YourVoice.Now Summary
For-profit corporations would be banned from creating or operating political action committees (PACs) under this bill. Only nonprofit corporations — those with tax-exempt status under section 501(c) of the tax code — would still be allowed to maintain separate segregated funds for political purposes. Existing corporate PACs would have one year to wind down and disburse their remaining balances after the bill takes effect.
Congressional Summary
Ban Corporate PACs Act This bill prohibits for-profit corporations from establishing or operating a separate segregated political fund (commonly known as a political action committee or PAC). Existing funds must terminate not later than one year after the date of enactment of this bill.
Details
- Congress
- 119th
- Chamber
- Senate
- Status
- summarized
- Action
- Introduced in Senate
- Action Date
- 2025-07-29
- Date Added
- 2026-04-06