How to Form a Super PAC (Political Action Committee)
What is a Super PAC?
Super PACs are a relatively new phenomena in American politics. They are a product of two judicial decisions: the U.S. Supreme Court’s ruling in Citizens United v. Federal Election Commission, delivered in January 2010, and the D.C. Circuit’s decision in Speechnow.org v. Federal Election Commission, two months later. Together, these two decisions enabled the creation of a new entity: a political action committee that could accept unlimited donations so long as it did not coordinate its expenditure with any political campaign.
Super PACs, officially known as “independent-expenditure only committees”, may not make contributions to candidate campaigns or parties, but may engage in unlimited political spending independently of the campaigns. Unlike traditional PACs, they can raise funds from individuals, corporations, unions, and other groups without any legal limit on donation size.
The term “Super PAC” was coined by reporter Eliza Newlin Carney. According to Politico, Carney, a staff writer covering lobbying and influence for CQ Roll Call, “made the first identifiable, published reference to ‘super PAC’ as it’s known today while working at National Journal, writing on June 26, 2010, of a group called Workers’ Voices, that it was a kind of ‘super PAC’ that could become increasingly popular in the post-Citizens United world.”
According to FEC advisories, Super PACs are not allowed to coordinate directly with candidates or political parties. This restriction is intended to prevent them from operating campaigns that complement or parallel those of the candidates they support or engaging in negotiations that could result in quid pro quo bargaining between donors to the PAC and the candidate or officeholder. However, it is legal for candidates and Super PAC managers to discuss campaign strategy and tactics through the media.
Why Should I Start a Super PAC?
In 2017, I formed the Cryptocurrency Alliance Super PAC. I am passionate about cryptocurrencies and the potential for blockchain technology. I knew that there was likely a wave of regulation that would follow the vast amounts of…