Section 1 Short title
This Act may be cited as the “Prior Approval Reform Act”.
Prior Approval Reform Act
A BILL
To amend the Federal Election Campaign Act of 1971 to expand the ability of trade associations to solicit contributions from the stockholders and executive or administrative personnel of their member corporations, and for other purposes.
Sec. 2 Removing requirement for prior approval
Solicitations— Section 316(b)(4)(D) of the Federal Election Campaign Act of 1971 (52 U.S.C. 30118(b)(4)(D)) is amended by striking “to the extent that” and all that follows and inserting a period.
Effective Date— The amendment made by subsection (a) shall apply to solicitations made on or after January 1, 2025.