ProPublica: The Super Rich Have a New Way to Buy Elections
PACs dominated by one donor could run afoul of disclosure laws, according to Larry Noble, the former top lawyer for the Federal Election Commission. Under the rules, political ads must include disclosures about who funded them. Noble said election law would require groups funded by one person to list that donor’s name, not just the name of the PAC – though he couldn’t recall the FEC addressing such a case.
Naming the super PAC instead of the donor in the ad, Noble said, also allows the groups to delay disclosing where their money comes from until the next FEC filing date – potentially weeks after the ad runs.
“It defeats the purpose of the law to allow someone to hide behind a super PAC if they are the only funder,” Noble said.
“They want to make it more authoritative, like there’s more support. It looks better to say the ad is from Americans for Good Government than from John Smith… That just makes a mockery of the law.”
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