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

Amends the Federal Election Campaign Act of 1971 to prohibit the conversion of leadership PAC funds to personal use.

Defines leadership PAC as a political committee directly or indirectly established, maintained, or controlled by a candidate for election for federal office, or an individual holding federal office, but not an authorized committee of the candidate or individual. Excludes any political committee of a political party from the meaning of leadership PAC.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5623 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 5623

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 15, 2006

 Mr. Capuano introduced the following bill; which was referred to the 
                   Committee on House Administration

_______________________________________________________________________

                                 A BILL


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

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

SECTION 1. 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)''.
    (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:
            ``(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.''.

SEC. 2. EFFECTIVE DATE.

    The amendments made by this Act shall apply with respect to 
elections occurring after December 2006.
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