(CNN) - Facebook filed paperwork Monday to form a political action committee called "FB PAC," CNN has learned.
"FB PAC will give our employees a way to make their voice heard in the political process by supporting candidates who share our goals of promoting the value of innovation to our economy while giving people the power to share and make the world more open and connected," said Andrew Noyes, manager of public policy communications at Facebook.
The move comes on the same day the social networking giant sponsored an hourlong "Facebook Live" discussion with three top Republican House members: House Majority Leader Eric Cantor, House Majority Whip Kevin McCarthy and House Budget Committee Chairman Paul Ryan.
Event participants asked questions through Facebook, while the congressmen discussed the struggling economy and the role of technology in government.
- CNN's Dan Simon contributed to this report.
Another reason to not join this social experiment
Will Facebook be giving equal time to Democratic leaders?
If its gonna expose the lies and corruption of politicians,.. i'm all for it.
More likely the PAC will be used to bribe congress not to pass privacey laws as tough as Germany has.
When will our congressmen start putting advertisements on their suit coats?
I think that Facebook and Republicans make a perfect match, so it will be interesting to see who their money goes to. After all, both the Reps and Facebook believe in intruding into and ultimately controlling our private lives.
Bad choice for FB. They might loose customers... potentially half of them!
If facebook goes political it will be its downfall. This was supposed to be a social network not a political platform gathering your information for Big Brother. I for one will have no second thoughts of closing down my facebook.