Bundlers

Posted: April 16, 2008 in Uncategorized

From the website whitehouseforsale.org

What is bundling and who is a bundler?

Bundling describes the activity of fundraisers who pool a large number of campaign contributions from political action committees (PACs) and individuals. Bundlers, who are often corporate CEOs, lobbyists, hedge fund managers or independently wealthy people, are able to funnel far more money to campaigns than they could personally give under campaign finance laws.

While there are disclosure requirements for bundling, they only go into effect when a bundler personally hands over checks. Most campaigns get around the disclosure provision by not having the bundler ever touch the checks. Mandatory disclosure of all bundled contributions – regardless of whether the bundler touches them – is the very least we can do to address this new way to evade disclosure laws. Disclosure of bundling activity could be achieved either through a new law from Congress or by an improvement in FEC regulations.

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