Leadership PAC Limitation Act

Leadership PAC Limitation Act

This bill amends the Federal Election Campaign Act of 1971 to prohibit the conversion of leadership PAC funds to personal use. A leadership PAC is a political action committee (other than a political committee of a political party) that is established, financed, maintained, or controlled by the candidate or an individual but which is not an authorized committee of the candidate or individual and not affiliated with an authorized committee of the candidate or individual.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 593 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 593

  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

                            January 20, 2017

  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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