Personal Accountability in Campaign Committees Act

The Personal Accountability in Campaign Committees Act (H.R. 701) would prohibit winning federal candidates from using campaign funds to repay personal loans they made to their own campaigns once they have taken office. Under this rule, any personal funds a candidate lends to their campaign for an election after December 2005 would effectively become a contribution if not repaid by the time the candidate is sworn in. This measure is designed to prevent elected officials from using post-election donations—often from special interest groups or lobbyists—to directly reimburse their own personal finances.