Hybrid PAC

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A hybrid PAC (sometimes called a Carey Committee) is a political committee classification in the United States. It is used by the Federal Election Commission to describe a committee with certain spending and contribution limitations. [1]

Contents

The term is related to "super PAC", a committee which may not make contributions to candidate campaigns or parties, but may engage in unlimited political spending independently of the campaigns. Unlike super PACs, however, a hybrid PAC can give limited amounts of money directly to campaigns and committees, while still making independent expenditures in unlimited amounts. [1] [2]

The hybrid PAC is required to maintain two separate bank accounts for the two types of expenditures, and to register with the FEC and report all receipts and disbursements for both accounts. [1] In essence, the hybrid PAC is the equivalent of a traditional PAC and a super PAC operating under the same roof. [2] [3] [4]

History

The hybrid PAC has its origins in the Carey v. the Federal Election Commission case, brought in 2012 by retired United States Navy Rear Admiral James J. Carey. Dan Backer, Carey's attorney in the case, argued that the current laws governing campaign contributions prohibited "a nonconnected political committee from soliciting and accepting unlimited contributions to one bank account designated for independent expenditures, while maintaining a second, separate bank account designated for source- and amount-limited contributions to candidates and their authorized political committees." [5] A judge in the D.D.C. ruled in Carey's favor, which opened the door for any PAC or super PAC to reclassify themselves as a hybrid PAC. [6]

Ready PAC

Ready PAC Ready PAC was founded/launched on January 22, 2013, by Adam Parkhomenko and Allida Black, both of whom worked with the Obama campaign. Its creation was with the purpose of persuading Hillary Clinton to run for President in the 2016 Election. Notable members of the Ready PAC include Harold Ickes (Former Clinton Whitehouse Strategist), Craig Smith (Former Clinton Whitehouse Political Director), Jim Lamb (Hillary Clinton's former campaign lawyer), and James Carville (soliciting contributions for Ready PAC in its early days). [7]

Correct the Record PAC

Correct the Record (PAC) Correct the Record, originally founded as "American Bridge 21st Century", in 2013. Correct the Record split off from "American Bridge 21st Century" to solely focus on supporting Hillary Clinton in her 2016 Presidential campaign. Correct the Record is self-described to be a "strategic research and rapid response team designed to defend Hillary Clinton from baseless attacks". The most notable member of Correct the Record is Jennifer Granholm, the former co-chairwoman on the board of Super PAC Priorities USA Action. Correct the Record raised $3,436,572 in 2015 according to FEC records ($3,104,476 was spent). [8]

  1. 1 2 3 "FEC Terminology for Candidate Committees" (PDF). Federal Election Commission . 2013. Retrieved 2018-12-10.
  2. 1 2 Levinthal, Dave (2012-01-21). "Meet the super super PAC". Politico . Retrieved 2018-12-10.
  3. "Krystal Ball's Democratic PAC gives less than 3 percent of money raised to candidates". Washington Examiner. 13 February 2018.
  4. "Dark Money Basics". OpenSecrets.
  5. "Carey v. FEC". Federal Election Commission . 2011-10-05. Retrieved 2018-12-10.
  6. "Hybrid PAC". Ballotpedia . Retrieved 2018-12-10.
  7. "Ready PAC". Ballotpedia. Retrieved 2023-10-03.
  8. "Correct the Record". Ballotpedia. Retrieved 2023-10-03.

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