Abolish Super PACs Act

The Abolish Super PACs Act aims to reinstate contribution limits on political action committees that make independent expenditures, directly affecting candidates, donors, and these committees. By redefining "independent expenditure committees" and amending the Federal Election Campaign Act, the bill would cap the amount of money individuals and entities can give to these groups, effectively ending the current system of unlimited donations. This change seeks to reduce the risk of corruption and the appearance of corruption by preventing wealthy contributors from exerting disproportionate influence over federal elections. The legislation applies to all such contributions starting in the first calendar year after it is enacted.