U.S. Rep. Steve Watkins of Kansas forgives $225,100 loan to his 2018 campaign

McClatchy DC Bureau

A candidate can repay the full value of personal loans using contributions made before the election, for up to 20 days after the election, said Brendan Fischer, director of federal reform for the nonprofit Campaign Legal Center in Washington, D.C. “But they can only use funds raised after the election to repay up to $250,000 of outstanding personal loans,” Fischer said. “So basically, 20 days after an election, a candidate must forgive any personal loans to the campaign that exceed $250,000.”

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