[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3173 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                S. 3173

    To amend the Federal Election Campaign Act of 1971 to prohibit 
      contributions and donations by publicly traded corporations.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 31, 2023

  Mr. Hawley introduced the following bill; which was read twice and 
         referred to the Committee on Rules and Administration

_______________________________________________________________________

                                 A BILL


 
    To amend the Federal Election Campaign Act of 1971 to prohibit 
      contributions and donations by publicly traded corporations.

    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 ``Ending Corporate Influence on 
Elections Act of 2023''.

SEC. 2. PROHIBITING CONTRIBUTIONS AND DONATIONS BY PUBLICLY TRADED 
              CORPORATIONS.

    Title III of the Federal Election Campaign Act (52 U.S.C. 30101 et 
seq.) is amended by adding at the end the following new section:

``SEC. 325. CONTRIBUTIONS AND DONATIONS BY PUBLICLY TRADED 
              CORPORATIONS.

    ``(a) In General.--It shall be unlawful for--
            ``(1) a publicly traded corporation, directly or 
        indirectly, to make--
                    ``(A) a contribution or donation of money or other 
                thing of value, or to make an express or implied 
                promise to make a contribution or donation, in 
                connection with a Federal election;
                    ``(B) a contribution or donation to a political 
                committee that accepts donations or contributions that 
                do not comply with the contribution limits or source 
                prohibitions under this Act; or
                    ``(C) an expenditure, independent expenditure, or 
                disbursement for an electioneering communication 
                (within the meaning of section 304(f)(3)); or
            ``(2) a person to solicit, accept, or receive a 
        contribution or donation described in subparagraph (A) or (B) 
        of paragraph (1) from a publicly traded corporation.
    ``(b) Publicly Traded Corporation Defined.--
            ``(1) In general.--As used in this section, the term 
        `publicly traded corporation' means--
                    ``(A) an entity the securities of which are listed 
                on a national securities exchange which is registered 
                under section 6 of the Securities Exchange Act of 1934 
                (15 U.S.C. 78f); or
                    ``(B) an affiliate of an entity described in 
                subparagraph (A).
            ``(2) Affiliate defined.--As used in paragraph (1)(B), the 
        term `affiliate' means any entity that controls, is controlled 
        by, or is under common control with another entity.''.
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