American Bankers Association PAC – Washington, D.C. American Express PAC (AXP PAC) – Washington, D.C. American Financial Services Association PAC (AFSA PAC) – Washington, D.C. Bank of America Federal PAC – Washington, D.C. are some examples of PACs.
A political action committee (PAC) in the US is a 527 organization that collects member campaign contributions and distributes those monies to campaigns for or against candidates, legislation, or ballot initiatives. In an effort to reform campaign finance in the US, the legal term PAC was developed.
In order to promote candidates for different federal and nonfederal seats, members of Congress and other political figures frequently create Leadership PACs. PACs are distinct organizations founded by businesses, labor unions, individuals, or other special interest groups to raise and spend money to directly support the election of federal and state candidates.
To know more about political action committee, refer:
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