Hybrid PAC

A hybrid PAC (sometimes called a Carey Committee) is a political committee classification in the United States. It is used by the Federal Election Commission to describe a committee with certain spending and contribution limitations.[1]

The term is related to "super PAC", a committee which may not make contributions to candidate campaigns or parties, but may engage in unlimited political spending independently of the campaigns. Unlike super PACs, however, a hybrid PAC can give limited amounts of money directly to campaigns and committees, while still making independent expenditures in unlimited amounts.[1][2]

The hybrid PAC is required to maintain two separate bank accounts for the two types of expenditures, and to register with the FEC and report all receipts and disbursements for both accounts.[1] In essence, the hybrid PAC is the equivalent of a traditional PAC and a super PAC operating under the same roof.[2][3][4]

History

The hybrid PAC has its origins in the Carey v. the Federal Election Commission case, brought in 2012 by retired United States Navy Rear Admiral James J. Carey. Dan Backer, Carey's attorney in the case, argued that the current laws governing campaign contributions prohibited "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."[5] A judge in the D.D.C. ruled in Carey's favor, which opened the door for any PAC or super PAC to reclassify themselves as a hybrid PAC.[6]

References
  1. "FEC Terminology for Candidate Committees" (PDF). Federal Election Commission. 2013. Retrieved 2018-12-10.
  2. Levinthal, Dave (2012-01-21). "Meet the super super PAC". Politico. Retrieved 2018-12-10.
  3. "Krystal Ball's Democratic PAC gives less than 3 percent of money raised to candidates". Washington Examiner. 13 February 2018.
  4. NW, The Center for Responsive Politics 1300 L. St; Washington, Suite 200; fax857-7809, DC 20005 telelphone857-0044. "Dark Money Basics". OpenSecrets.
  5. "Carey v. FEC". Federal Election Commission. 2011-10-05. Retrieved 2018-12-10.
  6. "Hybrid PAC". Ballotpedia. Retrieved 2018-12-10.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.