Democrat Al Franken is sitting on a small political fortune — and he’s preparing to use it.
Franken, who federal records indicate has more than $1.4 million in leftover cash sitting in his old U.S. Senate campaign account, is “likely to convert” that committee into a political action committee “in the near future,” Al Franken for Senate Treasurer Thomas Borman wrote in a letter to federal regulators this week.
Borman was responding to questions from the Federal Election Commission about the Franken committee’s “significant amount of residual cash on hand” and a request to “explain the committee’s intended use” for the money.