Cashing in the draft committee
The Washington Post reports: After months of work, the momentous day for Peter Feddo and his colleagues at the "draft Hillary" movement had finally arrived: Sen. Hillary Rodham Clinton's formation of an exploratory committee meant a presidential run was imminent.
So what now?
Draft committees are a peculiar political animal; they exist to start building excitement for a presidential candidate who hasn't even decided to run. They launch Web sites, collect names of potential supporters and raise money in anticipation of a presidential bid. ...
Under federal election rules, a draft committee can spend the money on behalf of a politician, as long as it doesn't coordinate efforts with that candidate. But the committee can donate no more than the individual contribution limit of $2,300 for the primary and $2,300 for the general election, according to Michelle Ryan, an FEC spokeswoman. -- When a Draft Group's Candidate Announces, What Comes Next? - washingtonpost.com