Marc Elias

August 13, 2008 - 2:39pm

Lautenberg looks to take advantage of Millionaire's Amendment ruling, Zimmer says

By Matt Friedman, PolitickerNJ.com Reporter

A move by U.S. Sen. Frank Lautenberg to repay his own campaign debts has drawn the ire of his opponent, former U.S. Rep. Dick Zimmer.

Lautenberg attorney Marc Erik Elias penned a letter to the Federal Election Commission (FEC) last month arguing that, since the U.S. Supreme Court struck down the “Millionaire’s Amendment,” a provision of the law that any personal loans over $250,000 not repaid before the election should be considered nonrefundable – meaning that Lautenberg would be unable to raise funds to repay his own debt after that period.

Lautenberg loaned himself $1.65 million during his June primary campaign against U.S. Rep. Rob Andrews.

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