What Happens to the Leftover Campaign Money? [View all]

[Her Sister]

https://gobling.wordpress.com/2016/04/09/what-happens-to-the-leftover-campaign-money/

Independent Senator Bernie Sanders is sitting on millions in campaign funds for his run for the presidency. He also faces the nearly impossible goal of gaining the Democratic nomination. So when his bid comes to its conclusion, what will he do with those millions?

There’s no clear answer but one possibility just might land a Republican in the White House.

Candidates whose campaigns end unsuccessfully are not required to disperse the donations. These funds may sit in their campaign account indefinitely. However, when failed candidates dispose of these funds, they must follow a set of regulations embodied in the 1989 Ethics Reform Act and detailed in Chapter 11 of the Code of Federal Regulations. A simplified version of those regulations is listed below.

REGULATED USE OF EXCESS CAMPAIGN DONATIONS

1. Funds cannot be used for personal use.
2. Funds may be used to pay campaign bills and debts.
3. Funds may be returned to contributors.
4. Funds may be donated to a charity.
5. Funds may be donated to a political party.
6. Funds may be donated to a political candidate.

As of this writing, Bernie Sanders’ principal campaign fund shows $17 million cash-on-hand. That amount will change as more reports come in to the FEC, showing both added donations as well as disbursements. So the cash-on-hand may rise or dip.

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