An ongoing committee is a type of political committee that has not officially terminated its status and does not meet the qualifications to be classified as a terminating committee. This designation is significant in the context of political fundraising and campaign finance, as it allows the committee to continue its activities, including fundraising and expenditure of funds, beyond a single election cycle.
The term "ongoing committee" is primarily used in the realm of campaign finance law. It is relevant to political committees that wish to maintain their status for continuous fundraising and political activities. Understanding this term is crucial for individuals involved in political campaigns, as it affects how they manage funds and comply with federal regulations set forth by the Federal Election Commission (FEC).
Here are a couple of examples of abatement:
Example 1: A political committee that successfully raised funds during a recent election cycle decides to keep its status as an ongoing committee to prepare for future elections. This allows them to retain their contributions and continue their political activities.
Example 2: A committee that has not reached its fundraising goals may choose to remain an ongoing committee to keep soliciting donations beyond the election period. (hypothetical example)
Ongoing committees are governed by federal regulations outlined in Title 11 of the Code of Federal Regulations, specifically 11 CFR 116.1. This regulation defines the criteria for ongoing committees and their operational guidelines.
| Term | Description |
|---|---|
| Terminating Committee | A political committee that has officially ended its activities and filed the necessary paperwork to terminate. |
| Political Committee | A broader category that includes all committees involved in political activities, including both ongoing and terminating committees. |
If you are involved with a political committee that may be classified as ongoing, it is essential to understand your obligations under federal law. Ensure that your committee complies with all reporting requirements and maintains accurate financial records. Users can explore US Legal Forms for ready-to-use legal templates that can help manage these requirements effectively. If your situation is complex, consider consulting a legal professional for tailored advice.
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An ongoing committee has not filed for termination and can continue its activities, while a terminating committee has officially ended its operations.