KBTX | Bryan & College Station, TX | Aggieland News

Ron Paul Considers Ways To Use $4 Million In Leftover Campaign Money

By: AP
By: AP


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
Libertarian-leaning views.
The move could test the limits of federal campaign finance
rules.
"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
money.
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
material.
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.


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