House GOP leaders pour millions of dollars into NRCC after record-low fundraising month

House Republican leaders are pouring millions of dollars into the National Republican Congressional Committee after the party’s main fundraising arm reported its second-lowest monthly fundraising total in the last two election cycles for August.

Speaker Kevin McCarthy announced he’d be contributing $2.5 million to the NRCC, paired with $1 million from House Majority Leader Steve Scalise, the pair told House Republicans in a closed-door meeting on Thursday, a source familiar confirmed to the Washington Examiner. The contributions come after the NRCC reported a haul of $3.8 million in August, making it the lowest-performing month so far this year, according to public data compiled by the Federal Election Commission.

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The transfer this week brings McCarthy’s total contributions to the NRCC to $20 million for this cycle as the speaker seeks to maintain the party’s majority next year. McCarthy also informed GOP lawmakers he would transfer $2.5 million to his Protect the House 2024 joint fundraising committee, which aims to protect the party’s most vulnerable members.

Meanwhile, outside GOP groups announced record-breaking sums for the third quarter after the McCarthy-linked Congressional Leadership Fund raised $36 million over the last three months. Combined with money raised from the conservative American Action Network, the two groups announced a joint haul of $48 million in the last quarter.

In total, the two groups have raised $80 million so far this year, which is roughly $20 million more than what they had raised during the first three quarters of 2021.

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All 435 seats are up for grabs in 2024 as Republicans seek to hold their slim majority in the lower chamber. Of these, 42 are considered competitive, with most of those held by Democrats compared to Republicans — giving the GOP a slight advantage as it prepares for the next election cycle.

However, of the 42 competitive seats, 18 are held by Republicans in districts that voted for President Joe Biden in 2020, compared to just five Democrats who must defend their seats in districts carried by former President Donald Trump. That means there are just enough vulnerable GOP-held seats to keep things competitive heading into the next election cycle.