This bill would reform federal campaign finance by reinstating donation limits on Super PACs—committees that independently spend to influence elections. It amends the Federal Election Campaign Act of 1971 to set “reasonable limits” on contributions, specifically applying the existing annual $5,000 cap (as of 2024) for individuals to Super PACs—ending unlimited donations. The bill addresses the surge in Super PAC funding since 2010, noting that most money comes from a few wealthy donors and raising concerns about corruption and foreign influence. By defining “independent expenditure committees” and capping their fundraising, the bill aims to restore public trust in federal elections. Reforms would take effect the first calendar year after enactment.
