Corporate Political Action Committees (PACs)

Corporate Political Action Committees (PACs) are organized funds established by companies or industry groups to collect contributions from employees and stakeholders. These funds are then used to support political candidates, parties, or policies that align with the company's interests. PACs aim to influence legislation and government decisions to benefit their sectors. They are regulated by federal law, which sets limits on contribution amounts and requires transparency about sources and expenditures. In essence, PACs serve as a way for corporations to participate in the political process and advocate for favorable policies through financial support.