“Allies of Florida Gov. Ron DeSantis are reportedly planning to execute a controversial money transfer to free up tens of millions of dollars to support his expected 2024 presidential campaign,” CNBC reports.
“DeSantis… won his 2018 gubernatorial race and easily clinched reelection in 2022 with the help of a deep-pocketed state political committee. The group has raised more than $225 million for DeSantis and currently boasts nearly $86 million in cash on hand.”
“But if DeSantis decides to run for president — as he is widely expected to do in the coming weeks — he is legally barred from dumping that war chest into his federal campaign coffer. That’s because federal law bans the transfer of state-level political funds to a national election.”
“Instead, the governor’s allies could try to transfer them to a pro-DeSantis federal super PAC, which is required to remain independent of his potential presidential bid.”
