Final answer:
The correct answer is that there are more than 4,000 political action committees (PACs) in the United States. PACs support political candidates by collecting and distributing funds, with regulated contributions and spending limits, unlike Super PACs that have no contribution or spending limits.
Step-by-step explanation:
There are more than 4,000 political action committees (PACs) in the United States. PACs are groups formed to collect funds from donors and distribute them to political candidates who support their issues. Large corporations, politically-oriented groups, and interest-specific committees, such as Honeywell International, AT&T, Lockheed Martin, MoveOn.org, and GOPAC, form PACs for this purpose. According to Campaign Finance Laws, in the 2020 presidential election cycle, approximately $2.7 billion was raised by PACs. PACs are highly regulated, with contribution limits of $5,000 per candidate per election and annual contributions to a national political party capped at $15,000. In contrast to traditional PACs, Super PACs can raise and spend unlimited funds, although they cannot directly coordinate with candidates or political parties.