Abolish Super PACs Act

This bill, titled "Abolish Super PACs Act" but actually regulating them, would impose contribution limits on super PACs by redefining them as "independent expenditure committees" under federal election law. It sets a $5,000 annual threshold for activities qualifying a committee as a super PAC, capping individual contributions to these entities to reduce corruption risks from unlimited donations. The legislation targets the top contributors who gave over 96% of super PAC funds in 2024, aiming to limit the appearance of quid pro quo arrangements. It would apply to all qualifying committees starting in the first full calendar year after enactment.