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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
3/19/2007--Introduced. Leadership PAC Limitation Act - Amends the Federal Election Campaign Act of 1971 to prohibit the conversion of leadership PAC funds to personal use.
Defines leadership PAC as a political committee directly or indirectly established, maintained, or controlled by a candidate for election for federal office, or an individual holding federal office, but not an authorized committee of the candidate or individual. Excludes any political committee of a political party from the meaning of leadership PAC.