“Some parties will have difficulties” | EUROtoday

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Lhe president of the marketing campaign accounts and political financing fee (CNCCFP) is “concerned”. “The approximately 4,000 candidates in the legislative elections of June 30 and July 7 are required to each open a bank account specific to the campaign,” explains to Point Jean-Philippe Vachia, the president of the physique. Usually, the date of the subsequent legislative elections being identified 5 years prematurely, the candidates start to open their accounts six months earlier than the primary spherical. This time they may have three weeks.

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“For the outgoing deputies, they will go to the same bank as during the previous legislative elections,” explains the supervisor. But for others, the lowered deadline represents a danger. If a candidate can’t open an account in a banking institution, he should contact the Banque de France which may power a financial institution to take action.

With two electoral campaigns – European and legislative – so shut collectively in time, Jean-Philippe Vachia considers it “possible that certain parties will have difficulty absorbing such a significant financial burden”. Especially as a result of the truth that European candidates who can see their marketing campaign bills reimbursed – if they’ve forged greater than 3% of the votes forged – will solely be reimbursed on the finish of the yr.

A excessive most spending restrict that’s not often reached

There are three sources of funding for candidates:

  • their very own assets (their private fortune or loans they’ve taken out in their very own identify);
  • donations made by people;
  • the assistance offered by a political group.

In the third case, the events both contribute their monetary reserves or they lend cash to the candidates. However, the candidate lists for the European elections will solely be capable to reimburse their occasion after they themselves have been reimbursed for his or her marketing campaign bills, which can subsequently solely occur after the legislative elections. The 38 candidate lists for the European elections should have submitted their marketing campaign accounts no later than August 16.

“The possible spending ceiling for the legislative campaign is 60,000 to 70,000 euros per constituency,” specifies Jean-Philippe Vachia. A most of 5% of bills will be reimbursed, or a most of three,000 euros. For the 2022 legislative elections, nearly all of candidates had not reached the spending ceiling. In addition, “we do not spend as much for a six-month campaign as for a three-week campaign,” underlines Jean-Philippe Vachia.

Capping loans

In a report revealed this Thursday, June 13, submitted to the federal government, the Élysée and the presidents of the 2 homes of Parliament, the CNCCFP makes three major suggestions.

First, that loans granted by people to political candidates and events be capped, as donations already are. Indeed, donations are capped at 4,600 euros for a donation to a candidate, and at 7,500 euros for a donation to a political occasion. They will be mixed: for instance, you can provide 7,500 euros to the PS and 4,600 euros to every of the PS candidates within the legislative elections.

Then, the fee recommends that loans and donations be reserved for folks of French nationality. “This is not the case today, even if, in fact, foreign people who agree to loans or donations are rare,” explains Vachia.

Finally, the CNCCFP needs to be the recipient of data reported by Tracfin, a French intelligence service chargeable for the combat towards cash laundering, terrorist financing, tax, social safety and customs fraud. Today, when the fee has suspicions, it’s required to report them to Tracfin. But in response to the fee, she was then evaded the investigation carried out by Tracfin.