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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


A 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


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

Trump-tied operatives register as foreign agents of Libyan wealth fund


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

Ryan Zinke-linked PACs still raising money — and spending it questionably


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
Super PACs are back for the 2020 cycle

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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