FEC Chairman comments on Biden’s war chest

“I think it’s really complicated,” is the short answer, Sean Cooksey, the FEC chairman appointed by Trump, told NPR’s “Morning Edition.” “He’s trying to hand over his entire committee, the money and all the assets to another person.”

However, campaign finance lawyers previously told The Hill that Harris could access the funds if she becomes the candidate. Democrats have begun to rally behind Harris, but Cooksey has indicated there would be a challenge in the agency and in the courts.

Biden disrupted the 2024 presidential campaign on Sunday when he dropped out due to concerns about his age and mental health. He quickly endorsed Harris as the party’s new standard-bearer.

The Biden campaign had just 96 million US dollars According to its most recent report to the FEC, the company had cash on hand as of June 30 and filed paperwork to change its name from “Biden for President” to “Harris for President” within hours of the president’s decision.

Even before the campaign filed for its name change, Harris was listed as a candidate alongside Biden in FEC filings.

The Democratic Commissioner Dara Lindenbaum, who chaired the Commission last year, Repelled on the assumption that Harris could not access these funds.

“It is absolutely clear that Vice President Harris can continue to use the campaign committee and its resources,” Lindenbaum told The Hill.

Taylor Giorno of The Hill reports more here.