FEC Unanimous: Cruz Improperly Accounted for Campaign Loans in 2012

The Federal Elections Commission unanimously ruled that Sen. Ted Cruz improperly accounted for campaign loans in his 2011-2012 run for the Senate, The Hill reported.

Of the $1.4 million Cruz loaned to his campaign, $1.1 million came from Goldman Sachs and Citigroup and therefore should have been disclosed, The Hill reported from the FEC report.

The commission did not say if Cruz would face a penalty.

The unanimous ruling is rare given the partisan nature of the five-member commission with a reputation for dysfunction and deadlock.

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