Ending Corporate Influence on Elections Act of 2023

Bill: 118-s-3173
Sponsor: full_name: Sen. Hawley, Josh [R-MO]
Introduced: 2023-10-31
Policy area: Government Operations and Politics
Latest action: action_date: 2023-10-31
text: Read twice and referred to the Committee on Rules and Administration.

Summaries:
action_date: 2023-10-31
action_desc: Introduced in Senate
text: <p><strong>Ending Corporate Influence on Elections Act of 2023</strong></p><p>This bill prohibits political contributions or donations by publicly traded corporations.</p><p>Specifically, the bill makes it unlawful for a publicly traded corporation to make (1) a contribution or donation of money or other thing of value, or to make an express or implied promise to make a contribution or donation, in connection with a federal election; (2) a contribution or donation to a political committee that accepts donations or contributions that do not comply with the contribution limits or source prohibitions under the Federal Election Campaign Act; or (3) an expenditure, independent expenditure, or disbursement for an electioneering communication.</p><p>The bill also makes it unlawful for a person to solicit, accept, or receive a contribution or donation from a publicly traded corporation.</p>

tv_txt: II 118th CONGRESS 1st Session S. 3173 IN THE SENATE OF THE UNITED STATES October 31, 2023 Mr. Hawley introduced the following bill; which was read twice and referred to the Committee on Rules and Administration A BILL To amend the Federal Election Campaign Act of 1971 to prohibit contributions and donations by publicly traded corporations.

1. Short title This Act may be cited as the Ending Corporate Influence on Elections Act of 2023 . 2. Prohibiting contributions and donations by publicly traded corporations Title III of the Federal Election Campaign Act ( 52 U.S.C. 30101 et seq. ) is amended by adding at the end the following new section: 325. Contributions and donations by publicly traded corporations (a) In general It shall be unlawful for— (1) a publicly traded corporation, directly or indirectly, to make— (A) a contribution or donation of money or other thing of value, or to make an express or implied promise to make a contribution or donation, in connection with a Federal election; (B) a contribution or donation to a political committee that accepts donations or contributions that do not comply with the contribution limits or source prohibitions under this Act; or (C) an expenditure, independent expenditure, or disbursement for an electioneering communication (within the meaning of section 304(f)(3)); or (2) a person to solicit, accept, or receive a contribution or donation described in subparagraph (A) or (B) of paragraph (1) from a publicly traded corporation. (b) Publicly traded corporation defined (1) In general As used in this section, the term publicly traded corporation means— (A) an entity the securities of which are listed on a national securities exchange which is registered under section 6 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78f ); or (B) an affiliate of an entity described in subparagraph (A). (2) Affiliate defined As used in paragraph (1)(B), the term affiliate means any entity that controls, is controlled by, or is under common control with another entity. .