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HomefinanceBanks should be required to prepare for Fed discount window loans, Mester...

Banks should be required to prepare for Fed discount window loans, Mester says

Former President Donald Trump appears during a court hearing on charges of falsifying business records to cover up a hush money payment to a porn star before the 2016 election in New York State Supreme Court on February 15. Pool Photo by Brendan McDermid/UPI | License Photo
Feb. 29 (UPI) — Campaign finance data released at the end of January revealed that Save America, a political action committee founded and controlled by former President Donald Trump, spent more than $50 million in 2023 on legal fees resulting from Trump’s multiple criminal and civil cases. OpenSecrets, a nonpartisan nonprofit organization tracking campaign funds, found that other Trump-aligned organizations also paid a combined $10 million in additional legal fees for Trump in 2023. Advertisement
Though I have spent much of my career as a scholar of campaign finance law, I’m not certain whether that use of campaign donations is legal under federal election law. It might be; it might not be. But if it’s not, I deem it unlikely that the Federal Election Commission, which enforces campaign finance laws, would take any action.
Campaign spending rules
As a general rule, campaign contributions may be used only for election-related expenses. They are not for the personal use of a candidate or federal officeholder. Federal regulations define



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