The Vice President of the United States, Kamala Harris, has been a strong supporter of President Joe Biden, especially after his poor performance in the recent debate. She has also emerged as a potential candidate to lead the party if Biden decides not to continue his campaign.
One big question is what would happen to the $91 million in cash available to the current campaign, along with the $240 million in cash accessible to the reelection effort when including allied Democratic organizations.
If Biden were to drop out of the race, Harris could potentially take over the campaign funds, with some limitations. Donors may only receive refunds if approved by the campaign team, as once a donor makes a gift, they relinquish any rights to those funds.
If neither Biden nor Harris become the party’s nominee, the campaign team would have to return all the money. Donations intended for the primaries won by Biden would remain with the campaign, and if the account were to become a political action committee, there would be limits on transferring funds to a new candidate.
Aside from presidential campaign options, the Biden-Harris funds could potentially be transferred to Democratic committees to support House and Senate candidates, or be used for charitable donations, causes, or issues that align with the candidates’ views.
In summary, the outcome of the campaign funds will depend on various factors, including the candidacy status of Biden and Harris, and the decisions made by the campaign team and donors.