,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #eabi  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #ae1         
#bjai,mr4 ,rose ( ,new ,york 7= himself1
 ,mr4 ,h>d] ( ,cali=nia1 ,mr4 ,k5n$y1 & 
,mr4 ,delgado7 introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on ,h\se   
,adm9i/ration  ,a ,,bill  ,to am5d !    
,f$]al ,election ,campaign ,act ( #aiga 
to limit ! au?ority ( corporations to   
e/abli% & op]ate sep>ate segregat$ funds
 utiliz$ = political purposes1 includ+ !
 e/abli%m5t or op]ation ( a political   
committee1 to nonpr(it corporations1 & =
 o!r purposes4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,ban ,corporate    
,p,a,cs ,act4  #b4 ,limit+ au?ority (   
corporations to e/abli% or op]ate       
sep>ate segregat$ funds = political     
purposes to nonpr(it corporations  7a7  
,limitation  7#a7 ,9 g5]al ,section     
#caf7;b77#b77;,c7 ( ! ,f$]al ,election  
,campaign ,act ( #aiga 7#eb ,u4,s4,c4   
#cjaah7;b77#b77;,c77 is am5d$ by /rik+ a
 corporation & ins]t+ a nonpr(it        

corporation4  7#b7 ,def9ition ,section  
#caf7;b7 ( su* ,act 7#eb ,u4,s4,c4      
#cjaah7;b77 is am5d$ by add+ at ! end ! 
foll[+ new p>agraph3  7#h7 ,= purposes (
 ?is section1 ! t]m nonpr(it corporation
 means a corporation describ$ 9 section 
#eja7;c7 ( ! ,int]nal ,rev5ue ,code (   
#aihf & exempt f taxation "u section    
#eja7;a7 ( su* ,code1 o!r ?an a         
corporation :i* is ineligible to be     
exempt f taxation "u section #eja7;a7 ( 
su* ,code if x e/abli%es a sep>ate      
segregat$ fund "u ?is subsection4  4    
7b7 ,p]mitt+ solicitation (             
contributions only f executive &        
adm9i/rative p]sonnel ,section #caf7;b7 
( su* ,act 7#eb ,u4,s4,c4 #cjaah7;b77 is
 am5d$-- 7#a7 9 p>agraph 7#d77;,a77i71  
by /rik+ its /ockhold]s & _! families &2
  7#b7 9 p>agraph 7#d77;,b7-- 7,a7 by   
/rik+ a corporation ! fir/ place x      
appe>s & ins]t+ a nonpr(it corporation2 
7,b7 by /rik+ any /ockhold]1 executive  
or adm9i/rative p]sonnel1 & ins]t+ any  
executive or adm9i/rative p]sonnel2 &   

7,c7 by /rik+ /ockhold]s1 executive or  
adm9i/rative p]sonnel1 & ins]t+         
executive or adm9i/rative p]sonnel2     
7#c7 9 p>agraph 7#d77;,d7-- 7,a7 by     
/rik+ /ockhold]s &2  7,b7 by /rik+ su*  
/ockhold]s or p]sonnel & ins]t+ su*     
p]sonnel2 &  7,c7 by /rik+ su*          
/ockhold]s & p]sonnel & ins]t+ su*      
p]sonnel2 &  7#d7 9 p>agraph 7#e71 by   
/rik+ /ockhold]s &4  7c7 ,treatm5t (    
gov]nm5t contractors ,section #cag7;b7 (
 su* ,act 7#eb ,u4,s4,c4 #cjaai7;b77 is 
am5d$--  7#a7 by /rik+ any corporation &
 ins]t+ any nonpr(it corporation2 &     
7#b7 by /rik+ a corporation & ins]t+ a  
nonpr(it corporation4  #c4 ,effective   
date2 transition = exi/+ funds &        
committees  7a7 ,effective date ,!      
am5dm5ts made by ?is ,act %all take     
effect on ! date ( ! enactm5t ( ?is     
,act4  7b7 ,transition = exi/+ funds &  
committees ,9 ! case ( a sep>ate        
segregate fund e/abli%$ & op]at+ "u     
section #caf7;b77#b77;,c7 ( ! ,f$]al    
,election ,campaign ,act ( #aiga 7#eb   

,u4,s4,c4 #cjaah7;b77#b77;,c77 z ( !    
date ( ! enactm5t ( ?is ,act :i* is n a 
fund ( a nonpr(it corporation z def9$ 9 
section #caf7;b77#h7 ( su* ,act 7z add$ 
by section #b7;a77#b771 ! fund %all     
t]m9ate & disburse its entire balance n 
lat] ?an #a ye> aft] ! date ( ! enactm5t
 ( ?is ,act4