Supreme Court strikes BCRA cap on candidate loan repayments in FEC v. Cruz

The Supreme Court ruled 6-3 in FEC v. Ted Cruz for Senate that Section 304 of the Bipartisan Campaign Reform Act, which capped post-election repayment of candidate personal loans at $250,000, violates the First Amendment. Senator Ted Cruz challenged the cap after lending his 2018 reelection campaign $260,000 and being barred from full repayment. Chief Justice John Roberts wrote the majority opinion; Justice Elena Kagan dissented, warning the ruling lets donors funnel money directly into officeholders' pockets.