On April 15, 2024, the U.S. Securities and Exchange Commission (SEC) censured and imposed a $60,000 civil penalty on Wayzata Investment Partners LLC (Wayzata) for violating SEC Rule 206(4)-5 (the Pay-to-Play Rule). Under the...more
4/29/2024
/ Campaign Contributions ,
Civil Monetary Penalty ,
Compensation ,
Fund Managers ,
Government Entities ,
Investment Adviser ,
Investment Management ,
New Rules ,
PACs ,
Pay-To-Play ,
Political Campaigns ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
State and Local Government
As interest rates have risen, more PACs are triggering federal income tax requirements stemming from interest they receive. Political organizations, including PACs, with more than $100 in taxable interest or investment income...more
On July 1, 2024, registration thresholds under the city of Chicago’s lobbying law take effect. Under the law, individuals will need to register for city lobbying communications if they:
- are compensated or spend $1,250...more
On February 2, 2021, the Federal Election Commission (FEC) announced new federal campaign contribution limits in accordance with the Bipartisan Campaign Reform Act of 2002, which requires the FEC to adjust certain federal...more
In light of the events at the Capitol on January 6, many companies have been reevaluating their political giving and the use of political action committees. The nonprofit Center for Responsive Politics has been tracking the...more
Below, please find a summary of notable political law developments in New York, Texas and the city of Los Angeles.
New York State Reduces Contribution Limits Beginning in November 2022 -
Late last year, the New York...more
2/27/2020
/ Campaign Contributions ,
Campaign Finance Reform ,
City of Los Angeles ,
City Planning Departments ,
Contribution Limits ,
Ethics Commission ,
General Elections ,
Land Developers ,
Lobbying ,
Local Ordinance ,
Pay-To-Play ,
Political Contributions ,
Primary Elections ,
Public Officials ,
State and Local Government ,
State Elections ,
State Legislatures
On February 7, 2019, the Federal Election Commission (FEC) announced new federal campaign contribution limits. The Bipartisan Campaign Reform Act of 2002 requires the FEC to adjust certain federal contribution limits every...more
On January 14, 2019, the New York state legislature passed A. 776 (the bill), which is designed to close the “LLC loophole” in state campaign contribution laws that treats LLCs as individuals, rather than corporations. New...more
On Wednesday, August 24, 2016, New York Gov. Andrew Cuomo signed into law an ethics package (the Bill) including campaign finance, lobbying and disclosure amendments. Below, we briefly summarize key provisions that (i) expand...more
The Department of Justice recently concluded its first criminal prosecution of coordination between an independent-expenditure-only committee (super PAC) and a campaign committee. On June 12, 2015, the U.S. District Court for...more
Significant changes to Oklahoma's campaign finance, lobbying and gift laws and rules recently went into effect. Below, please find a summary of these changes....more
On April 2, 2014, the U.S. Supreme Court issued its decision in McCutcheon v. FEC, striking down the aggregate limits imposed on individual contributions under federal law. Although this decision cannot necessarily be read to...more