FEC: Complaint Filed by CLC & Democracy 21 Regarding Cruz Bank Loans


Campaign Legal Center and Democracy 21 filed a complaint with the Federal Election Commission (FEC) urging the FEC to investigate apparent violations of campaign finance laws by Senator Ted Cruz and the 2012 Cruz for Senate Campaign relating to loans he obtained from Goldman Sachs and Citibank for use in his 2012 Senate campaign. According to the complaint, Senator Cruz failed to report the loans to the FEC, as required by law, and may have used a portion of his wife’s assets to secure the loan resulting in the campaign accepting excessive contributions.

Update: On March 15, 2019, CLC released a letter from the FEC announcing a $35,000 fine on Cruz as a result of CLC's complaint.