Matt Rourke/AP
- Democratic Rep. Adam Schiff's Senate campaign is sitting on more cash than any presidential candidate.
- The campaign reported having about $29,800,864 in cash on hand at the end of Q2.
- The haul can in part be attributed to a massive fundraising push by his campaign after the House of Representatives censured him.
Rep. Adam Schiff can rest easy following the release of his Senate campaign's most recent financials, which show the campaign is sitting on more money than any single presidential candidate.
According to his campaign's most recent financial disclosure, it's currently got about $29,800,864 of cash on hand. That's just over $2 million more than the second-highest candidate or committee, the Democratic National Committee, reported having.
Schiff's massive fundraising haul in comparison to the presidential candidates and party committees was first pointed out by Rob Byers, the research director of California Target Book.
—Rob Pyers (@rpyers) July 17, 2023
Schiff's campaign also has millions more cash on hand than any other presidential candidate. According to FEC records, the presidential campaign with the closest amount of cash on hand is that of former President Donald Trump, which reported having $22,516,391 of cash on hand (about $10 million more than his Republican rival Florida Gov. Ron DeSantis).
Schiff's Senate campaign may directly have more cash on hand than that of Trump or DeSantis, however, they have the backing of two fundraising machines in the Save America PAC and the Never Back Down PAC, respectively.
While neither PAC's fundraising totals and amount of cash on hand have been released by the Federal Elections Commission yet, the Never Back Down PAC told NBC News it raised a whopping $130 million in Q2 of 2023 alone.
The money that Schiff's Senate campaign is sitting on will become increasingly useful in the coming months as he runs a competitive campaign against Rep. Katie Porter and longtime Rep. Barbara Lee to replace outgoing Sen. Dianne Feinstein.
As Insider's Bryan Metzger previously reported, the Republican-led House of Representatives' decision to censure Schiff in June likely only bolstered his bank account as his campaign appeared to use the situation as an opportunity to fundraise.
According to a survey from the Public Policy Institute of California taken in June, Schiff is currently trailing Porter by 3 percentage points in the race for the Senate.