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For Immediate Release
September 1, 2004
Contact: Bob Biersack
Ian Stirton
Kelly Huff
George Smaragdis

 

PAC ACTIVITY INCREASES AT 18 MONTH POINT IN 2004

WASHINGTON Federal Political Action Committees raised $629.3 million, spent $514.9 million, and contributed $205.1 million to federal candidates from January 1, 2003 through June 30, 2004 according to a Federal Election Commission (FEC) summary released today. This represented a 27% increase in receipts when compared with 2002, while disbursements increased by 24%. Contributions to candidates were 13% higher than this point in the 2002 campaign. These changes were generally greater than the pattern of growth in PAC activity over the past several election cycles. This is the first cycle conducted under the regulatory structure created by the Bipartisan Campaign Reform Act of 2002.

The summary tables provided in this release also show contributions to candidates broken down by office and party. Overall, PAC contributions to House candidates increased by 21% over 2002 levels. Contributions to Republican House candidates increased by 40.2% while contributions to Democratic House candidates increased by 4%. PAC contributions to Senate candidates vary from one election cycle to the next because different states have Senate elections each cycle and because, with only 33 or 34 races each year the competitiveness of individual races can significantly effect financial activity overall. During the first 18 months of the 2004 election cycle PAC contributions to all 2004 Senate candidates increased 20% to $41.7 million. Contributions to Democrats increased 55% to $19.9 million while contributions to Republicans were virtually unchanged at $21.8 million.  

PACs at the end of June reported $295.9 million on hand, 28% more than was available at this point in 2002.  

No. of Committees Receipts Disbursements Cash on Hand Contributions Debts Owed by
Corporate 1,712 $174,289,272 $154,757,999 $79,919,354 $80,112,059 $302,928
Labor 326 $138,265,375 $109,561,966 $80,773,995 $35,562,491 $1,252,646
Non Connected 1,563 $174,313,125 $139,632,851 $57,954,906 $29,999,517 $7,364,656
Trade/Membership/Health 967 $132,105,099 $101,732,495 $70,589,801 $54,669,902 $87,949
Cooperative 37 $2,982,162 $2,712,092 $2,370,148 $1,962,645 $0
Corporations Without Stock 108 $7,349,425 $6,509,016 $4,327,839 $2,750,531 $353,098
Total 4,713 $629,304,458 $514,906,419 $295,936,043 $205,057,145 $9,361,277

In addition to federal receipts and disbursements shown above, some PACs (mostly nonconnected committees) maintain nonfederal accounts and must therefore use a combination of federal and nonfederal funds to pay for activities that may relate to both federal and state or local elections (overhead expenses, etc.). These PACs reported transferring a total of $38 million in nonfederal funds (often referred to as "soft money") into their federal accounts to pay a portion of these expenses.

Nonfederal transfers by PACs through June of the election year:

2004 $37,962,393
2002 $15,193,847
2000 $11,589,102
1998 $10,255,250
1996 $5,386,892
1994 $5,464,856
1992 $4,703,250

The top 10 committees reporting nonfederal transfers through June 30, 2004:

Committee Nonfederal Transfers
AMERICA COMING TOGETHER $27,257,715
EMILY'S LIST $6,679,708
DEMOCRATIC VICTORY 2004 $1,174,100
VICTORY CAMPAIGN 2004 $781,650
GAY AND LESBIAN VICTORY FUND $705,763
21ST CENTURY DEMOCRATS $592,214
THE WISH LIST $501,617
SENATE VOTER REGISTRATION PROJECT $411,952
PROGRESSIVE MAJORITY $359,364
NEW CENTURY PROJECT $328,238

The tables on the following pages provide summaries of PAC financial activity including contributions to federal candidates, and also list the top 50 PACs for 2003-2004 in terms of receipts, contributions to candidates, and cash on hand.

Tables

The tables in [HTML] format can be read using your web browser. The [EXCEL] files are workbooks that can be read using Excel from Microsoft.

  • 18 Month PAC Financial Activity (Through June 30 of the Election Year) [EXCEL] [PDF]
  • PAC Contributions 2003-2004 Through June 30, 2004 [EXCEL] [PDF]
  • Chart depicting PAC Receipts by Type 1990-2004 [EXCEL] [PDF]
  • Top 50 PAC’s
    • Top 50 PAC’s by Receipts Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 PAC’s by Disbursements Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 PAC’s by Contributions to Candidates Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 PAC’s by Cash on Hand as of June 30, 2004 [EXCEL] [PDF]
  • Top 50 Corporate PAC’s
    • Top 50 Corporate PAC’s by Receipts Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Corporate PAC’s by Disbursements Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Corporate PAC’s by Contributions to Candidates Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Corporate PAC’s by Cash on Hand as of June 30, 2004 [EXCEL] [PDF]
  • Top 50 Labor PAC’s
    • Top 50 Labor PAC’s by Receipts Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Labor PAC’s by Disbursements Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Labor PAC’s by Contributions to Candidates Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Labor PAC’s by Cash on Hand as of June 30, 2004 [EXCEL] [PDF]
  • Top 50 Nonconnected PAC’s
    • Top 50 Nonconnected PAC’s by Receipts Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Nonconnected PAC’s by Disbursements Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Nonconnected PAC’s by Contributions to Candidates Through June 30, 2004 [EXCEL][PDF]
    • Top 50 Nonconnected PAC’s by Cash on Hand as of June 30, 2004 [EXCEL] [PDF]
  • Top 50 Trade/Member/Health PAC’s
    • Top 50 Trade/Member/Health PAC’s by Receipts Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Trade/Member/Health PAC’s by Disbursements Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Trade/Member/Health PAC’s by Contributions to Candidates Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Trade/Member/Health PAC’s by Cash on Hand as of June 30, 2004 [EXCEL] [PDF]
  • Top 50 Cooperative PAC’s
    • Top 50 Cooperative PAC’s by Receipts Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Cooperative PAC’s by Disbursements Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Cooperative PAC’s by Contributions to Candidates Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Cooperative PAC’s by Cash on Hand as of June 30, 2004 [EXCEL] [PDF]
  • Top 50 Corporation Without Stock
    • Top 50 Corporation Without Stock PAC’s by Receipts Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Corporation Without Stock PAC’s by Disbursements Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Corporation Without Stock PAC’s by Contributions to Candidates Through June 30, 2004 [EXCEL] [PDF]
    • Top 50 Corporation Without Stock PAC’s by Cash on Hand as of June 30, 2004 [EXCEL] [PDF]