In the run-up to the mid-terms, government relations professionals might be engaged in a little campaign contribution bundling. This is a perfectly acceptable form of political fundraising, in which one lobbyist gathers campaign contributions from a group of colleagues and presenting the resulting “bundle” to lawmakers.
Regulations and disclosure:
Under HLOGA, candidate committees, leadership PACs and federal party committees are required to disclose to the Federal Election Commission the names of individual lobbyists, registered lobbying entities, or PACs maintained by lobbyists or lobbying entities that donate bundled contributions of $15,000 or more.
The “bundle” can be a physical pile of checks, or a method of assigning credit for certain amounts of money raised.
Registrant PACs and Leadership PACs were required to identify themselves as such on FEC Form 1 no later than March 29, 2009.
As always, members of Congress are prohibited from soliciting campaign contributions in regard to any kind of official action.
Links to information regarding the new rules, related forms and committee filings are here, at the FEC’s site.
Tags: Bundling, campaign contributions