John Kerry to Sell Bulk Email Address Containing 3 Million Names?

Word has it that Sen. John Kerry is raising money for a bid at a 2nd try for a presidential bid. But if his bid doesn't go through he may opt to sell his email list of 3 million names to the next highest bidder as the next candidate for 2008.

During his 2004 bid for president, Kerry raised more than $80 million via the Internet, and in the process compiled an e-mail list of 3 million names. Should Kerry decide to run again, his Internet fundraising capability will be key. If he takes a pass, he becomes a major power broker by deciding which candidate can use (or buy) the list.

Sending bulk email violates the service terms of most Internet service providers. Several states have laws regulating the sending of unsolicited commercial email, which a person may violate by sending bulk email.

But the question remains, is this type of activity illegal/prohibited when it comes to selling list of names to another candidate or group representing a party (e.g. Republican, Democrat, etc)? In other words, are unsolicited emails allowed by the FEC?

UPDATE: From Jason of Generation Why who responded.

From the privacy policy statement on johnkerry.com:

When you sign up on JohnKerry.com, we may ask for your name, address, telephone number, email address, and other information. We use the information you provide to send you the latest news and updates from John Kerry. We work closely with Democratic candidates, parties and allied organizations and may share some basic contact information with them, and they may contact you.

Granted. Permission based marketing use of the email addresses. But are they allowed to profit from it on selling their list of email names?