New federal campaign contribution limits have been announced by the Federal Election Commission (FEC). Per the requirements of the Bipartisan Campaign Reform Act of 2002, the FEC must adjust certain federal contribution...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
Maine -
On November 5, 2024, Maine residents voted in favor of passing a ballot measure that limits contributions from individuals, PACs and business entities to PACs “for the purpose of making independent expenditures” to...more
Now that the 2024 election has passed, individuals and organizations must be mindful of special legal issues that arise from contributions made to, and expenses incurred for, federal, state or local inaugural or transition...more
12/2/2024
/ Biden Administration ,
Broker-Dealer ,
Corporate Executives ,
Corporate Governance ,
Employees ,
Employer Liability Issues ,
Federal Contractors ,
Financial Institutions ,
General Services Administration (GSA) ,
Inaugrations ,
Inauguration Committees ,
Investment Adviser ,
Lobbying Disclosure Act ,
Lobbyists ,
PACs ,
Pay-To-Play ,
Political Campaigns ,
Political Contributions ,
Presidential Elections ,
Public-Private Entities ,
Securities and Exchange Commission (SEC) ,
State and Local Government ,
Transition Team ,
Transitional Arrangements ,
Trump Administration
On October 8, 2024, the U.S. Court of Appeals for the Sixth Circuit granted the state of Ohio’s motion to stay a preliminary injunction, previously issued by the U.S. District Court for the Southern District of Ohio, against...more
On September 24, 2024, the U.S. Court of Appeals for the Sixth Circuit temporarily stayed a preliminary injunction, previously issued by the U.S. District Court for the Southern District of Ohio, against a portion of Ohio’s...more
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