CNBC reports that Senator Elizabeth Warren is winding down her joint fundraising committee, Action Fund, as she ramps up her 2020 presidential campaign.
Following the Supreme Court's 2014 decision in McCutcheon v. FEC, in which the Court struck down as unconstitutional an aggregate limit on how much a single donor could give to all federal political committees combined, joint fundraising committees have become vehicles for massive--potentially corrupting--contributions to presidential candidates.
During the 2016 election, Hillary Clinton, the DNC and more than 30 state Democratic party committees raised massive contributions into the joint fundraising committee Hillary Victory Fund. The Clinton campaign allegedly controlled the spending of these joint fundraising committee proceeds, potentially in violation of federal campaign finance law.
Senator Warren's decision to forego big-money joint fundraising committee fundraising in the 2020 presidential election should be commended and emulated by other candidates.
Warren, a liberal from Massachusetts, is closing her joint fundraising committee, the Elizabeth Warren Action Fund, as she explores a run for the White House, according to her chief spokeswoman, Kristen Orthman.
"We are in process of winding down Action Fund," Orthman said in an email.
The commitment to shut down the fund comes after Warren told MSNBC's Rachel Maddow on Wednesday that she believes candidates running for the party's nomination should avoid funding their campaigns through PACs.