Mike Pompeo pours cash into new PAC bearing his slogan

Former Secretary of State Mike Pompeo is pouring money into a new political group amid speculation about a possible 2024 presidential run, records show.

Why it matters: Champion American Values, formed in February, is the same phrase that Pompeo has been using lately including during remarks last month to an influential group of Republicans in Iowa, seen as a clear sign he's considering a 2024 bid.

Between the lines: Pompeo hasn't officially declared his affiliation with the new PAC. But in records posted Thursday, his still-active House campaign committee reported steering $155,000 to the group just two days after it was formed.

Champion American Values uses the same treasurer and Wichita bank as that campaign committee.
Its acronym, CAV PAC, invokes Pompeo's service as an Army cavalry officer.