Hybrid PACs are political committees with non-contribution accounts that solicit and accept unlimited contributions from individuals, corporations, labor organizations, and other political committees to a segregated bank account for the purpose of financing independent expenditures, other ads that refer to a federal candidate, and generic voter drives in federal elections, while maintaining a separate bank account, subject to all the statutory amount limitations and source prohibitions, that is permitted to make contributions to federal candidates.
Reporting on PAC forms
Hybrid PACs file a Statement of Organization (Form 1) to register with the FEC.
In addition to filing the Form 1, Hybrid PACs also submit a letter stating:
Consistent with the stipulated judgment in Carey v. FEC, this committee intends to establish a separate bank account to deposit and withdraw funds raised in unlimited amounts from individuals, corporations, labor organizations, and/or other political committees. The funds maintained in this separate account will not be used to make contributions, whether direct, in-kind, or via coordinated communications, or coordinated expenditures, to federal candidates or committees.
Paper filers submit this information as a letter with the committee’s information.
Electronic filers can submit this letter as memo text added to a Form 1 submission using the FEC’s Form 1 webform.