PAC-to-PAC transfers still practiced by Republicans, in DC
The Birmingham News (al.com) reports: Sen. Richard Shelby and Rep. Spencer Bachus are among the most generous members of Congress when it comes to handing out campaign cash to their colleagues and other contenders, according to an analysis of political action committees.
So far in this 2012 election cycle, Bachus' political action committee has donated $271,500 to other candidates, the 11th-highest amount among the leadership PACs. Shelby's has dished out $205,000, the 19th-highest amount, according to data compiled by the Center for Responsive Politics. And the election is still four months away.
Topping the list is House Majority Leader Eric Cantor, R-Va., at more than $1.3 million, and second is House Speaker John Boehner of Ohio, at just more than $1 million.
The center lists 373 leadership PACs active in this cycle that are run mostly by current and former veteran members of Congress. They are separate from their own re-election accounts, but they tend to raise money from many of the same sources. The difference is in how they spend it. Instead of helping their own elections, members use money in their leadership PACs to donate to other members of Congress or challengers in other congressional races. -- Read the whole story --> Richard Shelby, Spencer Bachus among most generous in Congress in sharing campaign cash | al.com