Excerpt taken from the article.
It's raining Super PACs at the Federal Election Commission.
More than 320 Super PACs and independent expenditure committees have registered with the FEC since a string of court decisions in 2010 that helped to clear the way for their creation. Almost 60 of the groups registered in 2012 alone. The explosion of SuperPACs is likely being fueled in part by a surge of media interest. Super PACs affiliated with the Republican presidential candidates have made headlines with multimillion-dollar ad buys, and an elaborate satire of the groups by Stephen Colbert has brought the issue to late-night television.
"There is certainly a fad element to this. They've seen it on Colbert, they've read it in the papers, and the simple fact is, it isn't that hard to set one up," said attorney
Joe Birkenstock, who has worked on
Colbert's Super PAC. "I think at some level there's got to be a portion of this that say, ‘Hey, sounds like fun, looks like it's not that hard. … Why don't I do one?' " Super PACs can raise unlimited amounts of money for political advocacy, so long as they do not make in-kind or direct contributions to federal candidates or committees or coordinate with them.
To read the full article on Super PACs and the Federal Election Commission click here.