The Federalist Society for Law and Public Policy Studies will hold a panel discussion Wednesday to discuss the possible impact of 527 organizations on the upcoming state and federal elections.

A 527 organization is a tax-exempt organization under federal tax code. The term often refers to advocacy groups, such as MoveOn.org and the Swift Vets and POWs for Truth, that avoid regulation by the Federal Election Commission and state elections.

It is illegal for such groups to coordinate advertising with campaigns.

The panel will include Republican consultant Carter Wrenn, Democratic consultant Brad Crone, N.C. Board of Elections Chairman Larry Leake and election law attorney James Bopp. WRAL-TV anchor David Crabtree will moderate.

The event will begin with a 5:30 p.m. reception at the Cardinal Club in Raleigh. The panels will be from 6:15 to 8 p.m. For more information, contact phil.strach@ogletreedeakins.com.