How do NASBIC PAC contributions involve us in the political process?
First, PAC contributions to candidates (whether incumbents or challengers) help pay the costs of running a congressional campaign. Without adequate funds, congressional candidates cannot survive the election process. Costs can be substantial, with a Senate race running as much as $20 million or more and a House race requiring $1 million or more. For a $20 million Senate race and incumbent Senator would have to raise as much as $9,000 per day for each of the six years he or she was in office to run for re-election for another six-year term. For a House member it can easily be $1,500 or more per day for the two-year cycle. To say congressional members spend time fundraising is an understatement. This is particularly so because candidates can accept no more than $2,000 from one individual or $5,000 from one PAC for any single election. Each election cycle has both a primary and a general election. Thus, the maximum contribution limits are $4,000 for individuals and $10,000 for PACs for ea
Related Questions
- Could contributions to a non-dealer associated PAC or payments to a state or local political party lead to a ban on municipal securities business with an issuer under Rule G-37?
- Who manages NASBIC PAC and makes political contribution decisions?
- What is the process that leads to a contribution to NASBIC PAC?
