Bill > HR2352

This bill seeks to address concerns about Super PACs (Political Action Committees) by reinstating contribution limits to these independent expenditure committees. The legislation recognizes that since 2010, when contribution limits were lifted, Super PACs have grown dramatically in influence, with the top 1% of contributors providing over 96% of Super PAC funds in recent elections. The bill defines an independent expenditure committee as any political committee that makes independent expenditures or contributions to other such committees totaling $5,000 or more annually. It aims to limit the risk of corruption by preventing large donors from potentially influencing candidates through massive contributions, restore public confidence in the electoral process, and reduce the potential for foreign interference in elections. Specifically, the bill amends the Federal Election Campaign Act to reimpose contribution limits on these committees, arguing that unrestricted contributions create an appearance of corruption and undermine representative democracy. The proposed changes would apply to contributions and expenditures starting in the first calendar year after the Act's enactment, with the ultimate goals of reducing the outsized financial influence in political campaigns and protecting the integrity of the electoral system.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/2352/all-info