DeSantis Campaign Kicks Off Campaign Finance Gymnastics
Florida Governor Ron DeSantis formally announced his campaign for the presidency on Wednesday night, meaning he can begin accepting donations to “Ron DeSantis for President.” However, he already has $86 million stored in the “Friends of Ron DeSantis” PAC, which was used to finance his campaign for governor. Thanks to a loophole in campaign finance laws, DeSantis will be able to transfer those funds to a separate PAC, allowing him to re-purpose funds and dodge the FEC rules surrounding transfers from nonfederal committees. This maneuver is hardly new, but it illustrates the weakness of existing campaign finance regulations in a post- Citizens United America.
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