What would happen to Biden’s campaign cash if he drops out? That’s up to Kamala Harris
What would happen to Biden’s campaign cash if he drops out? That’s up to Kamala Harris
Some campaign finance experts say Harris could use the tens of millions of dollars in Biden’s campaign account if she became the Democratic nominee.
This is the best summary I could come up with:
Biden has not given any indication he will end his re-election bid after a stumbling debate performance last week.
“This has this unique twist to it with Harris still being a part of the campaign and being considered part of the campaign from the get-go,” said Kenneth Gross, a senior political law counsel at Akin Gump and former associate general counsel for the Federal Election Commission.
Gross said he was unsure if Harris would be unable to access the funds if she remained the party’s vice presidential nominee without Biden.
Claire Rajan, a former FEC litigation attorney who leads Allen & Overy’s political law group, also agreed Harris could likely access the funds as the party’s presidential nominee, but was doubtful she could do so as the running mate to a different standard-bearer.
The Biden campaign could also refund donors’ contributions, who could in turn donate to a new candidate.
Rajan and Gross also noted that if Biden steps aside, the funds could be transferred to a charity or a super PAC, which would not be able to coordinate with the campaign.
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