HR 1565 IHCommentsClose CommentsPermalink

To amend the Federal Election Campaign Act of 1971 to prohibit the conversion of leadership PAC funds to personal use.CommentsClose CommentsPermalink

March 19, 2007

Mr. CAPUANO introduced the following bill; which was referred to the Committee on House AdministrationCommentsClose CommentsPermalink

To amend the Federal Election Campaign Act of 1971 to prohibit the conversion of leadership PAC funds to personal use.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink

SECTION 1. SHORT TITLE.

This Act may be cited as the `Leadership PAC Limitation Act'.CommentsClose CommentsPermalink

SEC. 2. PROHIBITING CONVERSION OF LEADERSHIP PAC FUNDS TO PERSONAL USE.

(a) Prohibition- Section 313(b)(2) of the Federal Election Campaign Act of 1971 (2 U.S.C. 439(b)(2)) is amended by inserting after `subsection (a)' the following: `or funds of a leadership PAC described in paragraph (3)'.CommentsClose CommentsPermalink





(b) Leadership PAC Defined- Section 313(b) of such Act (2 U.S.C. 439a(b)) is amended by adding at the end the following new paragraph:CommentsClose CommentsPermalink





`(3) LEADERSHIP PAC DEFINED- In this subsection, the term `leadership PAC' means a political committee which is directly or indirectly established, maintained, or controlled by a candidate for election for Federal office or an individual holding Federal office but is not an authorized committee of the candidate or individual, except that such term does not include any political committee of a political party.'.CommentsClose CommentsPermalink

SEC. 3. EFFECTIVE DATE.

The amendments made by this Act shall apply with respect to elections occurring on or after the date of the enactment of this Act.CommentsClose CommentsPermalink