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What Happens to Leftover Campaign Funds When a Candidate Drops Out?

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After disappointing performances in the Iowa and New Hampshire Caucuses, Republican presidential candidates Chris Christie and Carly Fiorina have already called off their campaigns. This weekend, former Florida governor Jeb Bush also decided to bow out. But what happens to all the leftover campaign funds—Bush had raised more than $150 million, the most of any GOP candidate—when the low-polling candidates drop out?

One thing's for sure: Upset candidates can't console themselves by putting the dough toward a new yacht and sailing off to recuperate. The Federal Election Commission has strict rules about what federal candidates can and can't do with leftover campaign money, and the biggest directive is that they can't pocket it for personal use.

Here's what a campaign committee is allowed to do with any lingering cash: it can donate the funds to charities or political parties; it can contribute $2000 per election to other candidates; and it can save the money in case the candidate chooses to run again. However, those regulations don't apply to the relatively new super PACs (Political Action Committees); this is only the second election where they have played a role, and there are currently no rules to stipulate what happens to that money beyond that it cannot go to fund another federal candidate. Much of that money tends to be returned to its original donors, used to wrap up the failed campaign, or donated to back a state-level candidate. The goal, however, is always to spend all of that money.

Running a campaign is an expensive proposition—Barack Obama spent nearly $750 million on his 2008 White House bid, and in 2012 he spent $985 million on reelection while challenger Mitt Romney spent $992 million—and insufficient cash is often a reason campaigns go belly up.

As for winning (or sometimes losing) politicians, they'll often put their leftover funds toward their next race. If they choose not to run, they have to abide by the same FEC rules. Wonder why this law is in effect? Until 1993, U.S. Representatives who took office before January 8, 1980, were allowed to keep any leftover campaign cash when they retired, but a study showed that a third of Congress kept and spent millions in campaign donations on personal items like clothing, jewelry, artwork, personal travel, and dry cleaning. Embarrassed, Congress passed a law negating this custom for the House; the Senate already had provisions in place so this wouldn't happen.

In reality though, officials can usually find a way to make that cash still work for them (and state laws differ from federal ones). After Christie won reelection as New Jersey's governor in 2014, his campaign was granted permission to use some of its remaining war chest to cover the legal fees Christie incurred during the Bridgegate scandal. And this was well before he dropped $26.7 million on his failed presidential bid.

A version of this article originally ran in 2012.

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The Time Ben Franklin and John Adams Shared a Bed
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Ever been on a road trip where the sleeping conditions were less than ideal? Such indignities aren’t just for average citizens like you and me. Even Founding Fathers and future presidents had to bunk with one another on occasion. 

In September 1776, just a few months after the thirteen American colonies announced their independence from Britain, Benjamin Franklin and John Adams got stuck shacking up together for a night. As part of a delegation sent by the Continental Congress, they were on their way from Philadelphia to Staten Island to negotiate with Admiral Richard Howe of the Royal Navy for a possible end to the Revolutionary War. As they passed through New Brunswick, New Jersey, the negotiators—Franklin, Adams and South Carolina politician Edward Rutledgedecided to stop for the night and find a place to sleep. 

The local taverns and inns were nearly full, though, and there were only two rooms for the three men. “One bed could be procured for Dr. Franklin and me,” Adams wrote in his autobiography, “in a chamber a little larger than the bed, without a chimney and with only one small window.”

That window would be a problem for the two men.

A ROOM WITH A VIEW

Adams, who was “an invalid and afraid of the air in the night,” closed the window before they got into bed. 

“Oh!” said Franklin. “Don’t shut the window. We shall be suffocated.”

When Adams explained that he didn’t want to catch an illness from the cold night air, Franklin countered that the air in their room was even worse. 

“Come!” he told Adams. “Open the window and come to bed, and I will convince you: I believe you are not acquainted with my Theory of Colds.”

Contrary to the lay wisdom of the day (and everybody’s grandmother), Franklin was convinced that no one had ever gotten a cold from cold air. Instead, it was the “frowzy corrupt air” from animals, humans, and dirty clothes and beds, he thought, that led people to catch colds when they were “shut up together in small close rooms.” Cool, fresh air at night, he believed, had many benefits. 

Franklin’s ideas were inconsistent with Adams’s own experiences, he wrote, but he was curious to hear what Franklin had to say. So, even at the risk of a cold, he opened the window again and hopped into bed with Franklin.

As they lay side by side, Adams wrote, Franklin “began a harangue upon air and cold and respiration and perspiration.” 

“I was so much amused that I soon fell asleep, and left him and his philosophy together,” Adams wrote. “But I believe they were equally sound and insensible, within a few minutes after me, for the last words I heard were pronounced as if he was more than half asleep.”

The strange bedfellows were out like a light, and continued on their way in the morning. The peace conference they were traveling to lasted just a few hours and produced no results. 

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10 Things You Might Not Know About Jimmy Carter
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Bridging the gap between the often-maligned Gerald Ford and the drug-busting Ronald Reagan was Jimmy Carter, the 39th president of the United States and one of the most esteemed humanitarians ever to hold the office. Carter is 93, and while a nearly-century-long life is hard to summarize, we’ve assembled a few things that may surprise you about one of our most fondly-remembered elected officials.

1. HIS CHILDHOOD DIDN’T INVOLVE MANY AMENITIES.

Born in Plains, Georgia on October 1, 1924, James Earl Carter’s early years didn’t involve a lot of the rapid technological progressions that were taking place around the country. His family relocated to Archery, Georgia—a town that relied chiefly on mule-drawn wagons for transportation—when Carter was 4. Indoor plumbing and electricity were rare. To pass time, Carter typically listened to entertainment shows on a battery-operated radio with his father.

2. HE DREW CRITICISM FOR REJECTING RACIST BELIEFS.

After graduating from the U.S. Naval Academy, Carter served in the military, during which time he married and had three sons. (A fourth child, daughter Amy, was born in 1967.) After his father died in 1953, Carter was honorably discharged and settled on the family peanut farm in Plains, where he found that the South’s deeply-rooted racial biases were in direct conflict with his own progressive views of integration. When Plains residents assembled a “White Citizens’ Council” to combat anti-discrimination laws, Carter refused membership. Soon, signs were pasted on his front door full of racist remarks. But Carter held to his views: By the 1960s, voters were ready to embrace a politician without biases, and Carter was elected to the Georgia State Senate.

Unfortunately, Carter found that his liberal views could only take him so far in the state. When he ran for governor in 1970, he backed off on many of his previously-publicized views on racial equality, leading some to declare him bigoted. Once in office, however, Carter restored many of his endorsements to end segregation.

3. HE CAUSED A STIR BY DOING THE PLAYBOY INTERVIEW.

Few, if any, presidential candidates have attempted to stir up support by submitting to an intensive interview in the pages of Playboy, but Carter’s 1976 bid was an exception. Just weeks before he won the election, Carter admitted to having “committed adultery in my heart” many times and that he “looked on a lot of women with lust.”

4. HE NEVER LIKED THE PAGEANTRY OF THE PRESIDENCY.

When Carter entered the office of the presidency in 1977, he made it clear that he considered himself no more elevated in status than his voters simply because of political power. He sold the presidential yacht, thinking it a symbol of excess; he also carried his own briefcase and banned workers from playing “Hail to the Chief” during appearances.

5. HE MAY HAVE SEEN A UFO.

Prior to taking office, Carter filed an interesting report with the National Investigations Committee on Aerial Phenomena, or NICAP. In 1969, Carter wrote, he spotted a strange aircraft in the sky over Leary, Georgia. It appeared to hover 30 degrees above the horizon before disappearing. Carter promised to release every sealed document the government had collected about UFOs if elected, but later walked back on the promise, citing national security concerns.

6. HE INSTALLED SOLAR PANELS AT THE WHITE HOUSE.

Carter spent considerable time and effort promoting renewable energy sources as the world struggled with an ongoing fuel crisis. To demonstrate his commitment, Carter ordered that solar panels be installed on White House grounds in 1979, decades before such a practice became commonplace. The panels were used to heat water on the property. Ronald Reagan had the panels removed in 1986 during a roof renovation.

7. HE WATCHED OVER 400 MOVIES WHILE IN OFFICE.

Carter was a movie buff who, as president, enjoyed early access to many films—and he averaged a couple of movies a week while in office. Among those viewed: 1969’s Midnight Cowboy, 1976’s All the President’s Men, and 1980’s Caddyshack. Carter also screened 1977’s Star Wars with Egyptian president Anwar Sadat.

8. HE BOYCOTTED THE 1980 OLYMPICS.

After Soviet forces failed to heed Carter’s mandate to pull their troops out of Afghanistan, Carter committed to a radical step: He prevented American athletes from competing in the 1980 Games in Moscow, the first time the nation had failed to appear in the competition. Canada, West Germany, Japan, and around 50 other countries followed Carter’s lead. When the Games moved to Los Angeles in 1984, it was the Soviet Union's turn to refuse to appear.

9. HE WAS ATTACKED BY A RABBIT.

Before running for (and losing) re-election in 1980, Carter decided to take a little time for himself and go fishing near his home in Plains. While in his boat, a wild rabbit that was being chased by hounds jumped into the water and swam toward the boat. Carter shooed the animal away with a paddle. Although it was a minor incident, a photo snapped of Carter flailing at the bunny and numerous editorial cartoons gave some voters the perception he was a less-than-ideal adversary for the powerful Soviet Union and may have led to an image of Carter as ineffectual.

10. HE WON THE NOBEL PEACE PRIZE IN 2002.

After decades of philanthropic work, including a longstanding association with Habitat for Humanity, Carter was awarded the Nobel Peace Prize in 2002. It was actually a quarter-century overdue: The Nobel committee wanted to award him the prize in 1978 after he helped broker peace talks between Israel and Egypt, but no one had nominated him before the official deadline had closed.

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