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Commission issues advisory guidance on candidate loans and adopts rule clarifying 'controlling interest'
Summary
The commission issued AO2025‑02 clarifying that a candidate may loan personal funds to a leadership committee or PAC and later be repaid without creating excess contributions, and it adopted a rule defining 'controlling interest' (proposed 51% threshold) to guide future enforcement of expenditures to nonprofits controlled by candidates.
At its Dec. 4 meeting the Government Transparency & Campaign Finance Commission adopted advisory opinion AO2025‑02 and a new interpretive rule clarifying how it will treat candidate loans to leadership committees or PACs and when a candidate has a "controlling interest" in a nonprofit that would bar expenditures of excess campaign funds.
The advisory opinion responded to attorney Brian Tyson's request about whether a candidate may loan personal funds to a…
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