H.R. 1113 — Introduced in House

I 113th CONGRESS 1st Session H. R. 1113 IN THE HOUSE OF REPRESENTATIVES March 13, 2013 Mr. Grayson introduced the following bill; which was referred to the Committee on the Judiciary A BILL To make the antitrust laws applicable to a political committee under the Federal Election Campaign Act of 1971 which is established and administered by a separate segregated fund of a corporation pursuant to section 316(b)(2)(C) of such Act. 1. Application of antitrust laws to corporate PACs The antitrust laws shall apply to a political committee under the Federal Election Campaign Act of 1971 which is established and administered by a separate segregated fund of a corporation pursuant to section 316(b)(2)(C) of such Act, and in accordance with such laws, a political committee for multiple legal entities in the same business shall be prohibited. 2. Definition For purposes of this Act, the term antitrust laws has the meaning given such term in the first section of the Clayton Act, except that such term includes section 5 of the Federal Trade Commission Act to the extent that such section 5 applies to unfair methods of competition.