Bill > HR1399

This bill amends the Federal Election Campaign Act of 1971 to remove the prior approval requirement for trade associations soliciting contributions from stockholders and executive or administrative personnel of their member corporations. Specifically, the bill eliminates language that previously restricted how trade associations could request financial contributions, effectively giving these organizations more flexibility in fundraising efforts. The changes will take effect for solicitations made on or after January 1, 2025. By removing the "prior approval" constraint, trade associations will have broader latitude to seek contributions from corporate stakeholders without needing to go through previous approval processes. The bill is relatively straightforward, making a targeted modification to existing campaign finance regulations that could potentially increase fundraising opportunities for trade associations.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/1399/all-info