[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 486 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 486

      To amend the Federal Election Campaign Act of 1971 to place 
      restrictions on the disposition of funds by leadership PACs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 16, 2007

 Mr. Gingrey 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 place 
      restrictions on the disposition of funds by leadership PACs.

    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 ``Leadership PAC Reform Act of 2007''.

SEC. 2. RESTRICTIONS ON DISPOSITION OF FUNDS BY LEADERSHIP PACS.

    (a) Restrictions.--Section 313 of the Federal Election Campaign Act 
of 1971 (2 U.S.C. 439a) is amended--
            (1) by redesignating subsection (b) as subsection (c); and
            (2) by inserting after subsection (a) the following new 
        subsection:
    ``(b) Use of Funds by Leadership PACs.--
            ``(1) Uses permitted.--The funds of a leadership PAC may be 
        used by the leadership PAC--
                    ``(A) for otherwise authorized expenditures in 
                connection with campaigns for election for Federal 
                office;
                    ``(B) for charitable contributions described in 
                section 170(c) of the Internal Revenue Code of 1986; or
                    ``(C) for transfers to a national, State, or local 
                committee of a political party (subject to the 
                applicable limitations of this Act).
            ``(2) Leadership pac defined.--In this subsection, the term 
        `leadership PAC' means a political committee which is directly 
        or indirectly established, maintained, or controlled by a 
        candidate for election for Federal office or an individual 
        holding Federal office but is not an authorized committee of 
        the candidate or individual, except that such term does not 
        include any political committee of a political party.''.
    (b) Conforming Amendment Regarding Conversion of Funds to Personal 
Use.--Section 313(c) of such Act (2 U.S.C. 439a(c)), as redesignated by 
subsection (a), is amended by inserting after ``subsection (a)'' the 
following: ``or funds of a leadership PAC described in subsection 
(b)''.
    (c) Effective Date.--The amendments made by this section shall 
apply with respect to elections occurring after December 2007.
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