Kamala Harris, the Vice President of the United States, has been a strong supporter of President Joe Biden. However, after his poor performance in a recent debate, Harris has 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 and 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 becomes 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 used for charitable donations, causes or issues that align with their views.
In summary, if Biden decides not to run for president again and Harris becomes his successor as party leader or vice president; then she can inherit some funds that are currently available for use in future campaigns or other purposes like supporting other democratic candidates or causes.
