A political action committee (PAC) is a company connected to an interest group that collects campaign donations and gives them to political candidates.
- In the US, a political action committee (PAC) is a 527 organization that collects member campaign contributions and distributes those funds to campaigns in support of or opposition to candidates for office, laws, or ballot initiatives. In an effort to regulate campaign funding in the US, the legal term PAC was developed. Other democracies use alternative words for the amount spent on political campaigns or other electoral activities (see political finance).
- Under the Federal Election Campaign Act as amended by the Bipartisan Campaign Reform Act of 2002, a group at the federal level in the United States becomes a PAC when it receives or spends more than $1,000 to influence a federal election and registers with the Federal Election Commission (FEC) (also known as the McCain-Feingold Act). A organization may establish a PAC at the state level in accordance with the state's election laws.
Thus this is what best describes a Political Action Committee.
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