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Compared with what is being insured, the current fund "is not a lot of money, if you think about it".
Meanwhile, Finland's looming elections seem to have delayed a decision on how to allow the current fund to lend its full €440 billion.
He argued that ministers could agree on the details of the post-2013 fund "and then apply sufficient and suitable elements" to change the current fund.
Leaders did agree to create a bailout mechanism that would operate after 2013, when the mandate of the current fund expired.
"Let's not have it be perceived as effective if in reality it is not," said Steven M.H. Wallman, a former S.E.C. commissioner, referring to the current fund structure.
So far, no one has been appointed to the independent advisory and monitoring board that the current fund is supposed to have.
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But it does make it even harder to compare the current fund-raising numbers to those in past elections.
"If he's not doing something like that, he's on the phone raising money," Mr. Hammond said, noting that the current fund-raising quarter ends on June 30.
Using direct mail and e-mail campaigns, the parents' group and the Lowell Alumni Association are doing the bulk of the current fund-raising.
Sinopec's board said in a statement on Monday that it had given Mr. Fu "full authority" to decided on issues related to the current fund-raising.
Some investigators suspected a Chinese connection to the current fund-raising scandal because several DNC contributors and major fund-raisers had ties to Beijing.
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