< Back to H.R. 5623 (109th Congress, 2005–2006)

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

...to personal use.

This bill was introduced on June 15, 2006, in a previous session of Congress, but was not enacted. The text of the bill below is as of Jun 15, 2006 (Introduced).

Source: GPO

I

109th CONGRESS

2d Session

H. R. 5623

IN THE HOUSE OF REPRESENTATIVES

June 15, 2006

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.

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.

.

2.

Effective Date

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