Sen. Elizabeth Warren took a shot at other candidates and out-of-control campaign spending during the debate before the New Hampshire primary.

"Everyone on this stage except Amy (Klobuchar) and me is either a billionaire or is receiving help from PACs that can do unlimited spending," said Warren, D-Mass., Feb. 7.

The question of who is funding the Democratic candidates is a longtime issue for Democratic primary voters. Warren’s assertion distanced her from billionaire candidates and from candidacies aided by donors who can give unlimited amounts.

Warren is basically right about her rivals’ connection to unlimited political spending. However, we found that a different type of group is supporting her in similar ways.

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The terminology can be confusing, so let’s clarify the definitions.

Political action committees, or PACs, are vehicles for politically active individuals to pool their money and spend it in political campaigns. There are dollar limits on how much individual donors can give to a PAC and how much PACs can spend on behalf of a given candidate.

A “super PAC,” by contrast, has fewer restrictions. Super PACs, which proliferated after the Supreme Court’s ruling in the Citizens United case, can raise and spend unlimited amounts, as long as they don’t directly coordinate with candidates or party committees. Super PACs are often, though not always, established and run by a candidate’s former close aides.

Super PACs, like regular PACs, publicly disclose their receipts and expenditures to the Federal Election Commission, though they sometimes get big donations from nonprofits, which don't have to disclose their donors. So tracking super PAC funding sources still leaves gaps.

We’ll note that Warren didn’t say "super PAC" in her debate claim, but she clarified in a subsequent tweet that that’s what she was referring to.

Who does Warren say has a super PAC?

When we checked with the Warren campaign, they provided a list of candidates on the debate stage in New Hampshire. Warren’s list is essentially accurate:

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Joe Biden: Unite the Country (super PAC)

Pete Buttigieg: VoteVets Action Fund (super PAC)

Bernie Sanders: National Nurses United super PAC, and Our Revolution

Andrew Yang: Math PAC (super PAC)

Tom Steyer: He’s a billionaire. No super PAC

Amy Klobuchar: She’s neither a billionaire nor a super PAC beneficiary

Yang and Biden both benefit from groups that were created specifically to support their campaigns.

Yang benefits from the Math PAC, a play on Yang’s catchphrase, which he says stands for "Make America Think Harder." The super PAC, founded by Democratic operative Will Hailer, reported spending $358,381 through Feb. 10.

The pro-Biden Unite the Country super PAC, chaired by former Biden aide Mark Doyle, has spent almost $6.5 million, according to disclosures reported to the Federal Election Commission through Feb. 10. That includes extensive expenditures in the early primary and caucus states of New Hampshire, Nevada and South Carolina, the Hill newspaper reported.

The super PAC that supports Buttigieg is slightly different. VoteVets was established in 2006, when Buttigieg was still a Rhodes Scholar at Oxford University, rather than being purpose-built for his candidacy. Because VoteVets endorsed Buttigieg, a former Navy reservist, the group can use its super PAC on his behalf. It has purchased television advertising to support Buttigieg, the Washington Post reported.

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Sanders, meanwhile, benefits similarly from the super PAC affiliated with National Nurses United. Like VoteVets for Buttigieg, National Nurses United existed before Sanders’s presidential campaigns and has endorsed him.

Sanders also has the support of a different group, Our Revolution, that was created by Sanders aide Jeff Weaver and was headed for a period by former Ohio state Sen. Nina Turner, another Sanders ally. It isn’t a PAC or super PAC — it’s a 501(c)4 "social welfare" organization, which means that it is overseen by the Internal Revenue Service rather than the Federal Election Commission. But it has some similarities with super PACs.

A 501(c)4 can accept unlimited donations, but it can’t allocate more than half of its spending toward political advocacy. And like super PACs, such groups do not have to disclose their biggest donors. (Our Revolution posts the names of donors, but not the amounts.) In addition, Our Revolution cannot formally coordinate with a candidate it supports. Our Revolution has also supported a variety of other candidates, not just Sanders.

What about Warren?

Warren has the support of an organization that’s affiliated with a 501(c)4 group, the same kind of group as Our Revolution.

The Progressive Change Campaign Committee has backed Warren over her political career. Currently, the group has Warren in the first slot on the "candidate" page on its website.

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While the Progressive Change Campaign Committee is not a super PAC, it is affiliated with the P Street Project, a 501(c)4 group. This means that Warren has the support of a group that, like a super PAC, can accept unlimited donations. It also doesn’t have to disclose its donors.

Our ruling

Warren said, "Everyone on this stage except Amy (Klobuchar) and me is either a billionaire or is receiving help from PACs that can do unlimited spending."

She has a point that Steyer is a billionaire and that Biden, Buttigieg, Sanders and Yang are each supported by a super PAC. Some of the super PACs started for the 2020 presidential campaign; some existed beforehand.

That said, Warren has the backing of a group that has an affiliate organized under section 501(c)4 of the tax code, which allows it operate in much the same way as a super PAC does, even if it isn’t technically a super PAC.

We rate the statement Mostly True.