Gingrich launches fundraising effort to retire $4.7 million campaign debt

Gingrich is creating the "Committee for America," an organization that will allow him to both pay down debt on his campaign committee and raise money for his political action committee, formed in 2010, to back conservative candidates in other races.


“The American Legacy PAC will use proceeds to fund federal candidates and provide online training material for conservative candidates,” Gingrich spokesman R.C. Hammond told the Post. “Newt 2012 will use proceeds to retire debt obligations incurred during the 2012 Republican presidential primary campaign.”

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In 2012, the American Legacy PAC raised half a million dollars, the vast majority of which was spent paying the telemarketing firm Infocision. The PAC also made donations to presidential nominee Mitt Romney ($2,500), Gingrich ($2,500), the leadership PAC of former Florida Rep. Allen West ($2,000) and the unsuccessful Senate campaigns of Republican candidates Josh Mandel in Ohio ($250) and George Allen in Virginia ($250), according to the Sunlight Foundation.

The Post reported that the committee will host its first fundraiser later this month in Greenville, S.C. — the site of Gingrich's most impressive primary win during the 2012 campaign.

Gingrich has slowly re-emerged back into the public eye in recent weeks, including giving a speech at the Conservative Political Action Conference earlier this month. On Monday, Gingrich raised eyebrows with a thirty-minute online video discussing the future of driverless cars, part of his "Newt University" lecture series.