Political Action Committees (PACs) are an important part of the political process; they provide access to legal money to finance an election campaign. For a candidate running for office, having access to PAC funds can provide an advantage over a challenger who doesn't.
The first PAC was created in 1944 by the Congress of Industrial Organizations, which sought to raise funds to assist the reelection of President Franklin D. Roosevelt. There are now more than 4,000 PACs. CORROSION PAC is a tool in which the corrosion control industry can maintain presence in a crowded arena of special interests in congressional offices. The CORROSION PAC provides members with an opportunity to pool financial resources, to make more meaningful contributions than could be accomplished by individuals alone.
We are not asking for-and cannot accept-contributions from anyone who is not a U.S. citizen or permanent resident.
The NACE International Institute Political Action Committee (CORROSION PAC) was formed in 2012. Its mission is to support candidates for federal office who have demonstrated support for corrosion control issues and recognize the value of corrosion control planning and expertise in the government and private sectors. The PAC is a voluntary alliance of NACE International Institute members who share political objectives and choose to pool their resources to increase the impact of their voice in Washington, DC. As a federal committee, the CORROSION PAC can only contribute to candidates who are running for federal office. CORROSION PAC is nonpartisan.
CORROSION PAC is governed by a six-member Board of Directors who oversee the fund raising activities of the Committee and select which candidates will receive CORROSION PAC contributions. 100% of donations to CORROSON PAC are disbursed to candidates who support policy initiatives of CORROSION PAC members.
The NACE International Institute does not support CORROSION PAC expenses associated with fund raising activities, campaigns, and meetings. CORROSION PAC relies on donations from corporations and individuals who are members of the Institute to pay its operational expenses. Donations to the PAC operations fund, established under the Institute, are completely separate and distinct from individual donations made to the CORROSION PAC campaign fund; donations to the operations fund are not limited, disclosed (unless requested by the donor), or regulated.
In its first Annual Giving Plan, for the election cycle ending in 2014, the CORROSION PAC is committed to donating a minimum of $40,000 to federal candidates.
Public policies and regulations affect most every aspect of how the corrosion control professional applies knowledge, experience and skills to protect people, assets, and the environment from the effects of corrosion. Public policies and regulations often emanate from broader legislation in Congress. CORROSION PAC aims to keep in office or elect federal candidates who understand the corrosion industry’s issues and will work to develop sound public policies. CORROSION PAC will build positive relationships with elected officials and candidates who make policy decisions affecting the industry. PACs can serve as a vehicle for a united voice to present a viewpoint to the federal government. CORROSION PAC enables individuals to become involved in a powerful and positive way.
PACs are regulated by federal campaign finance laws. The Federal Election Commission (FEC) collects detailed financial activity of all PACs and makes the reports available to any citizen. All federal PACs operate under strict limits on who they may solicit, and what they can donate per candidate per election. They are the most legal, transparent, federally monitored means of contributing to political candidates.
A "Super PAC" is a political action committee that can raise and spend unlimited amounts of money from corporations, individuals, unions and associations. A "Super PAC" can only make independent expenditures to candidates without coordinating directly with a candidate. According to the Federal Election Commission, when a "Super PAC" makes a contribution, it cannot be "in concert or cooperation with or at the request or suggestion of, a candidate, the candidate's campaign or a political party".
On the other hand, CORROSION PAC can only accept contributions from individual members of the NACE International Institute, with a limit of $5,000 per year per person. CORROSION PAC cannot accept funds from corporations, unions or other associations and also must disclose everyone who has contributed over $200. Because of these restrictions, CORROSION PAC is able to communicate directly with candidates on behalf of the corrosion control profession. Additionally, the names of all contributors of more than $200 to the CORROSION PAC, and recipients of CORROSION PAC contributions, are disclosed to the FEC in regular reports which can be viewed on websites like fec.gov or opensecrets.org.
There are a small number of people who have misused PACs in a negative way; and, as is common today, an entire industry can be maligned by media coverage of a small rogue segment of that industry. PACs are recognized as a highly regulated way for groups of people to participate in the political process and are very transparent. PACs are an outgrowth of campaign finance reform and are the preferred method to finance campaigns because of the way they are regulated and that information is disclosed. A PAC defends an industry’s interests by supporting legislators who understand and advocate for its mission. Good candidates can have superb ideas and a great message, but without money to help them get the message through, they have no chance to convince voters they are right for the job. CORROSION PAC uses its funds to support those who understand corrosion issues and are supportive of the corrosion control industry.
CORROSION PAC is an advocacy group formed in accordance with U.S. FEC regulations; the CORROSION PAC Board is a committee that reports to the Board of the NACE International Institute, a nonprofit trade organization known as a 501(c)6 in the U.S. The main purpose of the Institute is to conduct certification activities and other trade-related facets of the corrosion industry, including advocacy in the U.S. USA members of the Institute may participate in CORROSION PAC activities. Though a committee of the Institute, the activities of the CORROSION PAC are self-funded and not financed by the Institute.
NACE International, The Corrosion Society, is a U. S.-based 501(c)3 nonprofit organization focused on public education in general. NACE International and the Institute may collaborate on issues related to professional certification but each has its own Board of Directors and independent programs. NACE International and CORROSION PAC are not affiliated. Many industry professionals do participate in all three of these NACE organizations.