The governmental body that regulates political action committees (pacs)

The Federal Election Commission or FEC

The Federal Election Commission regulates campaign finances during elections. It is classified as an independent regulatory agency. This Commission began as the Federal Election Campaign Act. Through amendments to this Act, the Federal Election Commission was established in 1974. The purpose of the Commission is to disclose campaign finance information, enforce limits and prohibitions on certain contributions, and to have oversight in the financing of presidential elections.