Skip to content

Ron Paul’s Million Could Help Rand Paul in 2016 Presidential Race

A former presidential candidate is sitting on almost a million dollars that could help his son in a 2016 presidential race.  

The Ron Paul 2012 Presidential Campaign Committee  of former Rep. Ron Paul , R-Texas, reported  it has $972,450 cash on hand as of December 31st.  During the fourth quarter of 2013, the committee raised $10 and spent $33,464, including $24,220 paid to Arent Fox LLP and LeClair Ryan for legal consulting.  

Although a federal candidate may not use left over funds for personal use, and the campaign committee could only contribute $2,000 to another candidate per election, there may be nothing to prohibit a candidate from contributing all the left over funds to a super PAC. The super PAC could then make independent expenditures supporting or opposing a federal candidate. The PAC might even make independent expenditures encouraging a candidate to run, such as Ron Paul’s son, Sen. Rand Paul, R-Ky.  

The Federal Election Commission (FEC) regulations relating to excess funds do not specifically prohibit left over funds going to a super PAC, but the FEC often handles issues relating to excess funds on a case by case basis.

Recent Stories

McCarthy announces he won’t run again for speaker

How the vote to boot Speaker McCarthy played out inside the chamber

McCarthy becomes first speaker in history ousted

Laphonza Butler sworn in to succeed Sen. Dianne Feinstein 

Carjackers who took Cuellar’s Toyota also got away with his sushi dinner

Supreme Court sounds skeptical that Congress overstepped spending power