Biden’s inaugural committee prevents donations from lobbyists, fossil fuels

U.S. Vice President Joe Biden and Dr. Jill Biden will be dancing at the Commander-in-Chief’s inaugural ball at the Walter Washington Convention Center on January 21, 2013 in Washington DC.

Chip Somodevilla | Getty Images

WASHINGTON – Joe Biden’s newly formed inaugural committee accepts donations from both individuals and companies up to $ 100,000, but rejects donations from registered lobbyists and fossil fuels.

The donation rules were posted on Monday on the new induction website and reflect the continuation of Biden’s presidential campaign rules, which banned donations from registered lobbyists and foreign agents, as well as donations in excess of $ 200 from employees of fossil fuel companies.

The founding committee goes one step further, excluding “donations from fossil fuel companies (i.e., companies whose primary activity is the extraction, processing, distribution, or sale of oil, gas, or coal), their executives, or PACs organized by them. “

But with the green light on corporate contributions up to $ 100,000, the committee is offering U.S. businesses and trade associations the first real opportunity to show visibly and financially support for incoming administration.

Also on Monday, the Biden Transition announced the inaugural committee’s leadership team. Tony Allen, president of Delaware State University, a historically prominent black college, has been appointed CEO of the committee.

Manu Varghese, former advisor and chief operating officer for Biden’s campaign, will serve as executive director, joined by two deputy executive directors: Erin Wilson, former campaign assistant for Biden, and Yvanna Cancela, Senator of the State of Nevada.

Biden’s team, announced on Monday, will be tasked with an unprecedented challenge: How to inaugurate a president during an epidemic.

One of Biden’s core values ​​during the presidential campaign was that he insisted on responsible public health precautions, so it’s unlikely that the events of January will hold balls and mass gatherings at the National Mall that traditionally accompanied U.S. presidential inaugurations.

And while Biden’s swearing-in plans are still in their infancy, White House incoming Chief of Staff Ron Klain recently suggested that virtual inauguration events like this year’s Democratic National Convention could be the way to go.

“They are trying to maintain an installation that respects the importance and symbolic meaning of the moment, but does not result in the spread of disease. That is our goal,” Klain said on November 22 on the ABC side. This week.”

“You know, it’s very productive and I think we had an engaging Democratic congress in August of this year, in a way that was safe for people to attend and watch, communicating with the American people,” Klain added.

Biden’s new fundraising rules are strictly different from the inauguration of President Donald Trump’s predecessor, Biden. Trump’s 2017 founding committee did not set limits on the amount of money allowed to donate to companies and individuals if they were not foreign.

As a result, Trump raised a staggering $ 107 million for his inaugural events, which included three official inaugural balls and a series of VIP events at and around Trump’s Washington DC hotel.

Exactly how Trump’s team spent so much money on relatively few events has been debated ever since. In January of this year in Washington DC, Attorney General Karl Racine sued Trump’s inaugural committee, alleging misuse of funds in violation of Columbia district laws. The lawsuit is pending.