Leadership PAC Reform Act of 2007

[AI summary unavailable — showing source text] Leadership PAC Reform Act of 2007 - Amends the Federal Election Campaign Act of 1971 (FECA) to allow the funds of a leadership PAC to be used: (1) for otherwise authorized expenditures in connection with campaigns for election for federal office; (2) for charitable contributions; or (3) for transfers to a national, state, or local committee of a political party (subject to FECA limitations). Defines leadership PAC as a political committee which is: (1) directly or indirectly established, maintained, or controlled by a candidate for election for federal office or an individual holding federal office; but (2) is not an authorized committee of the candidate or individual. Excludes from the meaning of leadership PAC any political committee of a political party…