India  

Political action committee

American political organization

Political action committee    ▸ Facts   ▸ Comments   ▸ News   ▸ Videos   

In the United States, a political action committee (PAC) is a tax-exempt 527 organization that pools campaign contributions from members and donates those funds to campaigns for or against candidates, ballot initiatives, or legislation. The legal term PAC was created in pursuit of campaign finance reform in the United States. Democracies of other countries use different terms for the units of campaign spending or spending on political competition. At the U.S. federal level, an organization becomes a PAC when it receives or spends more than $1,000 for the purpose of influencing a federal election, and registers with the Federal Election Commission (FEC), according to the Federal Election Campaign Act as amended by the Bipartisan Campaign Reform Act of 2002. At the state level, an organization becomes a PAC according to the state's election laws.

0
shares
ShareTweetSavePostSend
 

You Might Like


Security upped in Ayodhya after Pannun threat

Ayodhya is under tight security following a threat from SFJ chief Gurpatwant Singh Pannun, who vowed to "shake the foundations of Ayodhya." The city has been fortified with increased surveillance,..
IndiaTimes - Published

PAC report: Erroneous tax exemption to South Asian University cost loss of over Rs 90 lakh to exchequer

The Public Accounts Committee (PAC) has reported that the erroneous tax exemption granted to the South Asian University (SAU) registrar has resulted in a loss of over Rs 90 lakh to the exchequer. The..
IndiaTimes - Published

Search this site and the web: