ABC News has learned that Bachmann, R-Minn., also is seriously weighing whether to seek the Republican nomination for president in 2012.

A source close to the three-term congresswoman said Bachmann will travel to Iowa this month for multiple meetings to seek advice from political forces there and party elders close to the caucus process before coming to a final decision regarding a potential presidential run. Bachmann, a native of Waterloo, Iowa, also is set to deliver a keynote speech at an Iowans for Tax Relief PAC fundraiser Jan. 21 in Des Moines, Iowa.

According to an invitation to the fundraiser obtained by ABC News, tickets cost $25 per person or $40 per couple, and donors are able enhance their standing by coughing up $1,000 to become an honorary “host” or by donating $250 to become a “watchdog.” Proceeds from the fundraiser will go to the Iowans for Tax Relief PAC, a political action committee working to elect pro-taxpayer Iowa legislators.