Sen. Tim Scott Promises "Political Update" on Presidential Bid

COLUMBIA, S.C. (AP) — Republican Sen. Tim Scott of is inching ever closer to a presidential bid in 2024, scheduling his latest swing through early-voting states before returning home afterward to give donors a “political update."

According to an invitation obtained by The Associated Press, Scott will meet with donors to hold what's being advertised as a “Faith in America Summit” next month in Charleston. The schedule notes a reception and dinner on April 14, as well as “breakfast, policy discussions, and political update” the following day.

The event, characterized by a person familiar with Scott's plans as a gathering of “high-level fundraisers and supporters,” directly follows Scott's stops in Iowa and New Hampshire. The schedule was first reported by Politico.

The senator is expected to soon make a decision on whether to launch a 2024 campaign, according to the person familiar with his plans who was not authorized to discuss the matter publicly and spoke on condition of anonymity.

Scott, the Senate's sole Black Republican, would join others already in the race, including former President Donald Trump, tech investor Vivek Ramaswamy and former South Carolina Gov. Nikki Haley, who appointed Scott to the Senate in 2012.

Scott's donor gathering coincides with the filing deadline for first-quarter federal disclosures, providing a window into how Scott and others in the potential field are faring with contributors. After being reelection in November to what he has said would be his final Senate term, Scott ended the year with nearly $22 million on hand, according to federal filings, and that money could be transferred to another federal campaign.

The senator also has built a national network, with Opportunity Matters Fund, a pro-Scott super political action committee, spending more than $20 million to help Republicans in 2022 and reporting $13 million-plus on hand to start 2023. Tech billionaire has Larry Ellison has donated at least $30 million to the organization since 2021, according to federal filings.