Bernie Sanders releases campaign finance plan while recuperating

Key Points
  • Bernie Sanders is unveiling a major campaign finance plan, continuing his 2020 presidential bid even as he's at home recuperating from a heart attack.
  • The Vermont senator said Monday that as president he'd enact mandatory public financing laws for all federal elections and ban corporate donations for inaugural events.
  • Sanders also would institute a lifetime lobbying prohibition for former members of Congress and senior staffers and ban advertising during presidential debates.
2020 Democratic U.S. presidential candidate and U.S. Senator Bernie Sanders speaks during a campaign event in West Branch, Iowa, August 19, 2019.
Al Drago | Reuters

Bernie Sanders is unveiling a major campaign finance plan, continuing his 2020 presidential bid even as he's at home recuperating from a heart attack.

The Vermont senator said Monday that as president he'd enact mandatory public financing laws for all federal elections and ban corporate donations for inaugural events.

Sanders also would institute a lifetime lobbying prohibition for former members of Congress and senior staffers and ban advertising during presidential debates.

Sanders says if he wins Democrats' presidential nomination he'll ban corporate contributions to the Democratic Party Convention. He notes that in 2016, 17 donors gave three-quarters of funding for the party's convention.

Sanders has promised to return to work after "a short time off." Following a strong fundraising quarter through September, his campaign's war chest was worth $33.7 million.

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Key Points
  • The Democratic National Committee, which is struggling to keep up with its Republican counterpart's fundraising pace, is turning to 2020 presidential candidates for help raising cash in the pivotal fourth quarter.
  • Elizabeth Warren, Kamala Harris, Tom Steyer and Julian Castro will be taking part in fundraising events in October that will benefit the DNC.
  • The latest filings show that the Republican National Committee raised just over $23 million in August and has $53 million on hand, while the DNC brought in $7.9 million and has $7.2 million in debt