c)(4) organization or a political organization (as 
defined in section 527(e)(1) of the Internal Revenue 
Code of 1986) made under section 304(f)(2)(E) or 
(F) of this Act if the communication is paid for ex-
clusively by funds provided directly by individuals 
who are United States citizens or nationals or law-
fully admitted for permanent residence (as defined 
in section 101(a)(20) of the Immigration and Na-
tionality Act (8 U.S.C. 1101(a)(20))). For purposes 
of the preceding sentence, the term ‘provided di-
rectly by individuals’ does not include funds the 
source of which is an entity described in subsection 
(a) of this section. 
‘‘(3) SPECIAL OPERATING RULES.— 
‘‘(A) 
DEFINITION
UNDER
PARAGRAPH 
(1).—An electioneering communication shall be 
treated as made by an entity described in sub-
section (a) if an entity described in subsection 
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(a) directly or indirectly disburses any amount 
for any of the costs of the communication. 
‘‘(B) 
EXCEPTION
UNDER
PARAGRAPH 
(2).—A section 501(c)(4) organization that de-
rives amounts from business activities or re-
ceives funds from any entity described in sub-
section (a) shall be considered to have paid for 
any communication out of such amounts unless 
such organization paid for the communication 
out of a segregated account to which only indi-
viduals can contribute, as described in section 
304(f)(2)(E). 
‘‘(4) DEFINITIONS AND RULES.—For purposes 
of this subsection— 
‘‘(A) the term ‘section 501(c)(4) organiza-
tion’ means— 
‘‘(i) an organization described in sec-
tion 501(c)(4) of the Internal Revenue 
Code of 1986 and exempt from taxation 
under section 501(a) of such Code; or 
‘‘(ii) an organization which has sub-
mitted an application to the Internal Rev-
enue Service for determination of its status 
as an organization described in clause (i); 
and 
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‘‘(B) a person shall be treated as having 
made a disbursement if the person has executed 
a contract to make the disbursement. 
‘‘(5) COORDINATION WITH INTERNAL REVENUE 
CODE.—Nothing in this subsection shall be con-
strued to authorize an organization exempt from 
taxation under section 501(a) of the Internal Rev-
enue Code of 1986 to carry out any activity which 
is prohibited under such Code. 
‘‘(6) SPECIAL RULES FOR TARGETED COMMU-
NICATIONS.— 
‘‘(A) EXCEPTION
DOES
NOT
APPLY.— 
Paragraph (2) shall not apply in the case of a 
targeted communication that is made by an or-
ganization described in such paragraph. 
‘‘(B) TARGETED
COMMUNICATION.—For 
purposes of subparagraph (A), the term ‘tar-
geted communication’ means an electioneering 
communication (as defined in section 304(f)(3)) 
that is distributed from a television or radio 
broadcast station or provider of cable or sat-
ellite television service and, in the case of a 
communication which refers to a candidate for 
an office other than President or Vice Presi-
dent, is targeted to the relevant electorate. 
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