When the history of the Securities & Exchange Commission’s pay-to-play rule is written, 2014 could be the inflection point.  Developments this year suggest two dramatically different paths for the rule in the years to come: either the rule will unravel from court challenges or it will become an increasingly prominent enforcement weapon in the SEC’s

A U.S. District Court judge today vacated an FEC regulation that limited the degree to which corporations and labor unions must disclose their donors when they pay for an Electioneering Communication.  Van Hollen v. FEC  An Electioneering Communication is a broadcast, cable or satellite communication that features a federal candidate, airs within 30 days of

In an important decision, the US District Court for the District of Columbia yesterday dismissed a constitutional challenge to the SEC’s “pay to play” rule, which restricts contributions and fundraising by some individuals who are associated with hedge funds, private equity funds, and other registered investment advisers. The Court ruled that the case

California’s Fair Political Practices Commission (FPPC) is more aggressive than ever and is employing new tactics.  The FPPC’s recently-released end-of-year report detailing enforcement activities in 2013 highlights some interesting statistics that should be on the radar of every company doing business in California.

Prosecutions of both “serious campaign cases” and lobbying violations were both “at

On January 17, 2014, the D.C. Circuit Court of Appeals reinstated a legal challenge to President Obama’s ban on lobbyists serving on advisory boards and commissions in federal agencies.  The appellate decision overturned a lower court judgment, issued in September 2012, that dismissed the claims of several lobbyists who alleged that the ban violated their

As forecasted, a federal court has entered a permanent injunction that permits Super PACs in New Jersey to raise unlimited funds, pursuant to the parties’ agreement.  This resolves the suit brought by the Fund for Jobs, Growth & Security after the state’s Election Law Enforcement Commission advised the Fund in March that it was

The Supreme Court’s decision today invalidating the Defense of Marriage Act will impact campaign finance laws as well, probably nowhere more clearly than in casting doubt on the FEC’s February decision advising a candidate for the special U.S. Senate Primary Election in Massachusetts that he could not treat contributions from a same-sex couple married under

In a rare move for a federal appellate court, the U.S. Court of Appeals for the Tenth Circuit yesterday released a two-paragraph precedential opinion upholding various federal campaign finance laws and policies by simply adopting the district court’s decision.  The case is captioned Free Speech v. FEC.

The most notable part of the district

When the Supreme Court issued Citizens United v. FEC, there was little question that the landscape of campaign finance law shifted.  Much of the aftermath continues to focus on independent spending, contribution limits, and outright contribution bans on corporations and government contractors—restrictions that may have been upended by the notion that