Abolish Super PACs Act

This bill would put limits on how much money people and groups can give to super PACs. It defines any committee that spends $5,000 or more on independent political ads—or gives $5,000 or more to other such committees—as an “independent expenditure committee,” and brings those committees under contribution limits. It also covers separate accounts set up for that purpose. The aim is to cut the risk and appearance of corruption, reduce the chance of foreign money slipping into our elections, and rebuild public trust. The bill points to the rapid growth of super PAC spending—billions in recent elections—and the outsized role of very large donors as reasons action is needed.

Key points:

• Who is affected: donors, super PACs (independent expenditure committees), campaigns, and voters.
• What changes: contributions to super PACs would face limits; committees that hit the $5,000 spending or giving threshold are covered, including separate accounts used for these activities.
• When: the new rules would start in the first calendar year after the bill becomes law.