Trump-endorsed JD Vance still fails to follow financial rules

  • US Senate candidate JD Vance has just won the endorsement of Donald Trump in the high-profile Ohio race.
  • But Vance has struggled to comply with federal financial disclosure rules.
  • Federal regulators recently accused his campaign of failing to properly disclose $700,000 in loans.

In November, Republican U.S. Senate candidate JD Vance missed a deadline to disclose his personal finances, in violation of federal law.

When Vance finally detailed his finances about a month late, his disclosures to Congress lacked key details about his expansive wealth, including how much money Vance made from the Netflix adaptation of his novel “Hillbilly Elegy.”

Now the Federal Election Commission is pushing Vance’s campaign committee to spit out details about the $700,000 in loans Vance personally made to his campaign.

“You must provide the name and address of the source of the loan, the date of commitment, the original amount of the loan, the date of maturity, the interest rate, the accumulated payment and the outstanding balance,” a writes Brian Buhr, senior campaign finance analyst for the FEC. April 19 to JD Vance for Senator Inc.

Vance’s campaign could be investigated, audited or fined by the FEC for failing to properly disclose the terms of Vance’s personal loans to his campaign.

The FEC specifically flagged a $100,000 loan Vance made to his campaign on May 19, 2021 and a $600,000 loan he made on March 31, 2022.

JD Vance Loan Disclosure

US Senate candidate JD Vance revealed he loaned his campaign $600,000 on March 31, but federal election regulators say he wrongly omitted key details.

Federal Election Commission

Vance’s campaign incorrectly excluded details about loan maturity dates and interest rates, as well as whether Vance himself presented the money or obtained it from a lending institution, according to the FEC. For the $100,000 loan, Vance should have revealed that information months ago, the FEC said.

Vance’s campaign told Insider they are looking into the matter.

“As is common, we are in the process of amending our FEC report to provide the information requested by the Commission on JD’s loan to the campaign,” Vance campaign spokesman Taylor Van said Wednesday afternoon. Kirk.

Vance is one of seven candidates for the Republican Party nomination in Ohio’s hypercompetitive — and decidedly nasty — U.S. Senate race, the outcome of which could have a big bearing on whether or not to retain — or lose — the US Senate. majority of Democrats in the Senate.

In addition to Vance, top Republican contenders include former Ohio State Treasurer Josh Mandel, investment banker Mike Gibbons, former Ohio Republican Party Chairwoman Jane Timken and Senator from State Matt Dolan. The winner of the May 3 GOP primary will likely face Democratic Representative Tim Ryan, who briefly ran for president ahead of the 2020 election.

Last week, Vance won the endorsement of former President Donald Trump – a major boost for his campaign, given that Trump in 2020 won Ohio by 8 percentage points despite losing the election to current President Joe Biden.

“With JD Vance, Ohio gets both brains and brawn. Ohio has been good for me, I’ve won it twice, really BIG, and I’ve been BIG for Ohio as well. Let’s keep it up!” Trump said in a statement.

Vance immediately touted Trump’s endorsement in a campaign ad.

Trump’s endorsement shocked some political observers, especially since Vance had previously castigated Trump’s style, substance and effect on American society.

“I go back and forth between thinking that Trump is a cynical asshole like Nixon who wouldn’t be so bad (and might even come in handy) or that he’s America’s Hitler,” Vance reportedly wrote in a Facebook post. of 2016.

“Trump scares the people who matter to me. Immigrants, Muslims, etc. For this reason, I find him reprehensible. God wants best from us,” Vance said in an October 2016 tweet.

Vance has since expressed regret for his fleeting never-Trumpism.

“Like a lot of people, I criticized Trump in 2016,” Vance said during a Fox News interview in July. “And I ask people not to judge me based on what I said in 2016, because I was very open about the fact that I said these critical things and I regret them, and I regret for mistaking the guy.”

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