In August 2015, Lessig announced that he was exploring a possible candidacy for President of the United States, promising to run if his exploratory committee raised $1 million by Labor Day. After accomplishing this, on September 6, 2015, Lessig announced that he was entering the race to become a candidate for the 2016 Democratic Party's presidential nomination. Lessig described his candidacy as a referendum on campaign finance reform and electoral reform legislation. He stated that, if elected, he would serve a full term as president with his proposed reforms as his legislative priorities. He ended his campaign in November 2015, citing rule changes from the Democratic Party that precluded him from appearing in the televised debates.