Super PACs have been and will continue to be a thorn in the side of entrenched political interests. — Brad Smith

The third installment of the Institute for Human Studies Learn Liberty video series featuring CCP founder and former FEC chairman Bradley Smith has been released, with this video focused on busting some of the more egregious and prevalent myths about super PACs. For example, Smith notes that, contrary to popular misconception, super PACs only receive about 18% of their funding from corporations. He also tackles the disclosure issue — yes, even the dreaded 501(c)(4)s — noting that super PACs must report all donors to the FEC and (c)(4)s, while subject to less strident reporting requirements, make up only about 5.6% of total super PAC contributions. Watch the video for other myth busting action.