FEC draft advisory opinion to the Libertarians
Tomorrow (16 January), the FEC will consider a draft advisory opinion prepared by the General Counsel's office in response to a request from the Libertarian National Committee. The LNC is covered by the BCRA because it is a "national party committee."
The LNC, like other national parties, used to deposit in its non-federal account any money it received from the sale or lease of its property, such as leasing its mailing lists, selling ads in its national newsletter, and licensing the sale of merchandise with its logo. The FEC has held that over the years that this sort of income is still a "contribution" and must be raised in accordance with the FECA if it is to be deposited in the federal account. Now that national party committees are forbidden to raise soft (i.e., non-federal) money, the LNC asked for a waiver. The draft AO says "no."
For background on the request, go here.