SCOTUS decision for Ted Cruz will end stricter RI campaign loan limits


A U.S. Supreme Court ruling in favor of Sen. Ted Cruz of Texas could benefit Rhode Island political candidates who loan their campaigns large sums of money.

In a 6-to-3 decision, the high court said Cruz, a Republican, can repay personal loans he made to his campaign with political donations exceeding the federal $250,000 reimbursement limit. 

The $250,000 limit on personal loan repayments, part of the McCain-Feingold campaign finance law, is the latest campaign finance law the court has struck down as an unreasonable infringement on political speech.

Cruz

And in addition to the impact it will have on federal elections, the ruling will mean the end of an even stricter limit on campaign loan repayment in Rhode Island elections.

State law allows candidates to use up to $200,000 in donor cash to repay themselves each election cycle. Unlike the federal limit, which applies only to donations collected after each election, the Rhode Island limit applies to contributions made before and after the vote.

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