,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #eabi  ,,in ,,the ,,house ,,of  
,,representatives  ,november #ae1       
#bjai,mr4 ,rose of ,new ,york 7for      
himself1 ,mr4 ,harder of ,california1   
,mr4 ,kennedy1 and ,mr4 ,delgado7       
introduced the following bill2 which was
 referred to the ,committee on ,house   
,administration  ,a ,,bill  ,to amend   
the ,federal ,election ,campaign ,act of
 #aiga to limit the authority of        
corporations to establish and operate   
separate segregated funds utilized for  
political purposes1 including the       
establishment or operation of a         
political committee1 to nonprofit       
corporations1 and for other purposes4   
#a4 ,short title ,this ,act may be cited
 as the ,ban ,corporate ,p,a,cs ,act4   
#b4 ,limiting authority of corporations 
to establish or operate separate        
segregated funds for political purposes 
to nonprofit corporations  7a7          
,limitation  7#a7 ,in general ,section  
#caf7;b77#b77;,c7 of the ,federal       

,election ,campaign ,act of #aiga 7#eb  
,u4,s4,c4 #cjaah7;b77#b77;,c77 is       
amended by striking a corporation and   
inserting a nonprofit corporation4  7#b7
 ,definition ,section #caf7;b7 of such  
,act 7#eb ,u4,s4,c4 #cjaah7;b77 is      
amended by adding at the end the        
following new paragraph3  7#h7 ,for     
purposes of this section1 the term      
nonprofit corporation means a           
corporation described in section        
#eja7;c7 of the ,internal ,revenue ,code
 of #aihf and exempt from taxation under
 section #eja7;a7 of such ,code1 other  
than a corporation which is ineligible  
to be exempt from taxation under section
 #eja7;a7 of such ,code if it           
establishes a separate segregated fund  
under this subsection4  4  7b7          
,permitting solicitation of             
contributions only from executive and   
administrative personnel ,section       
#caf7;b7 of such ,act 7#eb ,u4,s4,c4    
#cjaah7;b77 is amended-- 7#a7 in        
paragraph 7#d77;,a77i71 by striking its 

stockholders and their families and2    
7#b7 in paragraph 7#d77;,b7-- 7,a7 by   
striking a corporation the first place  
it appears and inserting a nonprofit    
corporation2  7,b7 by striking any      
stockholder1 executive or administrative
 personnel1 and inserting any executive 
or administrative personnel2 and  7,c7  
by striking stockholders1 executive or  
administrative personnel1 and inserting 
executive or administrative personnel2  
7#c7 in paragraph 7#d77;,d7-- 7,a7 by   
striking stockholders and2  7,b7 by     
striking such stockholders or personnel 
and inserting such personnel2 and  7,c7 
by striking such stockholders and       
personnel and inserting such personnel2 
and  7#d7 in paragraph 7#e71 by striking
 stockholders and4  7c7 ,treatment of   
government contractors ,section #cag7;b7
 of such ,act 7#eb ,u4,s4,c4 #cjaai7;b77
 is amended--  7#a7 by striking any     
corporation and inserting any nonprofit 
corporation2 and  7#b7 by striking a    
corporation and inserting a nonprofit   

corporation4  #c4 ,effective date2      
transition for existing funds and       
committees  7a7 ,effective date ,the    
amendments made by this ,act shall take 
effect on the date of the enactment of  
this ,act4  7b7 ,transition for existing
 funds and committees ,in the case of a 
separate segregate fund established and 
operating under section                 
#caf7;b77#b77;,c7 of the ,federal       
,election ,campaign ,act of #aiga 7#eb  
,u4,s4,c4 #cjaah7;b77#b77;,c77 as of the
 date of the enactment of this ,act     
which is not a fund of a nonprofit      
corporation as defined in section       
#caf7;b77#h7 of such ,act 7as added by  
section #b7;a77#b771 the fund shall     
terminate and disburse its entire       
balance not later than #a year after the
 date of the enactment of this ,act4