doc hastings

PAC Contributions Returned

While members of Congress and federal candidates are known for soliciting millions of dollars from political action committees (PACs), there are a few instances when campaigns refund the money to PACs .  

Treasurers of corporate, trade association, and labor PACs are happy to get the money back, especially after they have already received credit for making the original contribution. Now they can use the money to give to another campaign.  

Retiring Senators Holding More Than $5 Million in Accounts

Senators leaving Congress at the end of this year currently hold $5,334,251 in their campaign accounts and leadership PACs.  

Campaign committees may use the funds for any lawful purpose, but the funds cannot be converted to personal use. Some members donate the funds to non-profits, charities, educational institutions, political parties, other candidates (within limits), or refund contributions to the original donors. Or they could leave the funds in the campaign account, and keep it going for years.