Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
April 16, 2014

Posts in "Party Committees"

April 16, 2014

Republican Governors Association Raises $22 Million, Lists Donors

Under the chairmanship of New Jersey Gov. Chris Christie, the Republican Governors Association reported more than $22 million in donations during the first quarter of the year.

The Republican Governors Association, a Section 527 political organization, reported to the I.R.S. receipts of $22,432,846 and disbursements of $15,643,221 during the first quarter of 2014.

Major individuals donors included Mike Shannon (managing director, KSL Capital Partners, WI) and wife Sue, $1 million; Lawrence Degeorge (CEO, LPL Investment Corporation, FL) $750,000; Kenneth Griffin (CEO, Citadel Group, IL) and wife Ann, $525,000 as well as $5,337 in-kind catering; Karen Wright (CEO, Ariel Corporation, OH) $500,000; Daniel Loeb (founder, Third Point LLC, NY); Bruce Kovner (financial executive, Caxton Alternative Management LP, NY) $500,000; $500,000; U.S. Chamber of Commerce & related entities (DC) $500,000; Thomas Rastin (executive vice president, Ariel Corporation, OH) $500,000; Paul Singer (founder, Elliott Management, NY) $500,000; Muneer Satter (investment manager, Satter Investment Management Inc., IL) $250,000; Linda McMahon (executive, CT) $250,000; Diane Wilsey (CEO, A. Wilsey Properties, CA) $250,000; and Donald Trump (chairman and president, The Trump Organization, NY) $250,000; Trevor Rees-Jones (president, Chief Oil & Gas, TX) $250,000; among others.

Top corporate donors included Full story

April 15, 2014

PAC, Founded by Scott Brown, Moves Money to New Hampshire

Funds from a political action committee founded by former Sen. Scott Brown, R-Mass., were given in March to eighteen party committees in New Hampshire, where Brown is now a U.S. Senate candidate.

The PAC reported it contributed $29,000 in March, mostly on March 13th, to 18 local party committees in New Hampshire. The expenditures were marked as “nonfederal contribution.” The committee also gave $10,000 on March 26th to Brown’s then exploratory committee, New Hampshire for Scott Brown. The committee also gave $5,000 on February 24th and $5,000 on March 11th to the New Hampshire Republican State Committee.

The PAC had been the campaign committee of former Sen. Scott Brown, R-Mass. The Scott Brown for U.S. Senate Committee changed its name and type of committee in May 2013 to The People’s Seat PAC. The PAC reported $182,543 cash on hand as of June 30, 2013. The People’s Seat PAC changed its name on March 13, 2014 to the Fiscal Responsibility PAC.

Full story

April 11, 2014

National Republicans Register New Joint Fundraising Committee

A week after the U.S. Supreme Court stuck down overall aggregate limits on campaign contributions, the three national Republican campaign committees have formed a new joint fundraising committee.

The Republican Victory Fund was registered as a joint fundraising committee with the Federal Election Committee on April 9th by treasurer Keith Davis of the Huckaby Davis Lisker political accounting firm. The filing was made public on Friday.

Full story

April 8, 2014

FEC Publishes New Contribution Limits for 2013-2014

In response to last week’s Supreme Court case, the Federal Election Commission has published a chart of new contribution limits for the 2013-2014 election cycle.

The opinion in the U.S. Supreme Court case, McCutcheon v. FEC, tossed out the aggregate contribution limits on political contributions. The new FEC Reference chart shows there is no limit on the aggregate amount an individual may give to federal candidates. An individual had been limited to giving a two-year aggregate amount of $48,600.

The new chart also shows no limit on the amount an individual may give to political party committees. An individual had been limited to giving a two-year aggregate amount of $74,600 to other committees, of which no more than $48,600 of this amount may be given to committees that are not national party committees.

View the updated FEC brochure on Contributions.

April 7, 2014

Global Democratic PAC Formed

A top national law firm, which provides legal assistance to Democrats, has helped register the Global Democratic PAC with the Federal Election Commission.

The Global Democratic PAC registered as a Super PAC, with an address at the Washington, D.C. offices of Perkins Coie. Robert Carolina is the Treasurer. Carolina is the chairman of the Democrats Abroad United Kingdom.

The PAC registration was received on April 2nd, the day the Supreme Court published its opinion in the McCutcheon v. FEC aggregate contribution limit case. The PAC name is the sort of name that might be used for a national joint fundraising committee to take advantage of the Supreme Court ruling. View Roll Call articleSCOTUS Spawns Search for Son of ‘Super PAC.’

Full story

April 3, 2014

Supreme Court Decision Puts Members of Congress at Risk

Opinion:

While some national political party leaders are jumping for joy over the Supreme Court’s McCutcheon ruling eliminating the limit on the aggregate amount of political contributions a person can give, it may immediately increase the chances of members of Congress being dragged into corruption investigations.

Anytime you have legislators coming close to large political contributions of $100,000 or more from individuals or organizations concerned with, or benefiting from, legislative activity or regulatory actions, there is an immediate question or concern about the motives involved, sometimes leading to the appearance of corruption.

After the scandals of the unlimited soft money era, Congress wisely prohibited members of Congress from soliciting unlimited soft money contributions. Without immediate action, new joint fundraising committees will be quickly formed and members of Congress will again become the solicitors of contributions ranging into the millions of dollars. As currently done with PAC contributions, the Congressional leadership teams and leaders of standing committees of Congress may be given quotas of funds to be raised, and their regulated industry leaders hit up for large contributions.

To avoid the potential scandals and accusations of appearances of corruption, Full story

March 26, 2014

Would Sheldon Adelson Underwrite the 2016 Republican Convention?

It’s a good bet that Las Vegas Sands Corporation owner Sheldon Adelson would do a lot to get the 2016 Republican convention to come to Las Vegas. The question is how high will the stakes go.

Peter Overby’s NPR article, “Say Goodbye To The Taxpayer Funded Political Convention,” highlights the recently passed bill that will prohibit $18+ million in public funds from being used for each of the 2016 the national party conventions. President Obama is expected to sign the bill.

Political MoneyLine’s earlier posting, “Corporations Can Expect To Pay More For Conventions,” points to corporate contributions as the likely source of funds to replace the loss of federal funds.

Today is the deadline for groups supporting specific cities to submit bids to the Republican National Committee for the 2016 Republican convention. A Las Vegas Review-Journal article indicated that the Las Vegas Host Committee is submitting an updated bid to host the convention at the Las Vegas convention center. The convention hosts committee may need to raise $50 to $75 million to cover the expenses.

Full story

March 25, 2014

Republican State Leadership Committee Invests in Website

A caucus of Republican state officials and its nine state affiliates are investing more funds in website development.

The Republican State Leadership Committee (RSLC) reported its February expenditures included paying $36,000 to Acquire Digital (Nashville, Tennessee) for website development; $14,000 to Harris Media (Austin, Texas) for website development; $10,775 to 3DNA Corporation (Los Angeles, CA) for website work; and $4,000 to Domain Diction Limited (London, England) for consulting.

The Section 527 organization reported to the I.R.S. February receipts of $674,000 and expenditures of $739,686.

Large donors in February included $165,000 from WellPoint Inc.; $50,000 from the Nuclear Energy Institute; $50,000 from AT&T; $50,000 from United States Steel Corporation; $35,000 from the Int’l. Council of Shopping Centers; and $35,000 from Majestic Realty Co. (CA); among others.

Full story

March 21, 2014

Republicans Take In Koch Money, Democrats Still Carry Debts

The six national party committees reported improved financial conditions by the end of February, but some committees still carry debts, and one committee received more than $100,000 from members of the Koch family and their company.

The four Congressional committees benefited from PACs paying their yearly dues. Each brought in more than $1 million from PACs and other committees.

The Democratic Senatorial Campaign Committee reported receipts of $6,766,303 and disbursements of $3,701,236 during February, leaving $18,053,086 cash on hand at the end of the month, along with $1,250,000 still owed on an outstanding loan. During the month they repaid $1,250,000 on their outstanding loan from Bank of America, the remainder of which is due on March 31, 2014.

Selected donors include Sen. John D. Rockefeller, D-W.Va., $32,400; Sharon Percy Rockefeller (president, WETA Public Television) $32,400; John B. Henry (writer, N.Y.) $27,200; Andrew T. Feldstein (CEO, Blue Mountain Capital, NY) $32,400; Andrew Beck (managing director, D.E. Shaw & Co., NY) $32,400; Anne Bass (investor, Keystone Inc, TX) $32,400; among others.

The National Republican Senatorial Committee reported receipts of $5,474,291 and disbursements of $2,740,107 during February, leaving $12,753,036 cash on hand at the end of the month, and no debts.

Selected donors include Charles G. Koch (executive VP, Koch Industries, KS) $32,400; Mr. C. Chase Koch (vice president, Koch Nitrogen Company, KS) $32,400; and Julia F. Koch (homemaker, KS) $32,400. The committee also received $15,000 from the Koch Industries PAC.

Full story

March 20, 2014

Before Going Overseas, Baucus Gave Away Some of His Campaign Funds

Days before becoming the new U.S. Ambassador to China, a U.S. Senator gave away almost half a million dollars from his political fund.

Former Sen. Max Baucus, D-Mont., contributed $475,000 on January 31st to the Montana Democratic Party, which reported it today to the Federal Election Commission. The funds came from the former Senator’s campaign account, Friends of Max Baucus. The campaign account reported having $3,200,508 cash on hand at the end of 2013.

Baucus contributed the funds while he was still a U.S. Senator. He was confirmed as the new U.S. Ambassador to China on February 6, 2014.

View earlier posting, “Baucus – Leaving His Millions Behind?”

March 12, 2014

Corporations Can Expect To Pay More For Conventions

Congress has taken steps to remove public funds from partially paying for national party conventions, but corporations, unions, and individuals will soon be on the hook for making up the difference.

The Senate on Tuesday passed a bill by voice vote to end taxpayer funding for presidential party conventions and use those funds for researching pediatric cancer and other childhood disorders. The funds come from the $3 check-off on taxpayer annual returns.

In 2012, the Democratic and Republican National Conventions each received $18 million from the taxpayer funding. In addition, each raised private funds for their conventions. The Democrats raised $37 million. The Republicans raised $57 million.  Without taxpayer funding, the parties will be going back to donors to earlier conventions for even larger contributions for 2016. For some donors there is an advertising justification, and for others they may provide in-kind products or services, but all donors receive special thanks from national public policy makers.

February 28, 2014

Sink Far Outraises Jolly, But Outside Groups Far Outspend Both

Democrat Alex Sink and Republican David Jolly have spent over $2 million for their March 11th special election, but national outside groups have spent three times as much trying to impact on the Florida 13th Congressional District election.

Sink reported she raised twice as much as Jolly during the first month and half of this year, and Sink is carrying an almost $800,000 cash advantage into the final weeks of the campaign.

Alex Sink, D-Fla., reported she had receipts of $1,307,319 and disbursements of $1,478,581 from January 1st through February 19th, leaving $971,587 cash on hand, and no debts. Sink received $463,875 from individuals giving $200 or less, and $588,948 from individuals giving more than $200. She received $209,000 from PACs and other committees, and $42,362 in transfers from other committees.

Full story

February 21, 2014

Democratic Senatorial Campaign Committee Goes $2.5 Million Up on Republicans

The Democratic Senatorial Campaign Committee reported raising $6.6 million during January and now has a $2.5 million advantage over the National Republican Senatorial Committee.

The Democratic Senatorial Campaign Committee (DSCC) reported receipts of $6,552,553 and disbursements of $3,571,468 during January, leaving $14,988,020 cash on hand, with debts of $2,500,000.

The DSCC received $1.9 million from contributors giving $200 or less, and $2.3 million from those giving more than $200. PACs and other committees gave $2.1 million. A few of the contributors giving the maximum $32,400 contributions were Peter Angelos (attorney, Maryland); Dana Chasin (OMB Watch, DC); James Ryan (Elmendorf Ryan, DC); Tracy Spicer (Avenue Solutions, MD); among others.

Major bundlers of contributions included Full story

Obama-Related Debts Weigh Down DNC, While Congressional Democrats Thrive

The two major national party political committees have filed campaign finance reports covering January activity that highlight the persistent debt at the DNC and the $10 million advantage of the RNC.

The DNC Services Corp./Democratic National Committee (DNC) reported it had receipts of $6,649,918 and disbursements of $5,602,134 during January, leaving $5,747,152 cash on hand at the end of January, with $15,906,136 in debts.

The DNC received $3.8 million from contributors giving $200 or less, and $2.6 million from 2,817 itemized contributors giving in excess of $200. They received $190,909 from PACs and other committees.

Some of the individual donors giving the $32,400 maximum were: Warren Buffett (chairman & CEO, Berkshire Hathaway Inc., NE); Dorothy Lichtenstein (president, Roy Lichtenstein Foundation, NY); Edward Snowden (producer, NY); Andrew Tobias (writer, NY); among others.

The DNC spent $1.4 million on direct mail; $397,250 on telemarketing; $525,671 on salaries; among others. The committee made a $400,00 loan repayment on their debt with Amalgamated Bank of New York.

The DNC still owes $8.5 million on loans taken out for the 2012 election. Full story

February 20, 2014

Hensarling Gives $1 Million to NRCC

hensarling 228 102611 283x335 Hensarling Gives $1 Million to NRCC

A House committee chairman has given a million dollar boost to the Republican’s congressional campaign committee as it starts into the 2014 election year.

Rep. Jeb Hensarling, R-Texas, chairman of the House Financial Services Committee, reported his campaign committee sent $1 million to the National Republican Congressional Committee on January 10th. Hensarling had previously served as chairman of the House Republican Conference from 2011 to 2013.

Hensarling’s principal campaign committee, the Friends of Jeb Hensarling, reported receipts of $49,058 and disbursements of $1,078,554 during January. Even after giving the $1 million transfer, Hensarling’s committee has $2,101,839 cash on hand at the end of January.

Full story

Sign In

Forgot password?

Or

Subscribe

Receive daily coverage of the people, politics and personality of Capitol Hill.

Subscription | Free Trial

Logging you in. One moment, please...