Citizens United calls on FEC to close 'loophole' after Bloomberg sends $18M to DNC

EXCLUSIVE: Citizens United is calling on the Federal Election Commission to end what it calls a campaign finance "loophole" after Mike Bloomberg transferred more than $18 million from his now-suspended, self-funded presidential campaign to the Democratic National Committee.

The petition states that “since 1980, the Federal Elections Campaign Act has allowed candidates for federal office to transfer surplus funds to their official campaign accounts to national, State or local party committees without limitation.”

But the filing notes that, historically, such transfers were largely composed of contributions made within normal limits from a combination of individuals, political action committees and parties.
“Last month, however, a major loophole came to light,” the petition reads.

That's a reference to Bloomberg’s transfer of $18 million of “surplus” campaign funds to the DNC. The billionaire and former New York City mayor announced the transfer shortly after suspending his presidential campaign.

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