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Requirements for a candidate to be declared eligible for funding under the Presidential Election Campaign Fund include agreeing to an overall spending limit, abiding by spending limits in each state, using public funds only for legitimate campaign-related expenses, keeping financial records, and permitting an extensive campaign audit.
Overview of campaign financing for presidential candidates in September 2024 Candidate Total raised Total raised since last quarter Individual contributions Debt Spent Spent since last quarter Cash on hand Total Unitemized Pct; Harris [5] $928,210,236 $221,800,946 $437,468,126 $162,848,775 37.2% $0 $773,176,093 $269,813,057 $187,471,148 Trump [6]
In the run-up to the 2024 U.S. presidential election, President Joe Biden, Vice President Kamala Harris, and former President Donald Trump have collected more than $1 billion each from a variety ...
"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). [12] "Dark money": spending to influence elections where the source of the money is not disclosed to voters (see below). [13]
In 2005, amid a federal investigation into bribery allegations against former California Rep. Randy “Duke” Cunningham, the FEC permitted the use of his campaign funds to pay legal expenses ...
Unlike the current Presidential election campaign fund checkoff, the decisions regarding who gets that money would be made by individual citizens. Lessig also supports systems to provide tax rebates for such contributions or to match small dollar contributions such as the system in New York City that provides a 5-to-1 match for contributions up ...
Biden’s campaign has significantly outraised Trump so far during this presidential cycle, with Biden’s campaign closing February with $71 million in the bank compared to Trump’s $33.5 million.
The bill would impose strict controls for campaign fund raising. Later in 1988, legislative and legal setbacks on proposals designed to limit overall campaign spending by candidates were shelved after a Republican filibuster. In addition, a constitutional amendment to override a Supreme Court decision failed to get off the ground.