Rep. Tom Cotton Adds Another Fundraising Arm
Posted at 10:37 a.m. on Dec. 16, 2013
A member of the U.S. House of Representatives, who is running for the U.S. Senate, has added another fundraising arm to collect larger contributions and redirect funds to other Members of Congress and candidates.
Rep. Tom Cotton, R-Ark., has registered his new leadership PAC, Rangers Lead The Way. Cotton served in the Army and attended the Ranger school and Army Airborne school. He is running for the U.S. Senate seat now held by Sen. Mark Pryor, D-Ark.
Leadership PACs, or personal PACs, primarily collect contributions from PACs of interest groups, and individuals, such as Washington lobbyists and consultants. A multi-candidate interest group PAC can give $5,000 each year to a member’s personal PAC, as compared to giving only $5,000 per election to a member’s campaign committee. Individuals can give $5,000 each year to a member’s personal PAC, as compared to giving $2,600 per election to a member’s campaign committee.
In the past, the PACs of other members of Congress have been supportive of Cotton. In 2011-2012, Cotton’s campaign had receipts of $2.2 million, of which $466,743 came from interest group PACs and other committees, including $65,750 from leadership PACs of other Members. His new leadership PAC funds may help him return the favors.
Other Members of Congress also recently registered personal PACs. Rep. Peter King, R-N.Y., registered American Leadership Now (ALN PAC). Rep. Mark Meadows, R-N.C., registered the North Carolina Leadership Fund.