A coalition of good governance organizations is calling on 2024 presidential candidates to regularly disclose their largest campaign financing methods, also known as “bundlers.”
Individual contributions to presidential campaigns are limited to $6,600 per candidate per election cycle, with $3,300 each in primary and general elections. But Bundler can use that network to organize and raise hundreds of thousands of dollars (if not millions) for candidates and receive coveted presidential appointments in return. It happens often.
Candidates are not legally required to disclose a list of their top campaign fundraisers unless the individual is an active registered federal lobbyist. Without voluntary disclosure, the opaque nature of the bundles obscures the full picture of money flowing into presidential campaigns.
“Government accountability depends on transparency in the campaign finance system, and that includes transparency regarding presidential campaign donors,” the coalition said. wrote in a letter The remaining Democratic and Republican presidential candidates were each joined by independent candidate Robert F. Kennedy Jr.
“Introducing a robust bundler disclosure system that publicly displays information about all individuals who have raised more than $50,000 for their campaigns will demonstrate our commitment to transparency as we pursue our party’s presidential nomination.” It will help show you.”
The letter was signed by 14 organizations across the political spectrum: American Promise, Business for America, Campaign Legal Center, Common Cause, Democracy 21, Issue One, League of Women Voters of America, and Michigan Campaign Finance Network. , National Law and Policy Center, OpenSecrets, Project On Government Oversight, Public Citizen, RepresentUs, Take Back Our Republic Action.
The group sent similar letter This was communicated to presidential candidates in October.
Democrats and Republicans have long embraced voluntary disclosure, including former Presidents George W. Bush and Obama, 2008 Republican presidential candidate John McCain, and 2016 Democratic presidential candidate Hillary Clinton. It's here.
President Biden and Vice President Harris have released some information about their campaign donors ahead of the 2020 general election. NBC News reported in his September that the Biden campaign is at least 4 layer bundler Depending on how much money someone raises for their 2024 campaign, they will receive “sweeteners” such as invitations to events with the president and vice president.
The Trump campaign has at least seven bundling committees. Pac News reported Earlier this month, levels range from $15,000 “Trump Force” to $1 million “Ultra MAGA.”
The coalition called on campaigns to disclose bundlers by the next campaign finance reporting deadline and in subsequent reports. Presidential candidates are scheduled to submit their year-end reports to the Federal Election Commission (FEC) by January 31st.
Taylor Giorno previously worked at OpenSecrets.
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