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Federal Election Commission | United States of America
  • Press Release

FEC Issues Semi-Annual Federal PAC Count

July 20, 1999

For Immediate Release: Contact: Kelly Huff July 20, 1999 Ron Harris Sharon Snyder Ian Stirton

 

FEC ISSUES SEMI-ANNUAL FEDERAL PAC COUNT

 

WASHINGTON -- The number of federally registered political action committees (PACs) decreased slightly since January 1, 1999, bringing the total number of registered PACs to 3,778, according to a semi-annual survey taken July 1, 1999, by the Federal Election Commission.

Corporate PACs remain the largest category, with 1,540 committees, followed by non-connected - 941, trade/membership/health - 826, labor - 318, corporations without stock - 115, and cooperatives - 38.

PACs sponsored by corporations and labor organizations are technically referred to as "separate segregated funds" and must register within 10 days of being established. Non-connected PACs (those which are not connected to or sponsored by a corporation or labor organization, and which are not related to a candidate''''s campaign or to a political party organization) must register within 10 days after certain financial activity exceeds $1,000 during a calendar year.

Registration does not necessarily imply financial activity. Many PACs report making no contributions to candidates or independent expenditures on behalf of or against candidates. Financial information on PACs will be included in future FEC news releases.

The following chart details the number of PACs in existence since the end of 1974.

 

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This information is not intended to replace the law or to change its meaning, nor does this information create or confer any rights for or on any person or bind the Federal Election Commission or the public.

The reader is encouraged also to consult the Federal Election Campaign Act of 1971, as amended (52 U.S.C. 30101 et seq.), Commission regulations (Title 11 of the Code of Federal Regulations), Commission advisory opinions and applicable court decisions.