2012 Democratic National Committee - Financing
Rules
The Host Committee is obligated to
raise $36,650,000 in monetary donations. Democrats are highlighting
their strict convention financing rules.
Feb. 4, 2011 statement from DNC Communications Director Brad Woodhouse
on these new rules:
“From the very beginning,
President Obama has placed a high priority on increasing the influence
of grassroots and individual donors, and this convention will go further in that
direction than any convention ever. This convention and the new way it is being financed will allow more
people from all over the country to be involved in this historic event,
to have ownership of this convention and help
fulfill the President’s vision for moving the country forward and winning the future. This unprecedented
step is another sign that things are continuing to change under
President Obama's leadership and that this
will, in fact, be the ‘People’s Convention.’”
From the
Agreement
Policies and Guidelines for
Donations to the Host Committee
1. The Host Committee shall screen monetary and in-kind contributions
in compliance with FEC regulations and policies and guidelines adopted
by the DNCC, including, without limitation, a prohibition on the
receipt by the Host Committee of contributions from the following:
(a) Any contribution whatsoever from any individual who is neither a US
citizen nor a legal permanent resident of the U.S.;
(b) Monetary contributions from any incorporated for-profit entity;
(c) In-kind contributions from any corporation organized under the laws
of, or with its principal place of business in a foreign country
provided, however, that nothing shall prohibit in-kind contributions
from any subsidiary of such corporation incorporated under the laws of
a state within the United States, any tribal nation, the District of
Columbia, or any territory of the United States, and provided that any
such in-kind contributions from such a subsidiary must be made using
revenue generated from U.S. operations;
(d) Monetary contributions in excess of $100,000 from any individual;
(e) In-kind contributions of goods or services from corporate entities
that received TARP or other bail-out funds, unless those funds have
been repaid in full to the U.S. Government;
(f) Monetary or in-kind contributions from political organizations as
defined in Section 527 of the Internal Revenue Code, such as political
action committees, unless approved in advance by the DNCC;
(g) Monetary or in-kind contributions from individuals registered as
federal lobbyists under the Lobbying Disclosure Act; and
(h) Monetary or in-kind contributions from foundations established by
or affiliated with any incorporated for-profit entity, unless approved
in advance by the DNCC (and any such contribution approved by the DNCC
would be subject to a limit of $100,000).
2. In addition to the guidelines above, the Host Committee shall comply
with the following policies of the DNCC:
(a) No individual registered as a federal lobbyist under the Lobbying
Disclosure Act may serve on the Host Committee;
(b) No incorporated entity may sponsor any event or any other items
funded under the Master Contract unless approved in advance by the DNCC;
(c) No incorporated for-profit entity may sponsor any event or other
items funded as part of hospitality activities undertaken by the Host
Committee on behalf of the DNCC such as events for party
representatives, foreign dignitaries, Convention delegates, volunteers
or media representatives, unless approved in advance by the DNCC.
(d) All "Official Provider" designations shall be negotiated with the
DNCC and the Host Committee and signed by the Host Committee;
(e) All targets for monetary, in-kind, official provider, or other type
of contribution to the Host Committee shall be approved in advance by
the DNCC;
(f) All contributions, monetary or in-kind, shall be disclosed publicly
by the Host Committee within an agreed upon regular timeframe on the
Host Committee's website; and
(g) The Host Committee shall develop a grassroots fundraising plan for
review and approval by the DNCC within 60 days of the signing of the
Master Contract.