Give This a Close Read

Don’t miss Allegra Kirkland’s look at the NRA’s admissions about foreign funding. It is a very heavily lawyered letter which concedes that the NRA does receive funding from foreign individuals and entities. They also note that they move money between various accounts “as permitted by law.” This pretty clearly would allow the NRA to take foreign money into its non-election related accounts and then take money from those accounts which could be used on US elections and use it for that. In other words, all money is fungible and they’re conceding the mechanism to operationalize that fungibility. Lots of questions remain. But these are pretty key admissions, given the questions about the NRA’s ties to Russia and chatter about Russian money moving through the NRA into the 2016 election.