Sen. Tim Scott isn’t a presidential candidate — yet. Instead, he’s exploring whether to become a candidate. And that comes with a very specific set of rules laid out by the FEC.
That meant Warren got two media cycles of announcement coverage instead of one, each of which comes with a boost in online donations and other useful perks for an aspiring president.
The exploring politician can travel, conduct polls and make phone calls. Unlike an official campaign, an exploratory committee doesn’t have to register with the FEC. But that doesn’t mean the committee can ignore campaign finance laws. An exploratory committee is still subject to the same contribution limits as a campaign. As long as a politician stays in that mode, they can raise in excess of the $5,000 limit without disclosing it until they decide to formally announce a campaign. But their first FEC report after becoming an official candidate has to include everything they raised and spent during the first phase, too.
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