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.
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