Section 1 Short title
This Act may be cited as the “No Political Funds for Personal Use Act”.
No Political Funds for Personal Use Act
A BILL
To amend the Federal Election Campaign Act of 1971 to apply the prohibition against the conversion of contributions to personal use to contributions accepted by political committees.
Sec. 2 Application of prohibition against conversion of contributions to personal use to contributions accepted by political committees
Prohibiting Conversion to Personal Use— Section 313(b) of the Federal Election Campaign Act of 1971 (2 U.S.C. 439a(b)) is amended—
in paragraph (1), by inserting “or a receipt of any other political committee” after “subsection (a)”;
in paragraph (2), by striking “contribution or donation” and inserting “contribution, donation, or receipt”; and
in paragraph (2), by striking “the candidate’s election campaign or individual’s duties as a holder of Federal office,” and inserting the following: “the candidate’s election campaign, the individual’s duties as a holder of Federal office, or the political committee’s political activities (as the case may be),”.
Effective Date— The amendments made by this section shall apply with respect to contributions or donations accepted on or after the date of the enactment of this Act.