Verify: What happens to leftover campaign funds?

Question:

“What happens to leftover campaign funds?” from Jill Suhre, a 5 On Your Sider Viewer

Sources:

Illinois campaign disclosure law
Missouri ethics law
Federal election law
Answer:

On a state and federal level across Missouri and Illinois, any campaign committee that closes is required to distribute leftover money to charity, refund it to donors, or give it to another political committee.

But not all losing campaigns have to close.

Candidates in Illinois and in federal races can keep their committees open with no plans to run for office again. They can keep spending the money on campaign-related expenses, or the cost of being in office.

In Missouri, candidates have to tell the state a specific race they're planning to run for, to keep the committee open.

All these laws have one thing in common. None of leftover campaign cash can go towards a candidate's personal expenses.

And all expenses must be reported to the state or the Federal Election Commission.

Видео Verify: What happens to leftover campaign funds? канала KSDK News