Ban Corporate PACs Act
Sponsored By: Representative Harder, Josh [D-CA-9]
Introduced
Summary
This bill would ban for-profit corporations from creating or running separate segregated funds, shifting political fundraising to qualifying 501(c) nonprofit corporations and narrowing who may solicit donations. It rewrites who can host and raise money for what are commonly called corporate PACs and tightens donor rules.
Show full summary
- For-profit corporations: They could no longer establish or operate separate segregated funds. Political fundraising infrastructure of that type would be limited to nonprofits that are described in IRC section 501(c) and exempt under 501(a).
- Donors and solicitors: Only executive or administrative personnel of the qualifying nonprofit could be solicited. Stockholders, their families, and broader employee classes would be excluded from solicitation and related donor roles.
- Existing funds and contractors: Any existing separate segregated fund that is not a qualifying nonprofit fund must terminate and disburse its full balance within one year. Provisions that apply to government contractors would also refer to nonprofit corporations instead of for-profit corporations, aligning contractor fundraising with the nonprofit requirement.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Ban on for-profit corporate PACs
If enacted, for-profit companies would no longer be allowed to set up or run corporate PACs. Only qualifying nonprofits under section 501(c) that are tax-exempt under 501(a) could run these funds. They could ask only their executive or administrative staff for donations, not stockholders, their families, or other employee groups. The same nonprofit rule would apply to government contractor provisions. The changes would take effect on the date of enactment.
One-year shutdown of noncompliant PACs
If enacted, any corporate PAC that is not a qualifying nonprofit fund would have to close. Funds operating on the enactment date would need to give out their entire balance. They would have up to one year after enactment to wind down. The amendments would take effect on the date of enactment.
Sponsors & CoSponsors
Sponsor
Harder, Josh [D-CA-9]
CA • D
Cosponsors
Rep. Golden, Jared F. [D-ME-2]
ME • D
Sponsored 7/29/2025
Rep. Goodlander, Maggie [D-NH-2]
NH • D
Sponsored 8/8/2025
Riley (NY)
NY • D
Sponsored 9/2/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov