As noted in our prior updates, on June 2, 2024, Ohio Gov. Mike DeWine signed into law H.B. 1, which prohibits foreign nationals from making or being solicited for political contributions in connection with Ohio state and...more
As noted in our prior update, Ohio Gov. Mike DeWine signed H.B. 1 into law on June 2, 2024. H.B. 1 enacted a ban on foreign nationals making or being solicited for political contributions, defining foreign nationals to...more
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)
Ohio Adopts Sweeping Foreign National Ban, Covering Lawful Permanent Residents -
On June 2, 2024, Ohio Gov. Mike DeWine signed into law H.B. 1, enacting a sweeping foreign national ban on political contributions and...more
6/21/2024
/ Campaign Finance Reform ,
Coronavirus/COVID-19 ,
Foreign Nationals ,
Governor DeWine ,
Legislative Agendas ,
New Legislation ,
North Carolina ,
PACs ,
Political Contributions ,
State and Local Government ,
State Bans ,
State Legislatures
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
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
The oversight obligations of boards continue to expand. Recent enforcement actions and new laws in areas such as cybersecurity, artificial intelligence and supply chains create new challenges for boards, as we explain in this...more
2/19/2024
/ Acquisitions ,
Activist ,
Artificial Intelligence ,
Board of Directors ,
Canada ,
China ,
Competition ,
Corporate Governance ,
Cyber Incident Reporting ,
Cybersecurity ,
Disclosure Requirements ,
EU ,
Executive Orders ,
Federal Contractors ,
Financial Services Industry ,
Forced Labor ,
Germany ,
International Labor Laws ,
Life Sciences ,
Machine Learning ,
Manufacturers ,
Mergers ,
NGOs ,
Political Campaigns ,
Political Contributions ,
Political Conventions ,
Publicly-Traded Companies ,
Risk Assessment ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Shareholder Activism ,
Shareholders ,
Technology Sector ,
UK ,
Uyghur Forced Labor Prevention Act (UFLPA)
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 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
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 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
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
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
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
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
As federal, state and local governments grapple with the COVID-19 outbreak, a number of jurisdictions have modified certain ethics, lobbying and campaign finance requirements in response to the crisis. Below, we describe...more
3/27/2020
/ Amended Rules ,
Coronavirus/COVID-19 ,
Donations ,
Electronic Filing ,
Ethics ,
Executive Orders ,
Exemptions ,
Federal Election Commission (FEC) ,
Gifts ,
Governor Cuomo ,
Late Fees ,
Lobbying ,
PACs ,
Political Contributions ,
Public Officials ,
Relief Measures ,
Reporting Requirements ,
State of Emergency
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
Now that the calendar has flipped to 2020, planning and fundraising efforts are intensifying in advance of this summer’s national party conventions. ...more
On June 25, the Preventing Adversaries Internationally from Disbursing Advertising Dollars Act (the bill) was introduced in the U.S. Senate. The bill proposes expansions of existing prohibitions on political activities of...more