[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7254 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 7254

   To prohibit government-sponsored enterprises from making lobbying 
 expenditures, political contributions, or other certain contributions.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 3, 2008

Mrs. Bono Mack introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
   To prohibit government-sponsored enterprises from making lobbying 
 expenditures, political contributions, or other certain contributions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROHIBITION ON LOBBYING, POLITICAL CONTRIBUTIONS, AND 
              CONTRIBUTIONS TO NONPROFIT PUBLIC POLICY ORGANIZATIONS.

    (a) Prohibition on Lobbying Expenditures and Certain 
Contributions.--An enterprise may not make--
            (1) lobbying expenditures;
            (2) political contributions; or
            (3) contributions to any organization described under 
        section 501(c) of the Internal Revenue Code of 1986.
    (b) Definition.--In this section--
            (1) the term ``enterprise'' shall have the same meaning 
        given such term in section 1303 of the Federal Housing 
        Enterprises Financial Safety and Soundness Act of 1992 (12 
        U.S.C. 4502);
            (2) the term ``lobbying expenditures'' shall have the same 
        meaning given such term in section 4911(c)(1) of the Internal 
        Revenue Code of 1986; and
            (3) the term ``political contributions'' means any 
        contribution on behalf of a political candidate or to a 
        separate segregated fund described in section 316(b)(2)(C) of 
        the Federal Election Campaign Act of 1971 (2 U.S.C. 
        441b(b)(2)(C)).
    (c) Penalties.--Violations of this section shall constitute 
violations of section 1352(a) of title 31, United States Code.
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