Sen. Ted Cruz, R-Texas, scored a Supreme Court victory on Monday, with a 6-3 ruling that a law limiting how much money raised after an election a campaign can use to repay loans from the candidate was unconstitutional.
Cruz had loaned his 2018 Senate campaign $260,000, but federal election law only allowed campaigns to repay a maximum of $250,000 from post-election funds, and even money raised preelection could only be used within 20 days of the election.
“This limit on the use of post-election funds increases the risk that candidate loans over $250,000 will not be repaid in full, inhibiting candidates from making such loans in the first place,” Chief Justice John Roberts observed in the court’s opinion. Roberts noted that at the time, that had been the most expensive Senate race ever.
The law in question is the Bipartisan Campaign Reform Act of 2002, and it says t… (Read more)