PAC’s Flashcards
Who was Steven Colbert?
An American comedian known for satire commentary and show.
Why did Steven Colbert create a PAC?
To expose the corrupt system of how PAC’s make money and use it.
What is a Super PAC?
A type of independent political action committee which may raise unlimited sums of money from corporations but is not permitted to contribute or coordinate with candidates.
What are the two importances of PAC’s?
- Giving money to politicians
- Persuading people to act or vote the “right way”
How are PAC’s categorized?
According to interest
What is the most active PAC?
One associated with with National Association of Realtors
How did Super PAC’s come into existence?
Came in 2010 after Supreme Court declared limits on corporations or unions spending from general funds.
What was the court case that led to the creation of Super PAC’s?
Citizens United v. FEC
What is a leadership PAC?
Formed by an officeholder that collects contributions from individuals and other PAC’s then makes contributions to candidates and political parties.
What are PAC contributions limited to?
10,000 dollars
What is one way interest groups influence their own members?
Convince staff and members to vote in favor of their policies.
What is issue advocacy?
Unlimited spending by an individual that doesn’t use vote for or against but is usually meant to influence election results.
What is the 527 organization?
A political group organized under section 527 of the IRS code that may accept or spend unlimited amounts of money on election activities only at a certain time.
What act was passed as a result of the watergate scandal?
The Federal Election Campaign Act
What act was passed in response to soft money and other abuses by political parties and interest groups?
Bi-partisan campaign reform act
