Cruz wants donors to repay $10K he loaned to his 2018 campaign
Source: The Hill
Sen. Ted Cruz (R-Texas) argued in federal court this week that donors should be allowed to repay $10,000 he loaned to his 2018 Senate campaign despite exceeding a cap set by the Federal Election Commission (FEC).
Cruz, who defeated former Rep. Beto O'Rourke (D-Texas) in a tight race that garnered national attention, borrowed $260,000 from a personal investment account in 2018 and donated it to his campaign shortly before the election, The Dallas Morning News reported.
Federal election law stipulates that candidates have up to 20 days after the election to collect donations and use them to repay personal loans to a campaign. After the 20th day, they can recoup no more than $250,000.
Cruz's lawyer argued in court this week that the FEC cap amounts to a suppression of First Amendment rights, and that he should be able to collect the remaining $10,000 from donors, the newspaper reported.
Read more: https://www.msn.com/en-us/news/politics/cruz-wants-donors-to-repay-10k-he-loaned-to-his-2018-campaign/ar-BB1aw0yA?li=BBnbfcQ&ocid=DELLDHP
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