Press release: “The number of federally registered political action committees (PACs) increased slightly, from 4,210 on January 1, 2006, to 4,217 by July 1, 2006 according to a semi-annual survey by the Federal Election Commission. Corporate PACs remain the largest category, with 1,621 committees, followed by non-connected 1,233 trade/membership/health – 935, labor – 283, corporations without stock – 105, and cooperatives – 40. 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.” [see the full release for the accompanying charts]
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