Bernie Sanders’ $8,797 Super PAC

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By Douglas A. McIntyre Published
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Senator Bernie Sanders has a Super PAC called Collective Actions PAC. As of October 15, it has raised just $8,797 and spent $433. Lucky for Sanders that he gets thousands of donations, which totaled $26 million in the third quarter.

The Sanders Super PAC numbers come from Open Secrets, which tells a great deal about where candidates get their money. Among the largest Super PACs, several have raised over $10 million. The Right To Rise USA has raised $103 million for Jeb Bush. America Leads has raised $11 million for Chris Christie (clearly poll numbers do not have a direct connection to Super PAC support). Unintimidated PAC has raised $20 million for Scott Walker. Keep the Promise I has raised $11 million for Ted Cruz. Priorities USA Action has raised $16 million for Hillary Clinton.

According to Open Secrets:

As of October 16, 2015, 1,186 groups organized as super PACs have reported total receipts of $300,828,942 and total independent expenditures of $28,916,515 in the 2016 cycle.

Methodology:

Super PACs are a new kind of political action committee created in July 2010 following the outcome of a federal court case known as SpeechNow.org v. Federal Election Commission.

Technically known as independent expenditure-only committees, Super PACs may raise unlimited sums of money from corporations, unions, associations and individuals, then spend unlimited sums to overtly advocate for or against political candidates. Super PACs must, however, report their donors to the Federal Election Commission on a monthly or quarterly basis — the Super PAC’s choice — as a traditional PAC would. Unlike traditional PACs, Super PACs are prohibited from donating money directly to political candidates.

ALSO READ: The Net Worth of Each Presidential Candidate

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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