Hybrid PAC
Hybrid PAC is a political committee classification used by the Federal Election Commission (FEC) to describe a committee with certain spending and contribution limitations. Hybrid PACs are also known as Carey Committees and are related to super PACs.
Definition
The FEC defines a Hybrid PAC or Carey Committee in the following terms:[1]
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Carey Committee (also known as a Hybrid PAC) -- A political committee that maintains one bank account for making contributions in connection with federal elections and a separate 'non-contribution account' for making independent expenditures. The first account is subject to all of the limits and prohibitions of the Act, but the non-contribution account may accept unlimited contributions from individuals, corporations, labor organizations and other political committees. The committee must register with the FEC and report all receipts and disbursements for both accounts.[2] |
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Background
Carey v. the Federal Election Commission
- See also: Dan Backer
In 2011, attorney Dan Backer represented retired Rear Admiral James Carey et al in a case that challenged the FEC with regards to contribution limits and the First Amendment. Backer argued that laws governing campaign contributions "prohibit a nonconnected political committee from soliciting and accepting unlimited contributions to one bank account designated for independent expenditures, while maintaining a second, separate bank account designated for source- and amount-limited contributions to candidates and their authorized political committees."[3][4] The United States District Court for the District of Columbia judge ruled in favor of the plaintiffs, Carey et al; the ruling also resulted in the creation of hybrid PACs, also known as Carey Committees.[4]
Examples
See also
- FEC
- Super PAC
- Correct the Record
- Ready PAC
- Dan Backer
External links
Footnotes
- ↑ Federal Election Commission, "Candidate Terminology," accessed January 8, 2016
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Federal Election Commission, "Carey v. FEC," accessed March 30, 2016
- ↑ 4.0 4.1 The Coolidge Reagan Foundation, "Board of Legal Advisors," accessed March 30, 2016
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