December 21, 2006

Draft Obama Now A PAC

Draft Obama changed its status late this morning from 527 to non-connected PAC after a senior adviser to the organization sought counsel from the FEC, which will now take from the IRS the regulatory authority over the committee.

The group had been reported on Monday as "not a political organization," but the adviser contacted the IRS last week, and an official there said it should be "operating as a 527."

"We are completely following the law, 100 percent," the adviser said, adding that the group has had no contact with Sen. Barack Obama (D-IL), his staff or his team.

If an organization is to become a PAC, it has within 10 days of raising its first $1000 to file with FEC, and Draft Obama says it has followed procedures correctly. An online donations page was added to DraftObama.org just this Saturday, and the organization held a fundraiser at Local 16 on Tuesday night charging $25 per person. [ERIN MCPIKE]

Posted at 01:45 PM

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