In a detailed piece for BNA Money & Politics Report, Kenneth Doyle details new developments following the Federal Election Commission’s ruling in July that two political organizations could collect unlimited contributions while registering as a political action committee (PAC).
Doyle notes how the initial two groups, conservative Club for Growth and Democratic-leaning Commonsense Ten, have been joined by about half a dozen others — including the already notorious Rove and Gillespe 527 group, American Crossroads — in registering in the last few weeks as “independent expenditure committees” that will collect unlimited amounts of money for campaign spending. Disclosure reports show the Club for Growth has received a total of $75,000 from just two donors, for instance.
...Meanwhile, American Crossroads has thus far provided no information about its contributions or spending, at least not in its initial FEC form, though it has filed disclosure reports with the IRS. Those reports don’t have to be filed as frequently, but the most recent show around $4.5 million in donations, the most sizable coming from two individuals – oil company executive Trevor Rees-Jones and Public Storage Inc. Chairman Wayne Hughes — each of whom donated about $1 million.
Friday, August 13, 2010
American Crossroads and Disclosure
The Washington Independent reports: