Abolish Super PACs Act
A BILL
To amend the Federal Election Campaign Act of 1971 to place reasonable limits on contributions to Super PACs which make independent expenditures, and for other purposes.
Sec. 2 Findings; purpose
Sec. 3 Limitation on contributions to independent expenditure committees
“(27) Independent expenditure committee
“(A) In general—The term independent expenditure committee means a political committee which—
“(i) makes independent expenditures aggregating $5,000 or more during a calendar year; or
“(ii) makes contributions to other independent expenditure committees aggregating $5,000 or more during a calendar year.
“(B) Treatment of separate accounts—The term independent expenditure committee includes an account of a political committee which is established for the purpose of making independent expenditures or contributions to other committees making independent expenditures.”