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A: The rules governing campaign finance are designed to ensure transparency, fairness, and compliance with federal regulations. They are also complex and when a presidential candidate steps down ...
There’s a critical distinction between “leftover money” after a campaign concludes and “surplus funds.” Leftover money becomes surplus on the 90th day after the officeholder leaves the ...
Andrew Yang and Michael Bennet have ended their campaigns for president.What happens to the money they have raised, but not yet spent?The amounts could be substantial. Financial reports submitted ...
In 2007, Torricelli drew public criticism despite federal rules allowing retired officials to give leftover campaign funds to political parties, candidates and charities when his leftover campaign funds, given to the Rosemont Foundation, were not funneled back to his political party.
Campaign finance laws in the United States have been a contentious political issue since the early days of the union. The most recent major federal law affecting campaign finance was the Bipartisan Campaign Reform Act (BCRA) of 2002, also known as "McCain-Feingold".
"campaign funds" are (legally) defined by the Federal Election Campaign Act as funds "used for purposes in connection with the campaign to influence the federal election of the candidate" (see below). [11] "Dark money": spending to influence elections where the source of the money is not disclosed to voters (see below). [12]
The federal campaign finance statute, which is administered and enforced by the Federal Election Commission (FEC), prohibits federal candidates’ campaign funds from being used for personal ...
Money raised is applied for the salaries of non-volunteers in the campaign, transportation, campaign materials, media advertisements and other contingencies. Under United States law, officially declared candidates are required to file campaign finance details with the Federal Elections Commission (FEC) at the end of every calendar month or quarter.