raised for SF PAC since its establishment in 2017
disbursed to federal candidates' re-election campaigns
About SF PAC
Established in 2017, Structured Finance Political Action Committee (SF PAC) is a young and growing Political Action Committee (PAC) and the only federal PAC focused exclusively on representing the interests of the structured finance industry in Washington, D.C. A PAC enables members of groups – such as the SFC – to pool their political contributions and support candidates who can and will champion the industry’s legislative objectives. SF PAC unifies the voice of the structured finance industry to identify and support federal candidates who work to keep America’s capital markets strong and robust.
Federal law prohibits corporate contributions to candidates for federal office. Your personal contribution to SF PAC creates SFA’s only opportunity to provide financial support to political candidates. SFA also needs SF PAC to compete with special interest groups that contribute millions of dollars annually to promote laws that will adversely affect the structured finance industry.
SF PAC achieved multicandidate committee status in 2019 as it has been federally registered with the Federal Election Commission as a political committee for at least six months, has received contributions from more than 50 unique donors, and has made contributions to at least five federal candidates.
Support SF PAC
Every day, elected officials make decisions that impact your business. SF PAC is one of the best vehicles that you can use to participate in the political process and it gives you the opportunity to join your voice with other structured finance professionals, to support lawmakers who fully understand that securitization and structured finance provides credit access to families, individuals and businesses.
SF PAC FAQs
Below are answers to some frequently asked questions about the rules and requirements associated with the Structured Finance PAC. Please visit the Federal Election Commission’s website www.fec.gov for assistance with campaign finance information, compliance, and legal resources.
Who can contribute to the Structured Finance PAC?
The Structured Finance PAC can only accept personal contributions from U.S. citizens and individuals with permanent resident status (green card holders). No corporate contributions are permitted due to Federal Election Commission (FEC) law.
How are contributions to the Structured Finance PAC reported?
Every dollar the Structured Finance PAC raises (over $200) or spends is reported to the FEC and is publicly available at www.fec.gov.
How much should I contribute to Structured Finance PAC?
Whether you’re new to SF PAC or updating your annual giving this year, a set of three suggested contribution levels is provided for your convenience. SF PAC needs your help to protect what’s most important– and to show that SFC members remain committed to seeing real change in Washington.
- GOLD ($3,000-$5,000 Donation)
- SILVER ($500-$2,999 Donation)
- BRONZE ($1-$499 Donation)
Individuals and other federal PACs may contribute up to $5,000 per calendar year to the Structured Finance PAC.
How does the PAC Committee decide which candidates for Congress receive contributions?
The SFC Board is responsible for overseeing the Coalition’s strategic efforts and helps set and ultimately approves the spending plan for a given calendar year and/or election cycle. SFC has established a set of guiding principles to provide guardrails for how to manage PAC contributions and to determine when and how funds will be allocated to candidates. Some of the criteria used to select candidates to receive contributions include:
- The candidate’s position on a committee with jurisdiction over key policy issues (e.g., the banking, housing and insurance, capital markets, and tax-writing committees or subcommittees in both chambers of Congress);
- The candidate’s views on issues of importance to the company;
- The candidate’s representation of a state or district where the company has a large employee presence;
- The candidate’s participation in a highly competitive race or significant financial need.
The SF PAC is bipartisan and has a goal of dividing contributions within a 60-40 ratio between the candidate or representatives of the two major political parties. The SF PAC does not, as a matter of course, contribute to Presidential elections, or to candidates or incumbents for elections for state or local office, including judgeships. And, the SF PAC aims to contribute 75% of the money it receives in a given cycle, reserving 25 percent for future years.
Are contributions to the Structured Finance PAC tax deductible?
PAC contributions are not tax deductible.
Are contributions to SF PAC subject to either the SEC or MSRB “Pay-to-Play” Rules?
Both the SEC and the MSRB have regulations that limit the ability of certain individuals (“covered associates” under the SEC Rule and “dealers” and “advisors” under the MSRB Rule) to make contributions to state and local candidates. SF PAC only contributes to federal candidates, and generally only contributes to incumbent federal candidates. It does not target contributions to non-incumbents who are currently state office holders. Thus, contributions to SF PAC will not trigger Pay-to-Play restrictions. We are happy to provide additional details to your compliance department if needed.