Platner's campaign working to navigate exit from consequential Maine race, sources say

[pat_k]

14. There is no mechanism to transfer more than $2000 to the new nominee.

He had about 2 million a/o 5/20, plus whatever was raised since then, and minus whatever was spent.

The money that had been earmarked for him by the Senate Majority PAC (24 million in ad buys) and DSCC will presumably go to the new candidate.

And the new nominee will reportedly be chosen via state caucuses or "popup" convention the weekend of 7/25, so there is no coordinating to be done at this point.

https://wgme.com/news/local/what-happens-to-graham-platners-campaign-funding-if-he-drops-out-of-the-senate-race-maine-democrat-susan-collins-federal-election-commission

According to the latest data from the Federal Election Commission, as of May 20, Platner has raised more than $16 million since last July. He managed to spend more than $14 million of that, leaving just over $2 million in the bank. Now the big question is: if he decides to drop out of the race, what happens to that money and whatever else he may have raised over the last month?
...

Under guidelines by the FEC, a candidate who drops out does have control over leftover funds.

The candidate can return the money to donors, transfer up to $2,000 per election to other federal, state, local or foreign candidates or donate to charitable organizations.