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 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 714 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 714

  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

                            February 4, 2015

  Mr. Capuano (for himself, Mr. Jones, and Mr. Peters) 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 (52 U.S.C. 30114(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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