Monday, January 15, 2007

Obama fundraising

Interesting tidbit from a draft Obama committee run by ActBlue. This is a group that is raising funds in advance of a potential presidential announcement by Sen. Obama... what struck me was the legality issue in the FAQ:
The process for collecting contributions to undeclared presidential candidates is new to this election cycle. The Federal Election Commission ruled on November 9, 2006 that ActBlue could legally collect earmarked funds for undeclared presidential candidates and hold those donations in individual escrow accounts. To see the ruling, click here (PDF).
It's interesting that campaign fundraising has moved into the hypothetical... give money to this candidate through us, but if he/she doesn't run, your contribution will go to another entity that you'll probably support. In this instance, that other entity is the DNC. What happens if a person gives a contribution to Obama here, and subequently maxes out on a contribution to the DNC? If Obama chooses not to run, would the individual be subject to FEC fines for an over-contribution to the DNC when ActBlue slides the pile over to the DNC? Whether that's the outcome or not, it's a pretty extreme hypothetical (lots of ifs and maxed contributions). Still, we're talking campaign finance law here... it's all about extreme hypotheticals coming to light...

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