He assumes the position at a possible inflection point for Republicans who have roiled Americans over economic concerns and government cuts.

It is the first time in the RNC’s history that a sitting vice president has held the position of finance chair, giving Vance a prominent, direct role in next year’s midterm elections and helping him build ties with top Republican donors. Vance headlined numerous fundraisers during the 2024 campaign, making the job an extension of those efforts.