H. R. 1565
IN THE HOUSE OF REPRESENTATIVES
March 19, 2007
Mr. Capuano introduced the following bill; which was referred to the Committee on House Administration
To amend the Federal Election Campaign Act of 1971 to prohibit the conversion of leadership PAC funds to personal use.
This Act may be cited as the
Leadership PAC Limitation Act.
Prohibiting Conversion of Leadership PAC Funds to Personal Use
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).
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:
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.
The amendments made by this Act shall apply with respect to elections occurring on or after the date of the enactment of this Act.