Jump to content

Lloth

Members
  • Posts

    969
  • Joined

  • Last visited

  • Days Won

    11

Posts posted by Lloth

  1. 2) Campaign Committees

     

    A) Any political candidate may have a Campaign Committee, to be designated as "Warchest of", "Bank Account of", or clearly other identifiable naming which includes the candidate's name.

     

    B) Campaign Committee records of contributions and expenditures must be kept in a manner to be easily audited by the FEC, and must be current.

     

    C) The FEC may, at its discretion, require an annual report detailing all campaign revenue and expenditures.

     

    D) The FEC may levy a fine for unlawful contributions and expenditures up to the amount of the contribution or expenditure in question, or up to three times that amount for violations which appear to be deliberate and systematic.

     

    E) If a Campaign Committee is closed, the following options are available for the distribution of remaining funds after outstanding debts are paid:

     

    a) May be converted to a Political Action Committee (PAC). However, the Campaign Committee must have received contributions from third party donors (players), must have been in existence for at least six months, and must make contributions to at least five candidates in accord with FEC limits to qualify for this option.

    b) May contribute part or all of the remaining balance to a recognized charity or a political party.

    c) May contribute directly to other candidates, in accord with FEC limits.

     

    F) A national party's membership in the House and the Senate may each maintain a Campaign Committee to work on behalf of the reelection of its members; however, such Campaign Committees may not coordinate their spending with individual candidates Campaign Committees or any PACs

     

    G) Campaign Committee records shall be considered publically available on the June following the year of the recorded receipts and expenditures.

  2. 1) Definitions

     

    A) Hard Money - Contributions by an individual, PAC, political party(through its PACs),  or 501c organizations with the intent of electing or reelecting a specific person to office. The size of such contributions are limited by Federal Law. Spending by an organization that is coordinated or clearly intended to elect a specific candidate falls under this definition as well.

     

    B) Soft Money - Independent and/or uncoordinated political expenditures made by 501(c) and 427  organizations, or individuals other then the candidates and the political parties. Such spending may advocate specific views and general advocacy, as well as general "get out the vote" campaigns.

     

    C) Campaign Committee - Organization which receives contributions for the election of a specific candidate. It may make appropriate expenditures in support of the candidate's election, and may make some contributions to PACs or candidates in accord with FEC rules and restrictions.

     

    D) PAC - A Political Action Committee accepts soft money contributions on behalf of an individual, candidate, political party, or organization. A PAC may make hard money contributions in accord with Federal Law. 

     

    E) 501(c) - A nonprofit organization, named after a provision of the Internal Revenue Code. Various subgroups exist for individual purposes. Generally, a 501(c) organization may lobby and provide general information for the public on controversial issues or for the general welfare.

     

    F) 427 - A nonprofit organization, named after a provision of the Internal Revenue Code, intended to promote the general welfare.

     

    G) Unlawful Contribution or Expenditure - this term shall apply to any contribution to, or expenditure by, a Campaign Committee or PAC from or to a source prohibited by law, in excess of FEC limits, or which can not be properly documented.

     

    H) FEC - The Federal Elections Commission, a bipartisan committee which regulates campaign financing. For game purposes, this shall consist primarily of the K Street and Election Admins, although the remainder of the AB may also be included.

     

    I) Affiliated - refers to any PAC which is operated by a political candidate or political party.

     

    J)Party Committee - A party's National, Senate, or House Committee dedicated to election of members of their party.

     

     

     

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.