Political action committee
Political action committees (PACs) are political committees established and administered by corporations, labor unions, membership organizations or trade associations. The general definition is a group that spends money on elections, but is not run by a party or individual candidate. However, PACs can donate money to parties or candidates they support.
There are two types of political action committees,separate segregated funds andnonconnected PACs. Separate segregated funds are either established or administered by corporations, labor unions, member organizations, or trade associations. They can only raise funds from individuals associated with the connected groups. Conversely, nonconnected PACs are not connected to any of those groups and may solicit funds from the public.[1] Nonconnected PACs are financially independent and pay for themselves via the contributions they raise. Separate segregated funds are funded by the organization they are associated with.[2]
In addition, PACs can be broken down into multi-candidate and non multi-candidate categories.
- See also:PACs and Super PACS andSatellite spending
Multi-candidate PACs
Multi-candidate PACs are those that have:[3]
- over 50 contributors
- been registered with the FEC for at least 6 months
- (excluding state party committees) donated to at least 5 federal office candidates.
Multi-candidate PACs can contribute:[3]
- $5,000 to each candidate or candidate committee per election
- $15,000 to the national party committee percalendar year
- $5,000 (combined limit) to state, district and local party committee percalendar year
- $5,000 to any other political committee percalendar year
Non multi-candidate PACs
Non multi-candidate PACs can contribute:[3][4]
- $3,500 to each candidate or candidate committee per election (indexed for inflation)
- $44,300 to national party committee percalendar year (indexed for inflation)
- $10,000 (combined limit) to state, district, and local party committee percalendar year
- $5,000 to any other political committee percalendar year
See also
External links
Footnotes
| |||||||
