Final answer:
The true statement about PACs is that the maximum contribution is $5,000 per candidate per campaign. This cap is intended to help maintain a more equal playing field in elections.
Step-by-step explanation:
The statement that is true about political action committees (PACs) is option b) the maximum contribution is $5,000 per candidate per campaign. According to campaign finance laws, PACs that contribute to more than one candidate are permitted to contribute a maximum of $5,000 per candidate per election, and up to $15,000 to a national party. While individual contributions to PACs are capped at $5,000, the PAC itself can contribute $5,000 per candidate, per election. It's important to note that these amounts are adjusted every two years to account for inflation.
Statements a), c), and d) are incorrect as PACs do not have to report contributions as low as one dollar (a), they are permitted to donate in all federal elections, not just congressional elections (c), and they need not raise money from at least two thousand people (d).a) They must report contributions from those who donate as little as one dollar.Political action committees are required to report all contributions they receive, regardless of the amount. This is to ensure transparency and accountability in campaign finance. It allows the public to know who is funding political campaigns and to identify any potential conflicts of interest.