To amend the Federal Election Campaign Act of 1971 to prohibit criminal corporations from making disbursements of funds in connection with a campaign for election for Federal, State, or local office.
About This Bill
Committee
Latest Action · May 23, 2024
Referred to the House Committee on House Administration.
This bill would prohibit corporations convicted of federal crimes involving dishonesty or breach of trust from making political contributions and spending money on elections for a 10-year period following their conviction. The ban would also apply to corporations that settle federal criminal charges through agreements with the Justice Department involving penalties of at least $1 million. The prohibition covers all forms of political spending, including direct contributions, independent expenditures, and election-related communications. The law would apply to federal, state, and local elections and would take effect immediately upon passage. The bill affects corporations engaged in criminal activity and aims to prevent those convicted of crimes from using their resources to influence democratic elections.
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