This bill removes a rule that forces trade associations to get permission from member companies before asking their stockholders and executives for campaign contributions. The change would apply to solicitations starting January 1, 2025.
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Prior Approval Reform Act is a House bill in committee. The latest recorded action: Referred to the House Committee on House Administration.
Latest action on H.R. 1399: Referred to the House Committee on House Administration.
Who this affects: This bill primarily affects trade associations and their political action committees, the corporations that belong to those trade associations, and the stockholders and senior employees at those member companies. It could change how often these individuals are asked to contribute to political campaigns.
Why this matters: This bill could shift how political money flows through the corporate world by making it easier for trade associations to build and fund their PACs. Removing prior approval lowers a barrier that currently gives individual companies some control over whether their people are solicited for political donations.
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