At what point is a presidential candidate required to make his financial matters public?

1 Answer

Answer :

Presidential candidates have until April 15 to submit their financial disclosure reports. If they become a candidate on or after April 15, they have 30 days to submit their report. Candidates can apply for a maximum of two extensions of up to 45 days each (subject to approval from the FEC). Once a report is overdue by 30 days or more, candidates are fined $200 by the FEC and may be investigated by the Department of Justice (which could result in further fines up to $5,000). As far as I can tell from reading the law (PL 95–521, the Ethics in Government Act of 1978), the only way that failure to disclose could result in disqualification is if a candidate refused to submit the report until seven days before the election—and even that is not spelled out explicitly.

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