Leadership PAC Limitation Act

[AI summary unavailable — showing source text] Leadership PAC Limitation Act - Amends the Federal Election Campaign Act of 1971 to prohibit the conversion of leadership PAC funds to personal use. Defines leadership PAC as a political committee directly or indirectly established, maintained, or controlled by a candidate for election for federal office, or an individual holding federal office, but not an authorized committee of the candidate or individual. Excludes any political committee of a political party from the meaning of leadership PAC.…