[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8552 Introduced in House (IH)]
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118th CONGRESS
2d Session
H. R. 8552
To amend the Federal Election Campaign Act of 1971 to prohibit criminal
corporations from making disbursements of funds in connection with a
campaign for election for Federal, State, or local office.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 23, 2024
Ms. Omar (for herself, Ms. Schakowsky, Ms. Tlaib, and Ms. Pressley)
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 prohibit criminal
corporations from making disbursements of funds in connection with a
campaign for election for Federal, State, or local office.
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 ``Protect Democracy From Criminal
Corporations Act''.
SEC. 2. PROHIBITING POLITICAL SPENDING BY CRIMINAL CORPORATIONS.
(a) Prohibition.--Title III of the Federal Election Campaign Act of
1971 (52 U.S.C. 30101 et seq.) is amended by adding at the end the
following new section:
``SEC. 325. PROHIBITING POLITICAL SPENDING BY CRIMINAL CORPORATIONS.
``(a) Prohibition.--
``(1) In general.--To the extent that corporations are
permitted under law to make a disbursement of funds in
connection with a campaign for election for Federal, State, or
local office, including a disbursement consisting of a
contribution or donation of money or other thing of value, an
independent expenditure, or a disbursement for an
electioneering communication (as defined in section 304(f)(3)),
it shall be unlawful for a corporation which is a criminal
corporation, or for any separate segregated fund established
under section 316(b)(2)(C) by a criminal corporation, to make
such a disbursement during the applicable period described in
paragraph (2).
``(2) Applicable period described.--In paragraph (1), the
`applicable period' with respect to a criminal corporation is
the 10-year period which begins--
``(A) in the case of a criminal corporation
described in paragraph (1) of subsection (b), on the
date on which the corporation is finally convicted of
the offense described in such paragraph; or
``(B) in the case of a criminal corporation
described in paragraph (2) of subsection (b), on the
date on which the corporation enters into an agreement
described in such paragraph.
``(b) Criminal Corporation Defined.--In this section, the term
`criminal corporation' means a corporation--
``(1) which has been convicted of violating section 371 of
title 18, United States Code (relating to conspiracy to commit
offense or to defraud the United States), or any other felony
involving dishonesty or a breach of trust; or
``(2) which has been charged with violating section 371 of
such title or with another felony involving dishonesty or a
breach of trust and has entered into a nonprosecution
agreement, a deferred prosecution agreement, or any other
agreement with the Attorney General to resolve the charge, if
the terms and conditions of the agreement include a requirement
that the corporation make a payment equal to or greater than
$1,000,000.''.
(b) Effective Date.--The amendment made by subsection (a) shall
apply with respect to a corporation which is convicted of the offense
described in paragraph (1) of section 325(b) of the Federal Election
Campaign Act of 1971 (as added by subsection (a)), or which enters into
an agreement described in paragraph (2) of such section, on or after
the date of the enactment of this Act.
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