Liberal Forum

MR-7 » 03 Jul 2024, 1:02 pm » wrote: ↑

03 Jul 2024, 1:02 pm

If a presidential candidate dropped out of the race, they would first need to repay all of their campaign vendors, and if the campaign ended before their parties’ respective conventions, where they officially select a nominee, they would have to refund all contributions designated to be used in the general election, elections lawyer Brett Kappel told Forbes.

• After that, Biden or Trump could try to use any leftover money to support their party’s new candidate—but campaign finance laws only allow them to transfer $2,000 directly to another federal campaign, so the vast majority of their eight-figure war chests would need to be given to other groups like political parties or PACs, a complicated process.

What Happens To Biden—Or Trump’s—Campaign Cash If They Drop Out? (msn.com)

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