excess funds

PAC Contributions Returned

While members of Congress and federal candidates are known for soliciting millions of dollars from political action committees (PACs), there are a few instances when campaigns refund the money to PACs .  

Treasurers of corporate, trade association, and labor PACs are happy to get the money back, especially after they have already received credit for making the original contribution. Now they can use the money to give to another campaign.  

Former Rep. Mark Foley Still Holding $1.26 Million Account

A former Congressman who resigned from Congress in 2006 is still holding onto $1.26 million in his campaign account.  

Former Rep. Mark Foley , R-Fla., served in Congress from 1995 to 2006. He resigned in September 2006 under pressure from the Republican leadership after allegations were made about the Congressman sending sexually suggestive emails and instant messages to underage males who were, or had been, Congressional pages.  

$100K in Campaign Funds Given To Charity

The Late Rep. Bill Young, R-Fla.

Over $100,000 in leftover campaign funds of a deceased member of Congress have been donated to ten charities.  

The campaign committee of the late Rep. Bill Young , R-Fla., has donated $101,349 in the first quarter of the year to ten charities in the St. Petersburg, Clearwater and Tampa, Florida area. The committee has terminated activity.  

Retiring Senators Holding More Than $5 Million in Accounts

Senators leaving Congress at the end of this year currently hold $5,334,251 in their campaign accounts and leadership PACs.  

Campaign committees may use the funds for any lawful purpose, but the funds cannot be converted to personal use. Some members donate the funds to non-profits, charities, educational institutions, political parties, other candidates (within limits), or refund contributions to the original donors. Or they could leave the funds in the campaign account, and keep it going for years.