Sec. 4603. Governance and operations of corporate PACs
219 words·~1 min read·
/bill/117/hr/1/eh/section-4603A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 316 of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30118 ) is amended by adding at the end the following new subsection: The Commission shall, on an ongoing basis, collect information on the governance of the separate segregated funds of corporations under this section, using the most recent statements of organization provided by such funds under section 303(a), including information on the following: The extent to which such funds have by-laws which govern their operations.
The extent to which those funds which have by-laws which govern their operations use a board of directors to oversee the operation of the fund. The characteristics of those individuals who serve on boards of directors which oversee the operations of such funds, including the relation of such individuals to the corporation. . The Federal Election Commission shall conduct an analysis of the composition of the base of donors to separate segregated funds of corporations under section 316 of the Federal Election Campaign Act of 1971 ( 52 U.S.C. 30118 ).
Not later than 180 days after the date of the enactment of this Act, the Commission shall submit to Congress a report on the analysis conducted under paragraph (1), and shall initiate the promulgation of a regulation to establish a new designation and classification of such separate segregated funds.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 4603
Governance and operations of corporate PACs
Cites 1Cited by 0 across 0 sources