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Unprecedented surge in ‘dark money’ floods 2024 elections

“Dark money” groups and shell companies are on track to steer more money from undisclosed sources to the 2023-2024 election than any prior cycle

In 2023 alone, shell companies and dark money groups injected over $162 million into political groups such as super PACs, surpassing the level of dark contributions seen at the same point in any prior election cycle, a new OpenSecrets analysis of Federal Election Commission data found.

OpenSecrets has tracked more than $2.8 billion in dark money spending & contributions reported to the FEC since the Supreme Court’s Citizens United v. FEC decision in 2010.

While federal campaign finance law requires political committees including super PACs to disclose donors to the FEC, the ultimate source of funding can be concealed behind contributions from shell companies or dark money groups, such as 501(c)(4) nonprofits that do not disclose their donors

During the 2022 election, federal political committees reported taking in $616.8 million from such donors, more than any prior midterm cycle.

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