FEC Approves Rule to Remove Candidate Loan Repayment Restrictions

The FEC approved an interim final rule that removes regulations that previously restricted the repayment of personal loans candidates made to their campaigns. In May, the Supreme Court ruled that existing candidate loan repayment restrictions were unconstitutional. Under the old rules, campaigns could raise money after election day to repay candidate loans up to $250,000 up to 20 days after the election. The final rule is still subject to congressional approval and will go into effect 30 days after it is passed by both chambers.