Tag Archives: 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, independent expenditures, or electioneering communications … Continue Reading

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 eligible to be solicited for … Continue Reading

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 similar to the existing rules … Continue Reading
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