What is a PAC? | OpenSecrets

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Home / Influence & Lobbying / PACs / What is a PAC?
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** What is a PAC? **

Political Action Committee (PAC) — A popular term for a political
committee organized for the purpose of raising and spending money to elect
and defeat candidates. Most PACs represent business, labor or ideological
interests. PACs can give $5,000 to a candidate committee per election
(primary, general or special). They can also give up to $15,000 annually to
any national party committee, and $5,000 annually to any other PAC. PACs
may receive up to $5,000 from any one individual, PAC or party committee
per calendar year. A PAC must register with the FEC within 10 days of its
formation, providing name and address for the PAC, its treasurer


Source: www.opensecrets.org/pacs/pacfaq.php


Political action committee - Wikipedia, the free encyclopedia

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** Political action committee **

From Wikipedia, the free encyclopedia
Jump to: navigation, search

In the United States, a *Political Action Committee* (*PAC*) is a type of
organization that pools campaign contributions from members and donates
those funds to campaign for or against candidates, ballot initiatives, or
legislation.^[1]^[2] At the federal level, an organization becomes a PAC
when it receives or spends more than $1,000 for the purpose of influencing
a federal election, according to the Federal Election Campaign Act.^[3] At
the state level, an organization becomes a PAC according to the state's
election laws.

*Contents*

· 1 History
· 2 Categorization

· 2.1 Connected PACs
· 2.2 Non-connected PACs

· 2.2.1 Leadership PACs
· 2.2.2 Controversial use of leadership PACs

· 2.3 Super PACs

· 2.3.1 2012 Election
· 2.3.2 Disclosure rules

· 3 2008 election
· 4 See also
· 5 References
· 6 External links

*History[edit]*

In 1947, as part of the Taft-Hartley Act, the U.S. Congress prohibited
labor unions or corporations from spending money to influence federal
elections, and prohibited labor unions from contributing to candidate
campaigns (an earlier law, the 1907 Tillman Act, had prohibited
corporations from contributing to campaigns). In response to these
limitations, the Congress of Industrial Organizations (CIO) created a
separate political fund that it called the Political Action Committee. This
was the first political action committee.

In 1971, United States Congress passed the Federal Election Campaign Act
(FECA). In 1974, Amendments to FECA defined how a PAC could operate and
established the Federal Election Commission (FEC) to enforce the nation's
campaign finance laws. The 1974 amendments also restricted the amount of
money that could be given directly


Source: en.wikipedia.org/wiki/Political_action_committee

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