Former Florida Gov. Jeb Bush will reportedly declare his intention to run for Republican nomination for president soon, after months of speculation and fundraising.
Unidentified senior aides to Bush confirmed that the 62-year-old will officially enter the presidential race on June 15, notes The Associated Press.
Bush has been exploring whether or not to enter the race since December 2014, which appears to be a tactical decision.
Under U.S. law, an official presidential candidate may not coordinate with a political action committee.
So by not declaring for months, Bush has been able to raise money for Right to Rise, which is his own political action committee and super PAC.
The New York Times reported in March: "Mr. Bush's Right to Rise organization operates two federal committees: a political action committee that has contribution limits for donations and a super PAC that does not."
CBS News noted in January: "If Bush decides to declare he's running for president, he can no longer control his super PAC. But if he transfers it to another person's control, the new head of the super PAC can take all of the money Bush raised while he wasn't a candidate — with no limits on the amount he could ask for — and start using it to help Bush's official campaign. At that point, Bush would be subject to the election rules governing candidates."
According to The Intercept, donors to the Right to Rise super PAC include Ignacio Sanchez, a lobbyist for Saudi Arabia, George Salem, another lobbyist for Saudi Arabia, and former Republican Sen. Don Nickles of Oklahoma, who now lobbies for companies such as Wal-Mart and Exxon, as well as for Taiwan and the Republic of Korea.
The Intercept also listed numerous politicians and corporations that are believed to have donated to Bush's super PAC.
The Intercept adds, "When the full data is released in July, some expect the entire haul to rise to as much as $100 million."
Sources: AP, The Intercept, The New York Times, CBS News
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