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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSomeone please enlighten me..
When a candidate wins, or loses... if there is any CASH left over, what happens to it? Is there a law required it be returned to the
Party of the candidate? Do they keep the money? They can't return donations can they? IF its a huge sum of money, there must be some left over... what happens to it?
Thanks!!
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Someone please enlighten me.. (Original Post)
AsahinaKimi
Jul 2012
OP
Some might use it to ship jobs overseas, they may hide it in Swiss accounts or put it
2on2u
Jul 2012
#1
Excellent question. 'Anything they want' may be the answer, see these articles...
PoliticAverse
Jul 2012
#6
2on2u
(1,843 posts)1. Some might use it to ship jobs overseas, they may hide it in Swiss accounts or put it
out of reach in the Caymans.
PoliticAverse
(26,366 posts)2. They keep it. There are restrictions as to what it can be used for...
AsahinaKimi
(20,776 posts)3. ooh thanks
That was helpful.. especially:
"What candidates cant do with leftover money is use it for personal expenses. Retiring federal lawmakers used to be able to pocket extra cash and use it for cars, vacations, clothes, pet grooming, whatever but that changed in 1989 with the passage of the Ethics Reform Act."
PoliticAverse
(26,366 posts)5. As to state rules the FEC has a handy chart...
arcane1
(38,613 posts)4. I've been wondering that about superPACs as well n/t
PoliticAverse
(26,366 posts)6. Excellent question. 'Anything they want' may be the answer, see these articles...