What are organizations formed with the purpose of raising and spending money in order to influence elected officials called?

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11-08-2022
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What are organizations formed with the purpose of raising and spending money in order to influence elected officials called?

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shubhamsinha3013 shubhamsinha3013 · Answer 1 · 2022-08-17T12:32:19+02:00

Organizations formed with the purpose of raising and spending money in order to influence elected officials are called Political Action Committees.

A political committee set up with the intention of raising and disbursing funds to support or oppose candidates is known as a "political action committee" (PAC).

The majority of PACs support corporate, union, or ideological interests. A candidate committee may receive $5,000 from PACs each election (primary, general or special).

Additionally, they are permitted to donate $5,000 annually to any other PAC and up to $15,000 annually to any national party organization.

A single person, PAC, or party committee may give $5,000 to a PAC in a given year.

Within ten days of its inception, a PAC is required to register with the FEC, stating the name and address of the PAC, its treasurer, and any affiliated organizations.

For the purposes of donation restrictions, affiliated PACs are treated as one donor.

Hence, Political Action Committees is the correct answer.

Learn more about Political parties:

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