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Your weekly newsletter on money in politics.
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August 22nd, 2019
This week in money-in-politics

New ‘dark money’ group devotes multi-million dollar budget to ads helping Democrats

[link removed] new “dark money” group funded by secret donors plans to spend almost all of its $10.4 million budget on ads helping Democrats in House races heading into 2020.

House Majority Forward was quietly incorporated in March but operated under the radar until its public launch in July as a new 501(c)(4) arm of House Majority PAC, the Democrats’ flagship super PAC for congressional races that is closely aligned with Democratic House Speaker Nancy Pelosi.

Unlike the super PAC, HMF can keep its donors, as well as many details of its activities and finances, hidden from the public.

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** Trump primary challengers would face big money problem
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Former Rep. Joe Walsh (R-Ill.) is the latest Republican to reportedly consider a primary challenge to President Donald Trump in 2020. He is likely to encounter the same challenge that other would-be Republican primary contestants face: The groups that once supported him now overwhelmingly back Trump. Read more ([link removed])
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** Trump-tied operatives register as foreign agents of Libyan wealth fund
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Michael Cohen’s former lawyer and the political strategist reportedly behind Donald Trump’s famous escalator descent launching his 2016 presidential campaign are working as foreign agents for a sovereign wealth fund managed by the government of Libya as it seeks to regain access to billions of dollars in assets. Read More ([link removed])
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** Ryan Zinke-linked PACs still raising money — and spending it questionably
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Ryan Zinke resigned from his Interior secretary post in December amid ethics investigations and wrath from the White House. But his leadership PAC, along with an obscure network of dubious PACs, continued to funnel donor money to closely tied political consultants. Read More ([link removed])

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Super PACs are back for the 2020 cycle
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Technically known as independent expenditure-only committees, super PACs may raise unlimited sums of money from corporations, unions, associations and individuals, then spend unlimited sums to overtly advocate for or against political candidates. Unlike traditional PACs, super PACs are prohibited from donating money directly to political candidates, and their spending must not be coordinated with that of the candidates they benefit.

As of most recent filings, 1,444 groups organized as super PACs have reported total receipts of just under $165 million and total independent expenditures of $7.3 million in the 2020 cycle.

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OpenSecrets in the News

See where we've been cited by media outlets around the nation this week.

* ** Rival gun groups look to fill the NRA's void (Politico) ([link removed])
As the National Rifle Association flounders, some upstart pro-gun groups see an opportunity to become the nation’s most influential gun rights organization.

* ** Mystery money boosts campaign to limit Florida ballot measures (Tampa Bay Times) ([link removed])
"Dark money" group Keep Our Constitution Clean is promoting an amendment that would require that any future amendment be passed twice by voters before becoming law.

* ** Spike Lee to hold sold out fundraiser for Kamala Harris (ABC News) ([link removed])
Director Spike Lee and his wife hosted a sold out fundraiser for Harris at their home in Martha’s Vineyard in Massachusetts last Friday evening.

** The Washington Post ([link removed])
** Bloomberg ([link removed])

** CNBC ([link removed])
** The New Yorker ([link removed])

** The Houston Chronicle ([link removed])
** South Dakota Public Broadcasting ([link removed])
** The San Francisco Chronicle ([link removed])
** The Durham Herald-Sun ([link removed])
** Mississippi Today ([link removed])
** Bangor Daily News ([link removed])
** Spectrum News ([link removed])
** New York Magazine ([link removed])
** Vox ([link removed])



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