Mike Bloomberg is sending $18 million from his defunct presidential campaign to the Democratic National Committee, a dramatic investment in the national party that appears to push the boundaries of campaign finance law.
The money will support the DNC’s “Battleground Build-Up 2020” program, the DNC’s initiative in 12 swing states across the country. The money could fund potentially hundreds of organizers in those swing states.
“This will help us invest in more organizers across the country to elect the next president and help Democrats win up and down the ballot,” DNC chairman Tom Perez said in a statement. The DNC has made early, historic investments in our battleground and general election programs, and the additional organizers we’re putting on the ground will significantly bolster those efforts and help make sure Donald Trump is a one-term president.”
The massive transfer signals a change of plans for Bloomberg, who is nixing an earlier idea to form his own super PAC to take on President Donald Trump in 2020.