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SEC Penalizes Adviser in New Rule 206(4)-5 Proceeding

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

Tax Day Alert: Increased Interest on Deposits Will Cause More PACs To Owe Federal Income Tax

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

Chicago’s New Lobbyist Registration Thresholds Take Effect July 1

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

FEC Announces New Federal Campaign Contribution Limits

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

Recalibration of Corporate PAC Contributions

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

Notable Political Law Developments in New York, Texas and Los Angeles

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

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