political action committee

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political action committee

(PAC), U.S. organization formed by a corporation, labor union, or association to raise money for political activity. Funds can be gathered by voluntary contributions from members, employees, or shareholders. Political action committees were first organized in the 1940s. The Political Action Committee organized by the Congress of Industrial Organizations (CIO) in 1943 was a model for later PACs. The election reform of 1974 limited individual campaign contributions and set guidelines for PACs; a Supreme Court ruling in 2010 ended restrictions on their funding. Many PACs represent special-interest groups, e.g., the National Rifle Association of America; others represent large conservative or liberal coalitions. Others are aligned with individual political campaigns, though their efforts cannot be coordinated with those of the candidate's campaign. Many PACs have directed their contributions toward congressional elections, in which they can contribute up to $5,000 to a candidate for each campaign (primary, runoff, and general election). Some, however, conduct independent negative campaigns against candidates they oppose, both in primary and general elections. Federal legislation enacted in 2002 barred attacks on candidates by name immediately before an election, but that rule was eased by a Supreme Court decision in 2007. Since the Court decision of 2010 that eased fund-raising restrictions on PACs, groups known as super PACs have arisen; these seek large, unlimited donations, often from a few wealthy contributors, and have tended to work for the election of a specific candidate.
References in periodicals archive ?
I call on Hamas and all Palestinian factions to play a natural role in fighting terrorism and combating the appearance of any cell in the camps," said Hasan Mneimneh, expressing his full support for a political committee to work in coordination with the joint security force and the Lebanese government.
Hosted by the Austrian Energy Ministry and attended by the EU Energy Commissioner Gunther Oettinger, Bulgaria's Prime Minister Boyko Borisov and the Energy Ministers from Bulgaria, Hungary, Romania and Turkey alongside the Nabucco shareholders, the Political Committee reiterated its full and resounding support for Nabucco.
Regardless of any legal distinction between a political committee and a signature drive, Bucknum said being required to pay $225 over three years at the risk of losing access to multiple listing services felt like robbery.
org, which still has not incorporated and has not yet raised any funds, asked the FEC in November 2007 for an advisory ruling on whether it must register as a political committee.
IRELAND'S future in Europe is to be explored by a crossparty political committee, the Government announced yesterday.
An independent political committee called Working Californians spent more than $13,022 on consulting and mailers in support of Bric.
Simon was a key member of the Zionist Political Committee that met at the Imperial Hotel in London on July 17, 1917, and drafted a text for British support of a Jewish state.
Hours later, the political committee of the Organisation of the Islamic Conference, the world's largest Islamic group, unanimously approved a resolution backing Iraq's interim government and calling for help in rebuilding the war-torn nation.
In a 5-1 vote, the Federal Election Commission recently decided to reconsider the definition of a political committee.
Gary Webster was re-elected to chair EPIC, the organization's political committee.
He also chaired the influential political committee of the European Union during the Finnish European Union presidency in 1999.
Under the provisions of this new law, state or local committees of a political party or political committee of a state or local candidate must comply with the notification requirements of the law, but are exempt from the disclosure requirements of the law.