8th District U.S Rep. Rick Nolan and the Minnesota Democratic-Farmer-Labor (DFL) Party on Tuesday filed paperwork with the Federal Election Commission (FEC) forming a joint fundraising committee called the Rick Nolan Victory Fund.
Joint fundraising committees consist of two or more candidates, party committees or political action committees. All share in fundraising costs and distribute the proceeds according to a specific formula.
Prior to the U.S. Supreme Court decision in McCutcheon v FEC, federal law limited the total amount an individual could give to federal candidates, party committees and political action committees, so these joint fundraising committees were quite limited in scope.
But in McCutcheon, the Court ruled those aggregate contribution caps unconstitutional, opening the door for donors to give to as many candidates and committees as they want and paving the way for so-called ‘super joint’ fundraising committees – those formed for the benefit of many candidates or committees – that can exert pressure on deep-pocketed donors to write big checks.
Under these new rules, an individual is allowed to write a check for as much as $15,400 to the Rick Nolan Victory Fund. But the donor must abide by the maximum contribution limits of $5,400 per election cycle to a candidate and $10,000 per year to a state party committee.
The treasurer of the Rick Nolan Victory Fund is Virginia School Board Member Kim Stokes of Britt, wife of lobbyist and Silicon Energy Vice-President Gary Cerkvenik.
Nolan is facing a strong challenge from Republican Stewart Mills, a rematch of the obscenely expensive 2014 race which Mills lost by just 1.4 percent of the vote.