In a 6-3 decision, the Supreme Court ruled Monday that Sen. Ted Cruz (R-Texas) can now hit up donors to help pay himself back for the $555,000 he loaned to his campaigns in 2012 and 2018.
Cruz won the ability to recoup his loans with political donor money after the court ruled that a 2002 campaign finance law creates an unconstitutional burden on freedom of speech. That law prohibits candidates from raising up to $250,000 in post-election contributions to repay loans made during a federal political campaign.
The court’s decision could create a new way for political candidates to finance their campaigns through personal loans that would be paid back later by donors. That could also enable politicians to personally make money on their campaigns by charging interest on loans later repaid by donors. And it could also signal a further weakening of the already teetering edifice of campaign finance regulation.