4 FEDERAL ELECTION COMM’N v. TED CRUZ FOR SENATE Opinion of the Court As the Government recognizes, the Committee’s present inability to repay the final $10,000 of Cruz’s loans constitutes an injury in fact both to Cruz and to his Committee. See Reply Brief 8. Cruz, of course, suffers a $10,000 pocketbook harm. See Czyzewski v. Jevic Holding Corp., 580 U. S. 451, 464 (2017). And the bar on repayment injures the Committee by preventing it from discharging its obligation to repay its debt, which may inhibit that form of financing in the future. The Government maintains, however, that these injuries are not traceable to the threatened enforcement of Section 304, for two reasons: first, because the inability to repay Cruz’s loans was “self-inflicted,” and second, because it is the threatened enforcement of an agency regulation, not the statute itself, that causes the harm. We address each argument in turn. A First, the Government argues that appellees lack standing because their injuries were “self-inflicted.” Brief for Appellant 20. Because appellees knowingly triggered the application of the loan-repayment limitation, the Government says, any resulting injury is in essence traceable to them, not the Government. The predicate for this argument is appellees’ stipulation in the District Court that “the sole and exclusive motivation behind Senator Cruz’s actions in making the 2018 loan[s] and the [C]ommittee’s actions in waiting to repay them was to establish the factual basis for this challenge.” App. 325. At bottom, the Government asks us to recognize an exception to traceability for injuries that a party purposely incurs. We have never recognized a rule of this kind under Article III. To the contrary, we have made clear that an injury resulting from the application or threatened application of an unlawful enactment remains fairly traceable to such application, even if the injury could be described in some sense as willingly incurred. See Evers v. Dwyer, 358 U. S. 202,