Comedian Stephen Colbert will form a 'super PAC,' which can raise gobs of money, to air political ads ahead of Election 2012. He will have to disclose donors though, the FEC said.
Stephen Colbert is forming a “super PAC” to produce and air political ads prior to the 2012 election. On Thursday the Federal Election Commission gave the “Colbert Report” comedian permission to proceed with his plan to create such an entity, which can raise and spend unlimited amounts of cash.
Colbert celebrated outside the FEC offices by taking donations from passers-by on an iPad equipped to swipe credit cards.
“Today we put liberty on lay-away,” he said.
The FEC did not give Colbert everything he asked for, though. He had asked commissioners to rule on whether he had to disclose donations to his super PAC from Viacom, his corporate employer. Seeing as he’s a journalist – albeit a fake one – he suggested that maybe he qualified for a press exemption from disclosure regulations.