May 16, 2022      4:13 PM

Siding with Sen. Cruz, Supreme Court strikes down limit on repaying campaign loans

The latest from CBS News:

Washington — The Supreme Court on Monday invalidated a provision of federal campaign finance law capping the amount of money a candidate can be repaid for personal loans made to their campaign, siding with GOP Sen. Ted Cruz of Texas in his challenge to the restriction. The 6-3 ruling from the court's conservative majority is the latest in a string of decisions that have unraveled campaign finance limits under the First Amendment. This latest legal fight was mounted by Cruz, who loaned his 2018 reelection campaign $260,000 the day before the general election to force a challenge to the law.

Writing for the majority, Chief Justice John Roberts said the provision at the center of the case, known as Federal Election Commission v. Ted Cruz for Senate, "burdens candidates who wish to make expenditures on behalf of their own candidacy through personal loans," and violates the First Amendment rights of candidates and their campaigns to engage in political speech.

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