Spending target: Unknown
The House Majority PAC was founded in April 2011 by Alixandria Lapp, a former Democratic Congressional Campaign Committee official (and wife of Democratic consultant John Lapp). It was one of several super PACs formed by Democrats in response to the heavy spending by conservative organizations in the 2010 midterm elections, when Republicans took control of the House. The PAC says it is focused on “holding Republicans accountable and helping Democrats win seats in the House.”
As a super PAC, it can take donations of any size from individuals, labor unions and corporations, but must disclose its donations and expenditures periodically in reports to the Federal Election Commission. During the 2012 cycle, House Majority PAC raised $35.8 million and spent $30.4 million on independent expenditures (which are funds spent on advertising and other forms of communications for or against candidates).
Chicago media mogul Fred Eychaner, chief executive officer of Newsweb Corporation, was the PAC’s biggest individual donor in 2012. Eychaner, a longtime Democratic donor, contributed $4.25 million over the election cycle. Billionaire hedge fund investor James H. Simons, founder of Renaissance Technologies and president of Euclidean Capital, contributed $1.5 million, and George Soros, chairman of Soros Fund Management, donated $675,000.
The super PAC also received money in 2012 from a number of unions. The Carpenters & Joiners Union, the Laborers’ Union and the International Brotherhood of Electrical Workers each donated more than $1 million. The American Federation of Teachers, the National Association of Letter Carriers and the Service Employees International Union each contributed more than $600,000.
In advance of the 2014 midterm elections, House Majority PAC had raised about $7.4 million in 2013, according to the PAC’s year-end report. Among the top donors: George Marcus, a co-founder of the real estate investment firm Marcus & Millichap; Bernard L. Schwartz, chairman and CEO of BLS Investments; and hedge fund manager S. Donald Sussman, founder of Paloma Partners. All three gave $250,000 each in the first six months of 2013. The PAC spent about $1 million on independent expenditures in 2013, nearly all of it to oppose Republicans. In 2014, the PAC began to spend money defending Democratic incumbents, as part of its effort to go head-to-head with the conservative Americans for Prosperity.
Fact-checking House Majority PAC:
Whistle-blower? Not so much, Jan. 17, 2014
Real People Really Misleading in Florida, Feb. 21, 2014