HOUSTON (AP) - Congressman Ron Paul is considering using $4
million left over from his failed presidential campaign to start a
for-profit publishing company that would reflect his
The move could test the limits of federal campaign finance
"I've never heard of anyone taking their campaign money and
putting it into a for-profit corporation," campaign finance-reform
advocate Fred Wertheimer told the Houston Chronicle.
Former candidates have leeway in how they use leftover campaign
Federal guidelines say the money can't be used for personal
things like vacations and mortgage payments, but it's not clear if
he could use the money for a company that would produce educational
Paul also has a potential gold mine in his mailing list, if he
rents those names to interest groups or other campaigns.
Presidential list are attractive because they include donors
from across the country. Paul's list also includes new participants
into the presidential process, offering candidates a chance to
expand their network to nontraditional donors.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.