Political Action Committees (PACs) play a significant role in American elections by raising and spending money to influence electoral outcomes. They are formed by various organizations, including corporations, labor unions, and interest groups. PACs may contribute directly to candidates' campaigns, but they also engage in independent expenditures to advocate for particular issues or candidates. Understanding the regulations governing PACs and their impact on political participation is essential for evaluating their role in the democratic process.

Which of the following statements best describes a characteristic of Political Action Committees (PACs) in relation to their influence on elections?