# Jeff Yass 3M to Protect Freedom PAC On **2026-10-12**, [[Protect Freedom PAC]] filed its **Q3 2026 Form 3X** (file **2019765**, received 2026-10-12, signed by treasurer [[Paul Kilgore]]) and itemised a single **$3,000,000.00** contribution from **[[Jeff Yass]]** of [[Susquehanna International Group]], received **2026-09-21**. The row's running aggregate reads **$5,000,000.00**, so Yass has given the committee **$5,000,000.00 in the 2026 cycle**, of which **$2,000,000.00** was disclosed in an earlier period. It is the largest single individual contribution this sweep has recorded on the Republican side of the 2026 cycle outside the Texas Senate programme, and it clears the Deals **§7** individual-contribution floor on its own. ## Terms | Item | Detail | |---|---| | Contributor | **Yass, Jeff**, 401 East City Avenue, Bala Cynwyd, PA 19004 — employer **SIG**, occupation **Managing Director** | | Recipient | **Protect Freedom Political Action Committee**, FEC committee **C00657866**, 196 Alps Rd Ste 2-244, Athens GA 30606 | | Committee type | **Super PAC (Independent Expenditure-Only)**, unauthorized, first filed 2017-10-11 | | Amount | **$3,000,000.00** | | Contribution date | **2026-09-21** | | FEC line | **SA11AI** — Line 11(a)(i), itemised contribution from an individual (not a Line 17 other receipt) | | Aggregate on the row | **$5,000,000.00** election-cycle-to-date | | Disclosed | **Form 3X (`F3XN`), Q3 2026**, coverage 2026-07-01 to 2026-09-30, file **2019765**, received **2026-10-12**, signed by treasurer **Paul Kilgore** 2026-10-12 | | Memo code | **none** — field 42 empty, so this is live money and not a breakout of a row counted elsewhere (Rule 4d) | | Amendment status | **original** (`F3XN`), not an amended form (Rule 4a / Rule 4g) | ## What the filing establishes about the committee The same document reconciles to the cent, which is the check Rule 2 requires before any cash figure is published: | Form 3X summary line | Period (Q3 2026) | Cycle to date | |---|---|---| | Cash on hand, opening | $434,654.77 | $5,052,665.40 | | Total receipts | **$3,139,284.53** | **$5,246,520.53** | | Subtotal | $3,573,939.30 | $10,299,185.93 | | Total disbursements | $933,161.89 | $7,658,408.52 | | Cash on hand, close | **$2,640,777.41** | **$2,640,777.41** | **$3,000,000.00 of $3,139,284.53 — 95.56% of the committee's entire quarter of receipts — is this one contribution.** The remainder is a $138,690.53 Line 11(c) item and a tail of small-dollar individual contributions in the hundreds of dollars. ## Independent expenditure on the same document The Q3 report carries **eight Schedule E lines totalling $670,350.82**. 🔴 **Six of those eight lines, $624,066.00 — 93.10% — restate expenditures already disclosed on this committee's own prior Form 24 notices** (files 2015658, 2006776, 2006327, 2006333), diffed with `_meta/_tools/rule4h_diff.py` under **Rule 4h**. The **first-disclosed remainder is $46,284.82 across two lines.** That matters for how this page may be read: the **$459,000.00** in this document supporting [[Scott Perry]] (PA-H) and **[[John E. Sununu]]** (NH-S) — $229,500.00 each, expenditure date 2026-09-28 — is **a restatement of file 2015658 and is not new money.** It has deliberately **not** been added to [[NH-Sen-2026]]'s outside-money log, because that log already carries it. The genuinely first-disclosed lines are small-dollar Florida House items supporting Catalina Lauf and opposing James Oberweis and Jim Schwartzel, through Advictory LLC, Conversion Creative and Engagement Strategies Inc. ## Why it matters [[Protect Freedom PAC]] is the super PAC aligned with **[[Rand Paul]]**, registered in 2017. [[Jeff Yass]] is already the vault's single most documented funder of the libertarian-adjacent Republican infrastructure — roughly **$19 million to Club for Growth Action in the 2024 cycle**, which made him [[Club for Growth]]'s largest individual funder by a wide margin, and **$8 million into a Paul-affiliated PAC** reported by Kentucky outlets in the 2024–25 period. This filing puts him at **$5,000,000.00 into the Paul vehicle in the 2026 cycle**, and it arrives in a quarter where the committee raised almost nothing else. The structural point is narrow and well-supported: **a super PAC whose quarter is 95.56% one donor is not a fundraising operation, it is a single person's spending vehicle with a committee wrapped around it.** That is a claim this document supports on its own arithmetic. ## The Athens, Georgia signature Protect Freedom PAC files from **196 Alps Rd Ste 2-244, Athens GA 30606** and is signed by **[[Paul Kilgore]]**. It is the **sixth** Kilgore committee this vault has recorded, and the first with a long filing history and eight figures of cycle activity — the other five are 2026-vintage pop-ups. It is also at a **second Athens address**, distinct from the 824 S Milledge Ave suite the vault has been tracking. > [!warning] A shared treasurer is a vendor relationship, not a funding relationship > Kilgore also signs [[Protect the Majority 2026]], the NRSC joint-fundraising vehicle for > [[John E. Sununu]] and two other Republican incumbents — and this committee has bought advertising > supporting Sununu. **That overlap is a shared compliance vendor until a shared funder, officer or > strategic actor is independently shown.** See [[Paul Kilgore]] for the full statement of the rule and why > this specific case is the clearest reason for it. ## Method notes - 🔴 **First read.** This figure comes from the **2026-10-12 tranche, swept at 21:00 ET on a receipt date still open for roughly three hours** (Rule 6, partial-day clause). The *contribution* itself is settled — it is on an original Q3 report with a September contribution date — but the tranche context around it is a first read. - The contribution is **not** affected by Rules 4a, 4d or 4g: original form code, no memo flag, no prior report covers 2026-09-21. - Rule 5: the line number is **SA11AI**, a Line 11(a)(i) itemised individual contribution. It is **not** a Line 17 other federal receipt, so it may properly be called a contribution. - Rule 10 tests all pass: arm's-length contributor, coherent employer and occupation, 2026 cycle, and a figure consistent with the contributor's documented history. ## Sources - FEC Form 3X, Q3 2026 — Protect Freedom Political Action Committee, file **2019765**, received 2026-10-12: https://docquery.fec.gov/dcdev/posted/2019765.fec - ProPublica Itemizer — Protect Freedom Political Action Committee, 2026 cycle: https://projects.propublica.org/itemizer/committee/C00657866/2026 - Kentucky Lantern — "Billionaire TikTok investor, charter school advocate puts $8 million into Paul affiliated PAC": https://kentuckylantern.com/?p=16555 ## See Also - [[Jeff Yass]] · [[Protect Freedom PAC]] · [[Rand Paul]] · [[Susquehanna International Group]] - [[Paul Kilgore]] · [[PDS Compliance]] · [[Club for Growth]] - [[Independent Expenditure]] · [[Super PACs]] · [[Dark Money]] - [[Deals Hub]]