Who are PACS? Flashcards
SEC 3 L 6.1
groups that collect donations and distribute them to candidates who support their issues.
PACS POLITICAL ACTION COMMITTEES
How much money can PACS use?
they can contribute no more than $5,000 per candidate, per election. Individual contributions to PACs are also limited to $5,000 a year
What’s a Super PAC?
can’t directly donate to campaigns but can fund advertising on a federal candidate (can’t be affiliated to candidate or specific party)
court case that ruled that spending money in an election was equivalent to free speech; upheld hard-money donation limits to candidates also allowed candidates to spend an unlimited amount of their own money
buckley v. valeo
collect individual private campaign donations submit them as a single contribution; sometimes an interest group, achieves political influence in this way
bundling
Why was the Supreme Court case Citizens United v. FEC (Federal Election Commission) so important?
This court case allowed interest groups, corporations, and unions to spend unlimited sums of money as long as they did not coordinate their spending with a candidate.
Who benefited the most from the decision in the Citizens United v. FEC case?
corporations
was used to try to ammend the FEC act attempt to close the soft money loophole. This law banned National party committees and federal candidates from receiving or spending the soft money for any federal election activities. and it required canidates to endorse their own ads.
What is the Bipartisan Campaign Reform Act/ McCain-Feingold Bill?
What is hard money?
money that is contributed directly to a candidates campaign.
what is soft money?
money that is given to political parties, non-profit grps to support a movement or social issues.
what did the soft money loophole do?
enabled people to get more money into politics beyond what the Federal Election Campaign Act allowed.
political committees that are created by corporations, unions, interest groups, individuals.
PACS political action committee
can raise unlimited money from corporations, unions, interest groups, individuals,
Super PAC
