…President Donald Trump is planning to set up a new political action committee (PAC) that will allow him to fundraise for federal election candidates and perhaps retain influence in the Republican Party.
The president will establish a leadership PAC, according to the New York Times, and is set to announce the move this week—even as his campaign files lawsuits challenging the election results in Pennsylvania and likely elsewhere.
The PAC would be able to spend unlimited amounts to support candidates for federal office in what is known as independent expenditure. However, it would be limited to donations of $5000 per year per donor.
The new PAC could accept donations from an unlimited number of donors and Trump’s campaign committee, Donald J. Trump for President, would be able to contribute within the legal limitations.
“The president always planned to do this, win or lose,” campaign spokesperson Tim Murtaugh told the Times.
Murtaugh said the new PAC would be set up “so he [Trump] can support candidates and issues he cares about, such as combating voter fraud.”
The PAC would not be able to help Trump in any future bid for office because of Federal Election Commission (FEC) regulations, but it could allow him to remain a force in the Republican Party and a…
President Trump is expected to launch a leadership PAC to raise money as he contemplates a potential 2024 run, according to Trump campaign officials. https://t.co/rnR7MSZjRA
— NBC News (@NBCNews) November 10, 2020