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What Is a PAC? What Is a 527? What Sort

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What is a PAC? What is a 527? What sort of relationships do PACs and 527s have with parties and candidates? How do these organizations fit into the scheme of federal campaign finance regulations?


Definitions:

Breach Of Fiduciary Duty

A legal violation that occurs when a trusted individual or entity fails to act in the best interests of those they owe a duty to.

Director

An individual appointed to the board of an organization, responsible for guiding its policy and direction.

Partner Of A Firm

An individual who is part of the partnership that owns and manages the business, sharing in profits and liabilities.

Legal Fiction

A fact assumed by courts for legal reasoning purposes, despite its actual falsehood, often used to achieve equity or adhere to a legal doctrine.

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