[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4433 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4433

 To make the antitrust laws applicable to a political committee under 
  the Federal Election Campaign Act of 1971 which is established and 
administered by a separate segregated fund of a corporation pursuant to 
                   section 316(b)(2)(C) of such Act.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 13, 2010

 Mr. Grayson introduced the following bill; which was referred to the 
                       Committee on the Judiciary

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                                 A BILL


 
 To make the antitrust laws applicable to a political committee under 
  the Federal Election Campaign Act of 1971 which is established and 
administered by a separate segregated fund of a corporation pursuant to 
                   section 316(b)(2)(C) of such Act.

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

SECTION 1. APPLICATION OF ANTITRUST LAWS TO CORPORATE PACS.

    The antitrust laws shall apply to a political committee under the 
Federal Election Campaign Act of 1971 which is established and 
administered by a separate segregated fund of a corporation pursuant to 
section 316(b)(2)(C) of such Act, and in accordance with such laws, a 
political committee for multiple legal entities in the same business 
shall be prohibited.

SEC. 2. DEFINITION.

    For purposes of this Act, the term ``antitrust laws'' has the 
meaning given such term in the 1st section of the Clayton Act, except 
that such term includes section 5 of the Federal Trade Commission Act 
to the extent that such section 5 applies to unfair methods of 
competition.
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