The Splitsider spoke with Paul Ryan, the Associate Legal Council of the Campaign Legal Center about the ramifications of Colbert’s Super PAC. In the interview, he clarifies the legal jurisdiction of “Americans for a Better Tomorrow, Tomorrow”. In summary, Colbert can raise an infinite amount of money from an infinite amount of sources. However, he has to disclose if Viacom makes contributions or produces content for the Super PAC. Pretty Baller.
"Yes, Colbert Super PAC, and any other Super PAC, is free to receive unlimited contributions from Viacom, any other corporation, or any individual — and to do whatever it wants with the money, including producing commercials and airing them through any media outlet. Again, this Colbert Super PAC matter entailed no restrictions whatsoever. Colbert Super PAC is free to raise as much money as it can from any source, including Viacom’s unlimited in-kind contributions, and do whatever it wants with that money. Its ability to do so was never in question. Instead, the question was whether Colbert Super PAC has to disclose where it’s getting its money and in-kind financial support.”