As Braun runs for Indiana governor, regulators investigate 2018 Senate campaign

As US Senator Mike Braun launches his campaign for Indiana governor in 2024, there's still a looming a federal investigation into potential campaign finance violations stemming from his race for Senate.

An audit of Braun's 2018 Senate campaign by the Federal Election Commission identified multiple potential violations of campaign finance law.

While some potential violations have already been dismissed, outstanding issues still under review include

•  Failure to disclose required information for 387 donors
•  Failure to disclose loan balances and terms for $11,569,963 worth of transactions
•  Accepting excessive contributions, totaling $1,086,378

Mike Braun for Indiana, the campaign committee at the center of the audit, has contested the findings of the final audit released in June.

Regulators have not handed down any penalties or enforcement actions, yet.

“We anticipate wrapping up the administrative process with the FEC soon and expect a favorable outcome," Mike Braun Chief of Staff and Senior Political Advisor Josh Kelley told ABC57 in an email. "Despite efforts to sensationalize the findings of overzealous audit staff, the FEC Commissioners have consistently ruled in our favor and tossed out the majority of the Findings in the Audit, and we expect the remaining minor issues to be favorably resolved before the process is complete."

The FEC's final audit report of Mike Braun for Indiana states, "The Federal Election Commission may initiate an enforcement action, at a later time, with respect to any of the matters discussed in this report."

You can read the full audit HERE.