The rules governing political action committees are extremely complicated. Who can be asked for contributions? Who can give? How much can one give? Add the differences between federal and state rules, and one’s head begins to spin. But there is one simple thing that can be done to help further ASA’s national political efforts — fill out a prior approval form for the ASA-Political Action Committee (ASA-PAC).
The Federal Election Commission has set a few simple rules to follow in collecting prior approval forms:
- A company may only give prior approval to one trade association PAC per year. A firm may alternate authorizations between trade associations, but may not allow solicitations from multiple trade associations in a given year. This does not preclude a firm from soliciting contributions for its own political action committee or a state-level political action committee.
- The individual signing the prior approval must have the authority to make such approvals on the company’s behalf (i.e., president, CEO, COO, etc.).
- Prior approval must be given each year, but can be given for up to four years in advance. This means that the company’s representative must sign the form four times in order to authorize ASA-PAC to solicit its employees for four years.
- Prior approvals expire on Dec. 31 of each year, so companies must sign new forms before that date in order to continue receiving solicitations from the ASA-PAC.