Campaign Funds Accountability: No Personal Gain After Elections
New rules require political campaign committees and leadership PACs to disburse unspent funds after elections. This aims to prevent the use of these funds for personal gain, especially if a candidate becomes a lobbyist or foreign agent. Citizens can expect greater transparency in political financing.
Key points
Unspent campaign money must be returned to donors, given to charities, or transferred to political parties.
Prohibition on disbursing unspent campaign funds to close relatives of the candidate, unless it's for documented committee obligations.
Former candidates who become lobbyists or foreign agents must certify compliance with fund disbursement rules under penalty of perjury.
Changes take effect for federal elections held in November 2024 and subsequent elections.
Status:
Expired
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