Leadership PAC Limitation Act

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

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4724 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4724

  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

                             March 2, 2010

 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. SHORT TITLE.

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

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

    (a) Prohibition.--Section 313(b)(1) of the Federal Election 
Campaign Act of 1971 (2 U.S.C. 439a(b)(1)) is amended by inserting 
after ``subsection (a)'' the following: ``or funds of a leadership PAC 
(as defined in section 304(i)(8)(B))''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply with respect to elections occurring on or after the date of the 
enactment of this Act.
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