Ban Corporate PACs Act

This bill amends the Federal Election Campaign Act to restrict corporate political fundraising. It limits the ability of corporations to establish political action committees (PACs) by requiring such funds to be operated only by nonprofit corporations (like 501(c)(3) organizations), not for-profit businesses. Key changes include banning solicitation of contributions from stockholders and restricting donations to only executive or administrative staff. Existing corporate PACs must dissolve and distribute funds within one year of the bill's enactment. The bill directly affects corporations seeking to fund political activities through PACs, shifting the model to nonprofit structures.