Ban Corporate PACs Act

This bill would prevent for-profit corporations from operating political action committees (PACs). It requires that any political fundraising fund must be run by a nonprofit organization (like a 501(c)(4) group), not a regular business, and restricts contributions to only executive and administrative staff - not stockholders. Existing corporate PACs would need to dissolve within one year of the law taking effect. The bill directly affects all for-profit companies currently using PACs to fund political activities.