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Senate Bill 3173
118th Congress(2023-2024)
Ending Corporate Influence on Elections Act of 2023
Introduced
Introduced
Introduced in Senate on Oct 31, 2023
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Text
Introduced in Senate 
Oct 31, 2023
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Introduced in Senate(Oct 31, 2023)
Oct 31, 2023
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 3173 (Introduced-in-Senate)


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.”.