Donald Trump, Republican National Committee finalize joint fundraising agreement

Donald Trump and the Republican National Committee have finalized a joint fundraising agreement, allowing individual donors to give up to $449,400.

Under the agreement, finalized late Tuesday, the presumptive Republican nominee's campaign and the RNC will raise money for two joint fundraising committees: Trump Victory and Trump Make America Great Again Committee. Trump Victory will raise money for the RNC, Trump's campaign, and 11 state party committees, and will be able to accept donations of up to $449,400. Trump Make America Great Again Committee will direct funds just to the RNC and Trump's campaign, and will accept smaller donations.

"The RNC is excited to team up with the Trump campaign to expand the robust ground, data, and digital operation we have in place to elect Republicans up and down the ballot," RNC Chairman Reince Priebus said in a statement. "Donald Trump knows the importance of keeping our Republican majorities at the local, state, and national level, and these joint fundraising agreements are another vital step in making that happen."

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