On August 6, 2024, Vice President Kamala Harris accepted the Democratic nomination for president and announced Governor Tim Walz as her running mate. This marked the end of the primary election period for the Harris/Walz...more
8/9/2024
/ Campaign Finance Reform ,
CFTC ,
Financial Industry Regulatory Authority (FINRA) ,
Kamala Harris ,
MSRB ,
Pay-To-Play ,
Political Campaigns ,
Political Candidates ,
Political Contributions ,
Presidential Elections ,
Securities and Exchange Commission (SEC)
Vice President Kamala Harris announced today that she has selected Minnesota Gov. Tim Walz as her vice presidential running mate in her bid for president. Contributions to the Harris/Walz campaign are now subject to the...more
8/7/2024
/ Campaign Finance Reform ,
CFTC ,
Financial Industry Regulatory Authority (FINRA) ,
Kamala Harris ,
MSRB ,
Pay-To-Play ,
Political Campaigns ,
Political Candidates ,
Political Contributions ,
Presidential Elections ,
Securities and Exchange Commission (SEC)
The next quarterly update required under the Illinois pay-to-play law is due August 14, 2024. As described in an earlier mailing, Illinois law requires many companies with aggregate state bids, proposals and contracts...more
On July 21, 2024, President Joseph Biden announced that he was ending his bid for reelection and instead endorsing Vice President Kamala Harris for president. A presumptive nominee withdrawing so close to the party convention...more
7/29/2024
/ Biden Administration ,
Campaign Funds ,
CFTC ,
Financial Industry Regulatory Authority (FINRA) ,
Kamala Harris ,
Legislative Agendas ,
MSRB ,
Pay-To-Play ,
Political Campaigns ,
Presidential Elections ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC)
As a result of recent statutory amendments that will go into effect on July 1, 2024, companies registered and filing pay-to-play reports in Maryland will be required to list on their registration certain beneficial owners,...more
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
The annual filing for state and local contractors required under New Jersey Chapter 271 (Form BE) is due April 1, 2024. As we have described in previous mailings, this report must be filed by a business entity if it received...more
Key Points -
- With the 2024 election season underway, corporations may want to support the presidential nominating conventions as well as transition efforts and inaugural activities for incoming federal, state and local...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
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
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
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
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
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
The following describes periodic pay-to-play reporting requirements under Illinois, Maryland, New Jersey, Pennsylvania and Rhode Island laws. Certain corporate entities must file reports regarding their business relationships...more
2/12/2020
/ Affiliates ,
Campaign Finance Reform ,
Corporate Entities ,
Disclosure Requirements ,
Filing Requirements ,
PACs ,
Pay-To-Play ,
Political Campaigns ,
Political Contributions ,
Regulatory Requirements ,
Reporting Requirements
The following describes the periodic reporting requirements under five state laws for certain corporate entities to file reports regarding their business relationships with these states, as well as their political...more
2/11/2019
/ CEOs ,
Corporate Entities ,
Directors ,
Disclosure Requirements ,
Filing Deadlines ,
PACs ,
Pay-To-Play ,
Political Contributions ,
Reporting Requirements ,
State and Local Government ,
State Contractors
The Maryland State Board of Elections recently sent out a notice to pay-to-play law filers for whom it is missing an Initial Report....more
Now that the 2018 midterm elections are over, we must contend with legal issues that arise from activities related to federal, state and local inaugural and transition committees, as well as recounts and runoff elections. As...more
11/14/2018
/ 501(c)(3) ,
501(c)(4) ,
Broker-Dealer ,
Campaign Finance Reform ,
CFTC ,
Conflicts of Interest ,
Consultants ,
Corporate Executives ,
Corporate Gifts ,
General Elections ,
Inauguration Committees ,
Lobbying ,
MSRB ,
Municipalities ,
PACs ,
Pay-To-Play ,
Political Contributions ,
Political Parties ,
Recount Committees ,
Securities and Exchange Commission (SEC) ,
Special Election ,
State and Local Government ,
State Elections ,
State Procurement Contracts ,
Transition Team
Recently, the Municipal Securities Rulemaking Board (MSRB) noted in its quarterly compliance newsletter dated June 8, 2018 that it has “compliance concerns” regarding issuer-solicited charitable donations. The MSRB’s...more
On June 8, 2018, Montana Gov. Steve Bullock signed Executive Order No. 15-2018 (the order), enacting new pay-to-play disclosure requirements. The order is notable in that it not only requires disclosure of certain contractor...more
On December 23, 2016, the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) issued a staff interpretation saying that, in its view, contributions by swap dealers and their...more