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Donald Trump teased a presidential bid, but it’s Stephen Colbert who’s getting serious about the way they are financed.

He filed papers on Friday with the Federal Election Commission to ask them to issue an advisory opinion on whether his “super PAC” would qualify for a media exemption. His plans to start raising money for the PAC are really a riff on the loosened campaign finance rules in the wake of the Supreme Court’s Citzens United decision. As the Center for Responsive Politics reported, the media exemption “would allow him to report on the activities of his organization without having to disclose any in-kind contributions from his parent company, Viacom.” Colbert plans to use the money from the superPAC — which allows him to raise unlimited sums, corporate or non-corporate — for TV spots.

But Eriq Gardner reports at THR Esq that the FEC’s decision could shape the PACs of several Fox News commentators like Karl Rove, particularly if Colbert does not qualify for a media exemption.

News Corp. already is responding to concerns about its campaign contributions in the current cycle. Their board of directors decided last month to publicly disclose all of its corporate political contributions on its website, even though they may not be required to do so if they give to certain 501(c)(4) committees.

Colbert said to the horde who showed up at the FEC: “There’s some who don’t want you to have Colbert Super PAC. But you know what? I am not willing to ride on the back of the bus!”

Video of Colbert’s trip to the FEC is below.

 

McCain Reveal: Entertainment Weekly has the frist shot of Ed Harris as John McCain in HBO’s adaptation of “Game Change” here. Pretty uncanny.