Categories: World

What Happens to the $91 Million: Kamala Harris’s Possible Takes on Biden’s Presidential Campaign Funds

Kamala Harris, the Vice President of the United States, has been a staunch supporter of President Joe Biden after his poor performance in a recent debate. She has also emerged as a potential candidate to lead the party if Biden decides not to continue his campaign.

One significant question that arises is what would happen to the $91 million in cash available to the current campaign and the $240 million in cash accessible to the reelection effort when including allied Democratic organizations.

If Biden were to drop out of the race, Harris could potentially take over the campaign funds, with some limitations. Donors may only receive refunds if approved by the campaign team, as once a donor makes a gift, they relinquish any rights to those funds.

If neither Biden nor Harris become the party’s nominee, the campaign team would have to return all the money. Donations intended for the primaries won by Biden would remain with the campaign, and if the account were to become a political action committee, there would be limits on transferring funds to a new candidate.

In addition to presidential campaign options, the Biden-Harris funds could potentially be transferred to Democratic committees to support House and Senate candidates or be used for charitable donations, causes or issues that align with their views.

Ultimately, several factors will determine how these funds will be utilized, including whether either Biden or Harris continues their candidacy and how decisions are made by their respective teams and donors.

Samantha Johnson

As a passionate content writer at newschemical.com, my name is Samantha Johnson. With a background in journalism and a keen eye for storytelling, I craft compelling articles that captivate and inform our readers. From breaking news to in-depth features, I strive to deliver content that is not only engaging but also insightful. With a love for words and a dedication to accuracy, I work diligently to keep our audience informed and engaged with the latest stories and trends. Join me on this journey through the world of news and knowledge at newschemical.com.

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