Did you know that a campaign committee may be able to accept additional contributions after an election to retire campaign debt?
If a campaign committee has net debts outstanding after an election is over, it may raise contributions to retire the debt provided that:
- The contribution is designated for that election (since an undesignated contribution made after an election counts toward the limit for the candidate’s upcoming election);
- The contribution does not exceed the contributor’s limit for the designated election; and
- The campaign has net debts outstanding for the designated election on the day that it receives the contribution.
Campaign debts and obligations must be reported until repaid. For examples of how to report campaign debt, please see the “loans and debts” section of our reporting examples webpage.
For more information on debt retirement, please see our raising contributions to retire debts webpage.