Restore Our Future
| Legal status | Active |
|---|---|
| Purpose | Elect Mitt Romney as President |
| Website | Restore Our Future |
Restore Our Future is a political action committee (PAC) created to support Mitt Romney in the 2012 U.S. Presidential election. A so-called Super PAC, Restore Our Future is permitted to raise and spend unlimited amounts of corporate, union, and individual campaign contributions under the terms of the Citizens United Supreme Court decision.
Restore Our Future was founded by Romney aides in 2010. Charles Spies, the group's treasurer and former general counsel for Romney's 2008 campaign for the Republican presidential nomination, described Restore Our Future as "an independent effort focused on getting Romney elected president." The group reported raising over $12 million in the first half of 2011, in the form of large donations from approximately 90 wealthy individuals and corporations. As of July 2012, Restore Our Future had raised more than $60 million, nearly half from Wall Street contributors. Spies declined to discuss specific contributors to the PAC.
As of July 2012, Restore Our Future had raised more than $60 million, a large portion of which came from Wall Street contributors.
As of August 2011[update], the largest individual contributor to Restore Our Future was John Paulson, a billionaire and hedge fund manager who is, according to Politico, "famous for [having enriched] himself by betting on the collapse of the housing industry." An additional million dollars came from W Spann LLC, a dummy corporation with no record of actual business activities. W Spann LLC was incorporated, donated to the PAC, and then dissolved in a matter of months, attracting concern from election-watchdog groups and campaign-finance experts about the use of dummy corporations to shield large campaign contributions from public scrutiny.
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