Can Feds Force Companies to Disclose Political Spending?
On May 7, 2013, the Minnesota Campaign Finance and Public Disclosure Board (“Board”) will consider an advisory opinion request submitted on behalf of Democracy Ventures, Inc., d/b/a Democracy.com. The organization is seeking...more
On May 1, 2013, Governor Rick Scott signed into law House Bill 569 (HB569), which enacts sweeping changes to Florida’s campaign finance laws. The changes will affect every elected official as well as any person who makes...more
The Federal Election Commission (FEC) this week became the latest government agency to grapple with the impact of the Defense of Marriage Act (DOMA) on the federal rights of legally married same-sex couples. At issue was...more
In this presentation:
- Growing Your PAC
- Independent Expenditures
- 501(c)(3) Election Issues
- Lobbying Disclosure
- Tax Issues
- Hosting Events
Please see full...more
In January, I wrote about Senator Noreen Evans bill, SB 121, that would require any corporation (as defined) that has shareholders located in California and that makes a contribution or expenditure (as defined)...more
In August 2011, Professor Lucian Bebchuk and nine other law professors submitted this petition asking that the Securities and Exchange Commission adopt rules requiring public companies to disclose to shareholders the use of...more
The Third Circuit refused to vacate an arbitrator’s award, despite allegations that she failed to disclose contributions the defendant’s parent company had made to her judicial campaign and failed to disclose that she...more
It’s been three years, but the Supreme Court’s decision in Citizens United v. Federal Election Comm’n, 558 US 50 (2010) continues to foment a fierce debate about corporate political spending. In February, Representative Adam...more
Maine Municipal Association won an important victory in federal court in a lawsuit that challenged MMA’s right to participate in five statewide citizen-initiative campaigns between 2004 and 2009. On February 14, 2013, Chief...more
Wow, 2012 was quite the year for the National Labor Relations Board (“Board”)! Last year, we discussed the Board’s agenda, which at the time we described as aggressive, but with the benefit of hindsight,...more
As companies prepare for the 2013 annual meeting and reporting season, we have compiled an overview of the corporate governance and disclosure matters that companies should consider as they draft this season’s disclosure...more
A number of significant briefs were filed recently with the U.S. Court of Appeals for the D.C. Circuit in support of Section 1504 of the Dodd-Frank Act, which requires oil, gas, and mining issuers to report on their payments...more
On January 30, the Federal Election Commission increased the amounts that individuals and certain PACs can contribute in the 2013-14 election cycle. The most significant change is that individuals may now give $2600 per...more
On December 17, the Federal Election Commission ("FEC") posted a new "Timely Tip" reminding PAC treasurers that certain limits on contributions, such as those for individuals to candidates, are adjusted every odd-numbered...more
In This Issue:
- Making Decisions on Corporate Campaign Expenditures
- What’s in Store in Congresson Campaign Finance Reform?
- DC Circuit Reversed Van Hollen. Players Changed Tactics to Avoid Disclosure. ...more
Jan. 31 (Bloomberg Law) -- The SEC is considering a proposal by Robert Jackson, associate professor at Columbia Law School, that public companies be required to disclose their political spending. SEC staff members have said...more
The Nation has just witnessed one of the most expensive election campaigns - with over $6 billion spent by candidates, political parties and committees. Whether all of that money made a difference remains to be seen. One...more
On December 21, 2012, the U.S. Securities and Exchange Commission (SEC) indicated in its semiannual regulatory agenda that the staff of the SEC’s Division of Corporation Finance is considering whether to recommend that the...more
Yesterday, Broc Romanek noted the continuing interest in mandating disclosure of political spending by corporations. See Battle Lines Being Drawn: Political Spending Disclosures. We are also seeing activity here in...more
The proxy and annual reporting season has begun, with relatively few changes in reporting requirements from last year. Here are some tips to take you through the season and prepare for changes to come.
1. Consider the...more
On August 3, 2011, a group of leading academics, including Harvard Law School Professor Lucian A. Bebchuk, submitted this petition for rulemaking to the Securities and Exchange Commission. The petitioners asked the SEC to...more
In this issue:
- Could Your Affiliate’s Activities Subject Your Company to the New Iran Reporting Requirements?
- New York Attorney General Proposes New Rules Requiring Nonprofits Funding Political Communications to...more
This past Tuesday marked the coming into force of Quebec’s Bill N°2: An Act to amend the Election Act in order to reduce the elector contribution limit, lower the ceiling on election expenses and increase public financing of...more
Two new bills recently introduced in the California State Legislature would increase the disclosure requirements applicable to certain nonprofit organizations participating in California political campaigns and would...more
New York Attorney General Eric T. Schneiderman has issued proposed regulations that would require many nonprofit organizations to annually disclose certain information about their political spending and their donors’...more
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