The following summarizes periodic pay-to-play reporting requirements under laws in Illinois, Maryland, New Jersey, Pennsylvania, Philadelphia and Rhode Island. Certain companies must file reports regarding their business...more
The 2024 presidential nominating conventions are only a few months away and both host cities — Milwaukee, where Republicans will gather in July, and Chicago, which welcomes Democrats in August — are hoping for returns to...more
With the election season in full swing, there is increased interest in political contributions. It is important for financial institutions subject to SEC Rule 206(4)-5 for investment advisers, CFTC Rule 23.451 for swap...more
AI in 2024: Monitoring New Regulation and Staying in Compliance With Existing Laws Companies that develop or employ AI tools have to consider proposed AI-specific regulation as well as an array of existing IP, privacy,...more
12/22/2023
/ Acquisitions ,
Artificial Intelligence ,
CFIUS ,
China ,
Cybersecurity ,
Data Privacy ,
Energy Sector ,
EU ,
Intellectual Property Litigation ,
Intellectual Property Protection ,
International Litigation ,
Investment ,
IRS ,
Mergers ,
National Security ,
New Hires ,
New Legislation ,
New Regulations ,
Outer Space ,
Private Equity ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Taxation ,
Technology Sector ,
Trade Relations ,
Trade Restrictions ,
UK
National Party Conventions -
The presidential nominating conventions are less than a year away, and expectations are high in both host cities — Milwaukee, where Republicans will gather July 15-18, 2024, and Chicago, which...more
As predicted in our February 1, 2023, client alert, “ESG in 2022 and Predictions for 2023,” a global economic slowdown and ongoing backlash in the U.S. have slowed the momentum of some aspects of the environmental, social and...more
7/18/2023
/ Activist Investors ,
Biodiversity ,
Competition ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Markets ,
Financial Reporting ,
Financial Services Industry ,
Green Energy ,
Investment ,
Investors ,
Legislative Agendas ,
Popular ,
Regulatory Agenda ,
Remuneration ,
Sustainability ,
UK
Florida Gov. Ron DeSantis filed paperwork on May 24, 2023, to run for president in the 2024 election. In light of his announcement, it is important to keep in mind that contributions made to or solicited on behalf of Gov....more
Nonprofits organized under Section 501(c)(4) of the Internal Revenue Code (IRC) play an ever-growing role in politics and public policy advocacy. These 501(c)(4) organizations may accept unlimited corporate and personal...more
In this client alert, we summarize recent political law developments in California.
FPPC Votes To Issue Commission Opinion on New Pay-to-Play Bill -
At a meeting on November 17, 2022, the California Fair Political...more
Maryland Pay-to-Play Amendments - Maryland Senate Bill 15 has expanded reporting requirements in the state, requiring organizations that spend at least $500 in lobbyist compensation to file a semiannual report disclosing...more
The annual equity report for all Pennsylvania lobbyists and lobbying firms is due July 30, 2022, as required by Act 70 of 2021. The filing discloses either the total value or percentage of equity held by a lobbyist or...more
The annual filing for state and local contractors required under New Jersey Chapter 271 (Form BE) is due March 30, 2022. As we have described in previous mailings, this report must be filed if a business entity received...more
This year, we expect to see new disclosure requirements; rule changes at the Securities and Exchange Commission that will affect directors; activists adopting new tactics; changes to shareholder voting processes; tax and...more
Takeaways -
Activist shareholders are increasing the pressure on companies to disclose their political spending and their lobbying and trade association activity.
In 2021, a record 40% of shareholders’ proposals...more
As required by Act 70 of 2021, Pennsylvania lobbyists and lobbying firms must file their initial equity reports by October 7, 2021. The reports disclose either the total value or percentage of equity held by a lobbyist or...more
The next quarterly update required under the Illinois pay-to-play law is due August 14, 2021. As described in earlier mailings, the Illinois pay-to-play law requires many companies with aggregate annual state bids, proposals...more
The annual filing for state and local contractors required under New Jersey Chapter 271 (Form BE) is due March 30, 2021. As we have described in previous mailings, this report must be filed if a business entity received...more
The following summarizes the periodic reporting requirements under Illinois, Maryland, New Jersey, Pennsylvania, Philadelphia and Rhode Island laws for certain corporate entities to file reports regarding their business...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
On January 20, 2021, President Joe Biden signed an executive order, “Ethics Commitments by Executive Branch Personnel,” requiring certain appointees to sign an ethics pledge (Biden Pledge). Similar to presidential ethics...more
2/9/2021
/ Biden Administration ,
Ethics ,
Executive Orders ,
Foreign Agents Registration Act (FARA) ,
Foreign Governments ,
Gifts ,
Golden Parachutes ,
Lobbying ,
Lobbying Disclosure Act ,
OMB ,
Presidential Appointments ,
Trump Administration
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
The next quarterly update required under the Illinois pay-to-play law is due August 14, 2020. As described in earlier mailings, this law requires many companies with aggregate annual state bids, proposals and contracts...more
On June 25, 2020, the Department of Justice (DOJ) announced that Jack Abramoff intends to plead guilty to criminal violations of the Lobbying Disclosure Act of 1995 (LDA), in what is the first known criminal prosecution under...more
7/1/2020
/ Criminal Prosecution ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Disclosure ,
Enforcement Actions ,
Ethics ,
Guilty Pleas ,
Lobbying ,
Lobbying Disclosure Act ,
Lobbyists ,
Marijuana ,
Political Campaigns ,
Registration Requirement ,
Regulatory Requirements ,
Transparency
In an attempt to further curb foreign influence in U.S. elections, there is a recent trend among states and localities to propose legislation restricting political spending by corporations with foreign owners. Existing...more
5/6/2020
/ Corporate Contributions ,
Foreign Corporations ,
Foreign Nationals ,
Foreign Subsidiaries ,
Local Ordinance ,
PACs ,
Political Contributions ,
Presidential Elections ,
Proposed Legislation ,
State and Local Government ,
State Bans ,
State Legislatures
Below we summarize findings from a recent report on Lobbying Disclosure Act (LDA) compliance and remind you of an upcoming LDA deadline....more