HR 4799 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
To amend the Federal Election Campaign Act of 1971 to limit the authority of corporations to establish and operate separate segregated funds utilized for political purposes, including the establishment or operation of a political committee, to nonprofit corporations, and for other purposes.
Summary
This bill amends the Federal Election Campaign Act to restrict the ability to establish and operate separate segregated funds for political purposes (commonly known as corporate PACs) to nonprofit corporations only, prohibiting for-profit corporations from doing so. It also limits the solicitation of contributions to these PACs to executive and administrative personnel only, removing the ability to solicit from stockholders and their families. Existing corporate PACs operated by for-profit corporations are required to terminate and distribute their entire balance within one year of the bill's enactment.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Harder, Josh [D-CA-9] (D-CA)
3 cosponsors
Money behind the sponsor
Top reported contributors to Josh Harder’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- GOOGLE $34,620
- BESSEMER VENTURE PARTNERS $28,100
- STANFORD UNIVERSITY $25,550
- BOSTON CONSULTING GROUP $19,800
- COOLEY LLP $16,200
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Josh Harder → · Outside spending →
Actions (2)
- Jul 29, 2025 Referred to the House Committee on House Administration. · house
- Jul 29, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
July 29, 2025
Mr. Harder of California (for himself and Mr. Golden of Maine) introduced the following bill; which was referred to the Committee on House Administration
A BILL
To amend the Federal Election Campaign Act of 1971 to limit the authority of corporations to establish and operate separate segregated funds utilized for political purposes, including the establishment or operation of a political committee, to nonprofit corporations, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Ban Corporate PACs Act”.
SEC. 2. LIMITING AUTHORITY OF CORPORATIONS TO ESTABLISH OR OPERATE SEPARATE SEGREGATED FUNDS FOR POLITICAL PURPOSES TO NONPROFIT CORPORATIONS.
(a) Limitation.—
(1) In general.—Section 316(b)(2)(C) of the Federal Election Campaign Act of 1971 (52 U.S.C. 30118(b)(2)(C)) is amended by striking “a corporation” and inserting “a nonprofit corporation”.
(2) Definition.—Section 316(b) of such Act (52 U.S.C. 30118(b)) is amended by adding at the end the following new paragraph:
“(8) For purposes of this section, the term ‘nonprofit corporation’ means a corporation described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code, other than a corporation which is ineligible to be exempt from taxation under section 501(a) of such Code if it establishes a separate segregated fund under this subsection.”.
(b) Permitting Solicitation of Contributions Only From Executive and Administrative Personnel.—Section 316(b) of such Act (52 U.S.C. 30118(b)) is amended—
(1) in paragraph (4)(A)(i), by striking “its stockholders and their families and”;
(2) in paragraph (4)(B)—
(A) by striking “a corporation” the first place it appears and inserting “a nonprofit corporation”;
(B) by striking “any stockholder, executive or administrative personnel,” and inserting “any executive or administrative personnel”; and
(C) by striking “stockholders, executive or administrative personnel,” and inserting “executive or administrative personnel”;
(3) in paragraph (4)(D)—
(A) by striking “stockholders and”;
(B) by striking “such stockholders or personnel” and inserting “such personnel”; and
(C) by striking “such stockholders and personnel” and inserting “such personnel”; and
(4) in paragraph (5), by striking “stockholders and”.
(c) Treatment of Government Contractors.—Section 317(b) of such Act (52 U.S.C. 30119(b)) is amended—
(1) by striking “any corporation” and inserting “any nonprofit corporation”; and
(2) by striking “a corporation” and inserting “a nonprofit corporation”.
SEC. 3. EFFECTIVE DATE; TRANSITION FOR EXISTING FUNDS AND COMMITTEES.
(a) Effective Date.—The amendments made by this Act shall take effect on the date of the enactment of this Act.
(b) Transition for Existing Funds and Committees.—In the case of a separate segregate fund established and operating under section 316(b)(2)(C) of the Federal Election Campaign Act of 1971 (52 U.S.C. 30118(b)(2)(C)) as of the date of the enactment of this Act which is not a fund of a nonprofit corporation as defined in section 316(b)(8) of such Act (as added by section 2(a)(2)), the fund shall terminate and disburse its entire balance not later than 1 year after the date of the enactment of this Act. <all>
Comments