Is a PAC treasurer’s job solely to sign checks and file periodic reports to the FEC?
Incorrect. The treasurer is also responsible for maintaining records of all receipts and expenditures and ensuring compliance with solicitation efforts. A PAC must appoint a treasurer within 10 days of its establishment and the PAC may not raise or spend any funds when there is a vacancy in that office.
The FEC’s publication: “Appointing a Treasurer” provides guidance to individuals who are assuming this important role. Go to https://www.fec.gov/help-candidates-and-committees/get-treasurer/ to learn more.
The FEC’s publication: “Appointing a Treasurer” provides guidance to individuals who are assuming this important role. Go to https://www.fec.gov/help-candidates-and-committees/get-treasurer/ to learn more.
Correct. The treasurer is also responsible for maintaining records of all receipts and expenditures and ensuring compliance with solicitation efforts. A PAC must appoint a treasurer within 10 days of its establishment and the PAC may not raise or spend any funds when there is a vacancy in that office.
The FEC’s publication: “Appointing a Treasurer” provides guidance to individuals who are assuming this important role. Go to https://www.fec.gov/help-candidates-and-committees/get-treasurer/ to learn more.
The FEC’s publication: “Appointing a Treasurer” provides guidance to individuals who are assuming this important role. Go to https://www.fec.gov/help-candidates-and-committees/get-treasurer/ to learn more.
Can corporations make unlimited contributions to independent expenditure committees?
Correct. According to the FEC, political committees that make only independent expenditures may solicit and accept unlimited contributions from individuals, corporations, labor organizations and other political committees. They may not accept contributions from foreign nationals, federal contractors, national banks or federally chartered corporations. See Also AO 2010-11.
Incorrect. Corporations can in fact make unlimited contributions. According to the FEC, political committees that make only independent expenditures may solicit and accept unlimited contributions from individuals, corporations, labor organizations and other political committees. They may not accept contributions from foreign nationals, federal contractors, national banks or federally chartered corporations. See Also AO 2010-11.
May a trade association solicit its PAC board members?
Correct. But must obtain prior approval in order to do so.
Incorrect. Yes it may. But must obtain prior approval in order to do so.
May a trade association request prior approval for more than one year?
Correct. A trade association may request prior approval for several years on one request form. The form must include a place where the signer must affirmatively consent to each calendar year individually. This prior approval may be revoked at any time for any number of years that had been previously granted consent.
Incorrect. A trade association may request prior approval for several years on one request form. The form must include a place where the signer must affirmatively consent to each calendar year individually. This prior approval may be revoked at any time for any number of years that had been previously granted consent.
Can a Federal PAC contribute to state and local candidates?
Correct. All but a few states allow a Federal PAC to contribute to state and local candidates. However, many states would require the Federal PAC to register and file periodic disclosure and 24-Hour notification reports.
Incorrect. All but a few states allow a Federal PAC to contribute to state and local candidates. However, many states would require the Federal PAC to register and file periodic disclosure and 24-Hour notification reports.
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