Kamala Harris has emerged as a possible contender for the presidency if Joe Biden decides not to run again. As Vice President, she has been a staunch supporter of Biden after his poor performance in last week’s debate. The question arises about what would happen to the $91 million in cash available to the current campaign, according to recent filings. In addition to this amount, the reelection effort has access to $240 million in cash from allied Democratic organizations.
If neither Biden nor Harris decides to run for president, the campaign team will have to return all the money or something similar. Donors who contributed before the August convention could have their contributions earmarked for the primary election or general election. If Harris were to win, she could use the funds for her own campaign or allocate them to a super PAC or the party itself. However, transferring funds to a new candidate or entity has limitations.
Another option could be supporting House and Senate candidates or donating to charities aligned with the candidates’ views. It is important for donors to understand that they can only receive refunds if the campaign team approves it. In this case, it is unclear if Biden would approve such refunds if he decided not to run again.
Overall, there are many options available for what would happen with the $91 million in cash available to the current campaign if neither Biden nor Harris decides to run for president. It is important for donors and supporters of both candidates to stay informed about any updates on this matter as it unfolds.
