Ending Corporate Influence on Elections Act of 2023

This bill (S 3173) would ban publicly traded corporations from donating money or other value to federal elections. It directly affects large corporations listed on major stock exchanges (like the NYSE) and their affiliates, prohibiting them from making contributions, donations, or independent election spending. The key provision amends federal election law to make it unlawful for such corporations to directly fund campaigns, political committees accepting corporate money, or electioneering communications. This applies only to federal elections, not state or local races, and does not restrict non-corporate entities like unions or non-profits.