Cite as: 558 U. S. ____ (2010) 21 Opinion of the Court tial candidate in light of that candidate’s defense of free speech. These prohibitions are classic examples of censorship. Section 441b is a ban on corporate speech notwithstand ing the fact that a PAC created by a corporation can still speak. See McConnell, 540 U. S., at 330–333 (opinion of KENNEDY, J.). A PAC is a separate association from the corporation. So the PAC exemption from §441b’s expendi ture ban, §441b(b)(2), does not allow corporations to speak. Even if a PAC could somehow allow a corporation to speak—and it does not—the option to form PACs does not alleviate the First Amendment problems with §441b. PACs are burdensome alternatives; they are expensive to administer and subject to extensive regulations. For example, every PAC must appoint a treasurer, forward donations to the treasurer promptly, keep detailed records of the identities of the persons making donations, preserve receipts for three years, and file an organization statement and report changes to this information within 10 days. See id., at 330–332 (quoting MCFL, 479 U. S., at 253– 254). And that is just the beginning. PACs must file detailed monthly reports with the FEC, which are due at different times depending on the type of election that is about to occur: “ ‘These reports must contain information regarding the amount of cash on hand; the total amount of re ceipts, detailed by 10 different categories; the identifi cation of each political committee and candidate’s au thorized or affiliated committee making contributions, and any persons making loans, providing rebates, re funds, dividends, or interest or any other offset to op erating expenditures in an aggregate amount over $200; the total amount of all disbursements, detailed by 12 different categories; the names of all authorized

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