Ban Corporate PACs Act

# Ban Corporate PACs Act Summary **What It Would Do** This bill would prohibit corporations from creating and funding Political Action Committees (PACs). PACs are organizations that collect money from employees, shareholders, or members and use it to support political candidates and causes. If passed, companies would no longer be allowed to establish or maintain these political fundraising entities. **Who It Affects** The bill would primarily impact corporations and their ability to participate in campaign financing.

It would also affect employees and shareholders who currently have the option to contribute to corporate PACs, as well as political candidates who receive funding from these organizations. Notably, the bill does not address other types of PACs, such as those created by labor unions, trade associations, or individual advocacy groups. **Current Status** The bill is currently in committee, meaning it has been introduced but has not yet advanced for a full vote in the Senate. As of now, it remains in the early stages of the legislative process with no clear timeline for when—or if—it might receive further consideration.