Check out the Stephen Colbert Super PAC approval speech above and the full rundown of the committee room action below.

During his speech to a cheering crowd, Colbert announced, “I am a Super PAC and so can you!”

Colbert joked, “I don’t accept the status quo. I do accept Visa, Mastercard or American Express.”

The FEC allowed Stephen Colbert to form his own Super PAC, which allows “corporations, unions and individuals the right to donate unlimited funds to outside groups to campaign for or against candidates.”

Colbert quipped, “There are some who say what will you do with that money. I say give it to me and we’ll find out!”