H.R. 465: Leadership PAC Limitation Act

113th Congress, 2013–2015. Text as of Feb 04, 2013 (Introduced).

Status & Summary | PDF | Source: GPO and Cato Institute Deepbills

I

113th CONGRESS

1st Session

H. R. 465

IN THE HOUSE OF REPRESENTATIVES

February 4, 2013

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.

Short Title

This Act may be cited as the Leadership PAC Limitation Act .

2.

Prohibiting Conversion of Leadership PAC Funds to Personal Use

(a)

Prohibition

Section 313(b)(1) of the Federal Election Campaign Act of 1971 (2 U.S.C. 439a(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.