A Political Action Committee (PAC) is an organization that pools campaign contributions from members and donates those funds to campaign for or against candidates, ballot initiatives or legislation. Most registered PACs are “connected PACs” established by businesses, labor unions, trade groups, or health organizations. These PACs receive and raise money from a “restricted class”, generally consisting of managers and shareholders in the case of a corporation and members in the case of a union or other interest group.
Some of the top PAC contributors in the country include:
• The National Association of Realtors
• National Auto Dealers Association
• Lockheed Martin
• Operating Engineers Union
• American Association for Justice
PACs can give $5,000 to a candidate committee per election (primary, general or special). They can also give up to $15,000 annually to any national party committee, and $5,000 annually to any other PAC. A PAC must register with the FEC within 10 days of its formation, providing name and address for the PAC, its treasurer and any connected organizations. Affiliated PACs are treated as one donor for the purpose of contribution limits.
The Buffalo Niagara Partnership’s PAC – the Committee for Economic Growth – is a valuable tool in advocating for the Buffalo Niagara business community. Contributions to the PAC enable the Partnership to support candidates who understand the issues important to businesses, and will make the priorities of the Buffalo Niagara business community their own.