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Vice President Mike Pence waves to the audience after addressing the World Summit in Defense of Persecuted Christians hosted by Franklin Graham, and the Billy Graham Evangelistic Association, Thursday, May 11, 2017, in Washington. (AP Photo/Cliff Owen)

Mike Pence created his own political action committee

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Vice President Mike Pence filed to create a new political action committee on Wednesday, called the Great America Committee, ahead of the 2018 and 2020 elections, reports NBC News.

Funds from the PAC can be used to further the GOP effort to keep hold of Congress in the coming years. For instance, money from the Great America Committee can be used to cover the costs associated with Pence flying across the country on Air Force 2 to campaign for different GOPers. 

The PACs creation is the first time that a sitting vice president has filed to create a separate political arm. 

Pence's PAC will be able to accept donations from individuals of up to $5,000. Pence will also be able to transfer his old political profiles on donors, digital platforms, and other campaign data into his new PAC. 

A few on social media think the move signals something about Pence's future political goals.

Sources close to the vice president, however, say the PAC's formation has nothing to do with Pence aiming any higher on the political totem pole. 

"Don't read into 2020 as anything other than his running for re-election as vice president in 2020 and supporting other candidates," a source close to the deal told NBC.

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