Tag Archives: campaign finance

NBC News reports: The Supreme Court on Monday struck down a federal restriction that applied to candidates who loan large amounts of money to their own political campaigns, a victory for Sen. Ted Cruz, the Texas Republican who challenged it. In a 6-3 ruling, the court said the law, adopted in 2002, was a violation of a political candidate’s free …

The Washington Post reports: In the final days of the 2018 election, Sen. Ted Cruz (R-Tex.) loaned his campaign $260,000, specifically so he could challenge an obscure campaign finance restriction that only $250,000 in personal loans can be repaid with money raised after an election. Oral arguments at the Supreme Court on Wednesday indicated Cruz is in position to collect …

The Daily Beast reports: A gun control nonprofit founded by former Rep. Gabby Giffords (R-AZ) sued the National Rifle Association on Tuesday, filing a federal lawsuit alleging that the gun rights group carried out an illegal, multimillion-dollar political coordination scheme that went on for years to the benefit of Donald Trump and other Republicans. It could also be a landmark …

The Daily Beast reports: Swing-district Rep. Claudia Tenney (R-NY) has styled herself as a small business booster in the image of Donald Trump—and just like the former president, some of Tenney’s favorite businesses to support seem to be her own. According to a Daily Beast review of Federal Election Commission records, the congresswoman from upstate New York—who scratched out a …

Roll Call reports: The Supreme Court announced Thursday it will decide a challenge to an obscure section of a campaign finance law from Texas Republican Sen. Ted Cruz — one that includes whether it matters if he “self-inflicted” a $10,000 harm during his 2018 run for Senate just so that he could file a lawsuit. The Federal Election Commission asked …

The Washington Post reports: Attorneys general in four states are looking into the online fundraising practices of both major political parties, according to court documents and a person with direct knowledge of the matter. The practices being examined include the use of pre-checked boxes that lock in recurring donations from political donors who may not intend to sign up for …

Axios reports: The National Republican Congressional Committee is the first national party committee to solicit crypto donations. That puts it at the forefront of a disruptive financial technology that could test campaign finance rules. “We are focused on pursuing every avenue possible to further our mission of stopping Nancy Pelosi’s socialist agenda and retaking the House majority, and this innovative …

The Hill reports: A federal court on Thursday sided with Sen. Ted Cruz (R-Texas) in his lawsuit against the Federal Election Commission (FEC), striking down rules limiting how much money candidates can raise after an election to pay off loans. Cruz challenged a section of election law that says campaigns cannot pay back more than $250,000 in personal loans through …

The Daily Beast reports: In September and October of last year, Cruz’s campaign, Ted Cruz for Senate, paid for 17 ads on his official Facebook candidate page promoting retail sales of his book, One Vote Away: How A Single Supreme Court Seat Can Change History. The Federal Election Commission bars candidates from using contributions to line their own pockets, such …

Raw Story reports: The FEC has asked Jordan’s campaign committee to explain large accounting discrepancies between reports filed several years ago and amended reports filed earlier this year, showing differences of hundreds of thousands of dollars, reported Cleveland.com. “The campaign has filed an amendment with the FEC to correct its campaign finance reports going back to 2018,” said Jordan’s campaign …

Axios reports: California venture capitalist Imaad Shah Zuberi was sentenced to 12 years in prison on Thursday for unregistered foreign lobbying, illegal campaign contributions and obstruction of justice. Details: The obstruction of justice charge against Zuberi stemmed from an investigation into a $900,000 contribution he made to former President Trump’s inaugural committee. Zuberi was also ordered to pay a $1.75 …

The Daily Beast reports: Even by post-Citizens United standards, it is an absurd, Scrooge McDuck-level haul. The Biden campaign could suspend fundraising entirely and drop more than $20 million a day, every day, until the election without bouncing a single check. But according to top-level donors and an ambitious schedule of upcoming fundraisers, there’s no plan to slow down—just in …

Forbes reports: In the latest fundraising boost for team blue, Democrats raised $15 million in just over 12 hours after the start of Wednesday night’s vice presidential debate—a sign that Sen. Kamala Harris’ (D-Calif.) performance against Vice President Mike Pence resonated with at least some viewers. Putting Harris on the ticket as Biden’s vice presidential pick has already proven lucrative …

The New York Times reports: Joseph R. Biden Jr.’s campaign said on Sunday that it entered September with $466 million in the bank together with the Democratic Party, providing Mr. Biden a vast financial advantage of about $141 million over President Trump heading into the intense final stretch of the campaign. The money edge is a complete reversal from this …

The Washington Post reports: Trump on Tuesday confirmed a report that he is considering spending some of his own money on his reelection bid even as his campaign insisted it would have enough cash to compete in the final stretch of the race against Biden. “If I have to, I would,” Trump said when asked by a reporter if he …

Axios reports: Money concerns are very real for President Trump’s campaign — an unusual predicament for a sitting president, and one that worries veteran Republican operatives, with Trump so far behind in swing states as the race climaxes. The campaign’s view is that Trump will get his message out, and he depends less on paid media than normal politicians. But …

Politico reports: Joe Biden raised $46.7 million in March, his campaign announced Monday, notching his best fundraising month of the campaign — and besting President Donald Trump — as he took control of the Democratic primary. The fundraising, prompted by Biden’s strong win in South Carolina’s primary on the last day of February and a cascade of Super Tuesday victories, …

Politico reports: Former campaign workers for Mike Bloomberg are suing the billionaire former presidential candidate for fraud, alleging in a nationwide class action lawsuit that as many as 2,000 employees were promised to be paid though the general election before he laid them off. Plaintiffs in the class action include two organizers who halted the interview process for other jobs …

The Washington Post reports: Sen. Bernie Sanders raised $46.5 million in February, his presidential campaign said Sunday, a huge sum that could help sustain him in a lengthy battle for the nomination. The Vermont senator, who won nominating contests in Nevada and New Hampshire last month, has vaulted to the top of the field in recent national polls. But former …

ProPublica reports: Former Donald Trump campaign CEO and chief strategist Steve Bannon used a private jet apparently owned by a wealthy Chinese businessman to fly to events to promote Republican congressional candidates in 2018. The previously unreported flights could run afoul of a campaign finance law that bars foreign money from U.S. elections, according to campaign finance experts, though it …