Political action committee
There are two types of political action committees, separate segregated funds and nonconnected 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 and Outside 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 per calendar year
- $5,000 (combined limit) to state, district and local party committee per calendar year
- $5,000 to any other political committee per calendar year
Non multi-candidate PACs
Non multi-candidate PACs can contribute:[3]
- $2,600 to each candidate or candidate committee per election (indexed for inflation)
- $32,400 to national party committee per calendar year (indexed for inflation)
- $10,000 (combined limit) to state, district and local party committee per calendar year
- $5,000 to any other political committee per calendar year
Top PACs in 2013-2014
Open Secrets lists the PACs with the most contributions to candidates in the 2013-2014 election cycle. The top five were:[4]
- National Association of Realtors
- National Beer Wholesalers Association
- National Auto Dealers Association
- Honeywell International
- Lockheed Martin
Recent news
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Political Action Committee News Feed
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See also
External links
Footnotes
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