The Biden campaign said it had $240 million cash on hand at the beginning of July. It likely burned through a good deal of that on ads, staffing and the like since then, but now that President Biden is out, there’s a question of whether any other candidate would or should have access to that money.
The short answer seems to be that Vice President Harris — who is already poised to be the new Democratic nominee — has a strong claim to the funds, because she was and is on the filing statements as a candidate with Biden. Other potential replacements would not, according to many campaign finance experts.
Those candidates would have to rely on Biden donating the money to an outside group or super PAC or he would have to stand one up on his own to support the potential Democratic nominee. But the candidate would not have control over that money or how it’s used.
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