Supreme Court strikes down campaign loan repayment limits [View all]

[In It to Win It]

The Supreme Court on Monday struck down a federal restriction that applied to candidates who loan large amounts of money to their own political campaigns, a victory for Sen. Ted Cruz, the Texas Republican who challenged it.

In a 6-3 ruling, the court said the law, adopted in 2002, was a violation of a political candidate’s free expression, applying longstanding rulings that said because money buys the ability to spread a political message, limits on expenditures implicate the First Amendment.

Under the law at issue, candidates who contributed money to their own campaigns could be paid back from the pool of other campaign contributions. But the repayments were capped at $250,000.

Sen Cruz loaned his re-election campaign $260,000 — intentionally going above the limit in order to trigger a legal challenge — when then-Rep. Beto O’Rourke ran against him in 2018.

https://news.yahoo.com/victory-sen-ted-cruz-supreme-141503602.html

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