For many of us, the New Year brings new resolutions, both professionally and personally. For those of us that are involved with Corporate PAC’s, the Federal Election Commission (“FEC”) makes it simple to quickly check one of these goals—to cultivate a better understanding of the FEC regulations that govern Corporate
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SSF
FEC to Reconsider Political Involvement by U.S. Subsidiaries of Foreign Corporations on Tuesday
Foreign nationals, both individuals and corporations, have long been barred from making contributions in federal, state or local elections in the United States. The statutory prohibition includes contributions made “directly” or “indirectly,” bars the solicitation as well as the making of contributions, and since 2002, includes a ban on expenditures,…
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The Obama Administration’s Changes to the Overtime Pay Rules Could Impact Corporate PACs
The Obama administration announced yesterday that it will revise the regulations that define if an individual is an “executive” or “administrative” employee exempt from the overtime pay provisions of the Fair Labor Standards Act (FLSA). This could have an unexpected impact on corporate PACs, potentially shrinking the number of employees…
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New Rules for LLPs?
At a public hearing tomorrow, the Federal Election Commission (FEC) will discuss a proposed rulemaking that would allow certain Limited Liability Partnerships (LLPs) to establish separate segregated funds (SSFs), commonly known as PACs. If the proposed rule were ultimately to be adopted, it would create rules for LLPs that are…
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