This is absolutely not true. The DNC can do whatever the fuck they want with presidential campaign money. It’s a donation to a private organization. There’s no contract unless a big donor insists.
That’s an oversimplification. The Biden campaign has around $240 million on hand. If Harris becomes the presidential nominee, her campaign inherits the entire $240 mil.
If another person becomes the nominee, the Biden campaign could refund contributions so they can be sent to the new campaign directly. Otherwise, they are permitted to transfer as much as they want to the DNC.
But the DNC can’t spend the money however they like. They can spend an unlimited amount supporting the new candidate independently (running ads, oppo research, etc), but there is a limit to how much they can spend in coordination with the campaign. For example, if they rent a venue for the candidate, that must be coordinated with the campaign and therefore counts towards coordinated expenditures. The coordinated expenditure limit per presidential cycle is $32.3 million.
And if they want to give directly to the campaign, that is even more limited. A political committee can only give $5,000 dollars per campaign per election cycle. Anything more than that would have to go to some kind of Super PAC which also has limits in what it can do in direct coordination with a campaign (though it gets fuzzier because Super PACs are tantamount to political money laundering in my opinion).
So no, if the DNC gets the money, they can’t just give it to whatever campaign they like. The limitations are not due to any contractual obligation when donating the funds, but rather US political rules on how presidential campaigns are allowed to receive money.
This is absolutely not true. The DNC can do whatever the fuck they want with presidential campaign money. It’s a donation to a private organization. There’s no contract unless a big donor insists.
That’s an oversimplification. The Biden campaign has around $240 million on hand. If Harris becomes the presidential nominee, her campaign inherits the entire $240 mil.
If another person becomes the nominee, the Biden campaign could refund contributions so they can be sent to the new campaign directly. Otherwise, they are permitted to transfer as much as they want to the DNC.
But the DNC can’t spend the money however they like. They can spend an unlimited amount supporting the new candidate independently (running ads, oppo research, etc), but there is a limit to how much they can spend in coordination with the campaign. For example, if they rent a venue for the candidate, that must be coordinated with the campaign and therefore counts towards coordinated expenditures. The coordinated expenditure limit per presidential cycle is $32.3 million.
And if they want to give directly to the campaign, that is even more limited. A political committee can only give $5,000 dollars per campaign per election cycle. Anything more than that would have to go to some kind of Super PAC which also has limits in what it can do in direct coordination with a campaign (though it gets fuzzier because Super PACs are tantamount to political money laundering in my opinion).
So no, if the DNC gets the money, they can’t just give it to whatever campaign they like. The limitations are not due to any contractual obligation when donating the funds, but rather US political rules on how presidential campaigns are allowed to receive money.
Source: https://www.usnews.com/news/national-news/articles/2024-07-19/what-happens-to-bidens-campaign-money-if-he-drops-out
I wondered…
Yet, you never asked.