ChicletQuestions to those more knowledgeable in campaign finance law.
Is this legal? Is this considered a massive loophole? Or is this illegal?
Has something similar ever been done before?
At first glance this would appear as if people who donate to OTHER campaigns will have 5% of their money going to Trump without their consent. So would each donation count separately, and stay clear of individual contribution limits? Or do all donations roll up into a single larger contribution that would certainly be above the FEC limits?
https://www.politico.com/news/2024/04/17/trump-campaign-fundraising-five-percent-00152830
" Trump’s campaign has acknowledged that it will be outraised by Biden, though it has been looking to make up ground, with large and small donors alike. By asking Republican candidates to break off a chunk of their proceeds, the Trump campaign would enlarge its bank account."