What Happens to Biden's Campaign Funds if He Bows Out?

President Joe Biden's campaign cash is a hot topic. If he decides not to run again, Vice President Kamala Harris could take over the $91.2 million war chest. This was discussed during a tense call between Biden's campaign aides and donors. Biden's campaign manager, Julie Chavez Rodriguez, said Harris would control most of the money if Biden steps down. But this depends on Harris becoming the Democratic presidential nominee. Campaign finance experts agree, but there's uncertainty if she stays as the VP with a new nominee. The funds could also be turned into a political action committee (PAC) or returned to donors. Another option is transferring the money to a charity, a super PAC, or the national party.

Campaign finance laws are complex. They allow a vice presidential candidate to use campaign funds if they become the presidential nominee. But a unique scenario like this might need Federal Election Commission (FEC) guidance. Experts agree Harris could access the funds if she becomes the nominee. But if she remains the VP, things get tricky. The campaign could seek an FEC opinion to clarify this. In the end, what happens to Biden's campaign money depends on who becomes the Democratic nominee and what the FEC says. It's a complicated situation that's being closely watched.

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