II
119th CONGRESS
1st Session
S. 2515
IN THE SENATE OF THE UNITED STATES
July 29, 2025
Mr. Kelly (for himself, Ms. Slotkin, Mr. Kim, and Ms. Warren) introduced the following bill; which was read twice and referred to the Committee on Rules and Administration
A BILL
To amend the Federal Election Campaign Act of 1971 to limit the authority of corporations to establish and operate separate segregated funds utilized for political purposes, including the establishment or operation of a political committee, to nonprofit corporations, and for other purposes.
Short title
This Act may be cited as the
Ban Corporate PACs Act
.
Limiting authority of corporations to establish or operate separate segregated funds for political purposes to nonprofit corporations
Limitation
In general
Section 316(b)(2)(C) of the Federal Election Campaign Act of 1971 (52
U.S.C. 30118(b)(2)(C)) is amended by striking a corporation
and inserting a nonprofit corporation
.
Definition
Section 316(b) of such Act (52 U.S.C. 30118(b)) is amended by adding at the end the following new paragraph:
For purposes of this section, the term nonprofit corporation means a corporation described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code, other than a corporation which is ineligible to be exempt from taxation under section 501(a) of such Code if it establishes a separate segregated fund under this subsection.
.
Permitting solicitation of contributions only from executive and administrative personnel
Section 316(b) of such Act (52 U.S.C. 30118(b)) is amended—
in paragraph (4)(A)(i), by striking its stockholders and their
families and
;
in paragraph (4)(B)—
by striking a corporation
the first place it appears
and inserting a nonprofit corporation
;
by striking any stockholder, executive or administrative
personnel,
and inserting any executive or
administrative personnel
; and
by striking stockholders, executive or administrative
personnel,
and inserting executive or administrative
personnel
;
in paragraph (4)(D)—
by striking stockholders and
;
by striking such stockholders or personnel
and
inserting such personnel
; and
by striking such stockholders and personnel
and
inserting such personnel
; and
in paragraph (5), by striking stockholders and
.
Treatment of government contractors
Section 317(b) of such Act (52 U.S.C. 30119(b)) is amended—
by striking any corporation
and inserting any
nonprofit corporation
; and
by striking a corporation
and inserting a nonprofit
corporation
.
Effective date; transition for existing funds and committees
Effective date
The amendments made by this Act shall take effect on the date of the enactment of this Act.
Transition for existing funds and committees
In the case of a separate segregate fund established and operating under section 316(b)(2)(C) of the Federal Election Campaign Act of 1971 (52 U.S.C. 30118(b)(2)(C)) as of the date of the enactment of this Act which is not a fund of a nonprofit corporation as defined in section 316(b)(8) of such Act (as added by section 2(a)(2)), the fund shall terminate and disburse its entire balance not later than 1 year after the date of the enactment of this Act.