Political Action Committees (PACs) are organizations that raise funds for political campaigns, contributing significantly to candidates in federal elections.
Political Action Committees (PACs), as defined by the 1971 Federal Election Campaign Act, are organizations created to raise funds for political campaigns and contribute to candidates in federal elections. They are commonly formed by corporations, labor unions, and various interest groups to donate funds during election cycles.
PACs play a significant role in funding political campaigns, with approximately one-third of House of Representatives funds and one-fifth of Senate funds coming from PACs. This financial support helps candidates promote their policies and agendas during elections.
Despite their influence, PACs are distinct from a candidate's campaign staff or entities created by parties to raise money. Additionally, they are not prohibited under the McCain-Feingold Act, but rather serve as crucial financial vehicles in the realm of political campaigning.
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