(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.