The bill, S. 3599, titled the "Ban Corporate PACs Act," aims to modify the Federal Election Campaign Act of 1971. It seeks to restrict corporations, other than nonprofit corporations, from establishing or running separate funds for political purposes, such as creating or...
Simple Explanation
The bill wants to stop big companies from using money for politics and only let special groups called nonprofits do it, following new rules. If companies have already started using money this way, they have a year to stop doing it.