New hybrid PACs allow for unlimited corporate donations
Under a new ruling, the Federal Election Commission (FEC) will allow traditional political action committees to merge with super PACs, effectively allowing
Jul 31, 2020137.1K Shares5.4M Views
Under a new ruling, the Federal Election Commission (FEC) will allow traditional political action committees to merge with super PACs, effectively allowing unlimited corporate contributions directly to candidates.
The ruling stipulates that PACs can open two banks accounts, one for the traditional, limited PAC, and another for the unlimited super PAC. As long as the money they receive under the two committees is not mixed, the hybrid PAC will be allowed to accept unlimited donations for their own ads and mailers while also donating and raising money for Congressional candidates.
The new rules were announced last week after the FEC lost a challenge from the National Defense PAC in Carey v. FEC. The PAC sought to use one bank account for making independent expenditures in federal elections and a separate account subject to donation limitations.
The FEC also gave guidance on disclosure rules for hybrid PACs. A new form letter will be appended to PAC registrations announcing the intention to form a hybrid PAC.
Efficient America PAC, which is in favor of energy efficiency legislation, is the first hybrid PAC formed after the Carey v. FECruling.
Dexter Cooke
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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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