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elmac's JournalKoch brothers' network launches new super PAC
Source: CNN
(CNN)Americans for Prosperity, the sprawling Koch political network, announced Monday the launch of a new super PAC arm as the organization gears up for the final stretch of the 2018 midterms.
The new super PAC was described as "a new tool to build broad policy coalitions in Congress to help advance AFP's vision," which "will advocate for candidates who share our commitment to breaking internal and external barriers that prevent people from realizing their full potential."
The super PAC, called "AFP Action," will operate independently of the network's preexisting 501(c)(4) nonprofit and with some key advantages.
Per campaign finance laws, the new group will be able to spend unlimited sums on election activities while being subject to some loose disclosure requirements, The nonprofit arm, however, is subject to even looser disclosure requirements but must dedicate a portion of their spending to "social welfare" activities that cannot explicitly target elections.
Read more: https://www.cnn.com/2018/09/10/politics/koch-brothers-launch-new-super-pac-afp-action/index.html
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