Vice President Kamala Harris's selection of Minnesota Gov. Tim Walz as her running mate imposes restrictions on campaign contributions to the Harris-Walz campaign by federally registered investment advisers (RIAs), exempt...more
Overview: Investment advisers that seek to manage public money need to consider the SEC’s “pay to play” rule, which restricts election-related contributions by the firms or their “covered associates” to elected state...more
On August 6, 2024, the Democratic nominee for President, Kamala Harris, chose Tim Walz, Governor of Minnesota, as her running mate. This selection presents important considerations vis à vis the “Pay-to-Play Rule” (Rule...more
Vice President Kamala Harris’ selection of Minnesota Governor Tim Walz as her running mate highlights a wrinkle in Investment Advisers Act Rule 206(4)-5 (the “Pay-to-Play Rule” or “Rule”) to which investment advisers should...more
On August 6, Vice President Kamala Harris selected Governor Tim Walz of Minnesota as her Vice-Presidential running mate for the 2024 general election. Since Governor Walz is a state official, his selection for the ticket...more
Since Vice President Kamala Harris became the presumptive Democratic nominee for President just over two weeks ago, speculation has swirled about the identity of her pick for the Vice Presidential candidate....more
Minnesota has become the 19th state to pass a comprehensive data privacy law. On May 24, Governor Tim Walz signed into law the Minnesota Consumer Privacy Act (H.F. 4757) (the “MCPA”), which takes effect July 31, 2025....more
A new Minnesota law taking effect on July 1, 2024, will ban the use of nonsolicitation agreements by staffing agencies and other service providers to prevent their customers, or the companies that contract for the staffing...more
On May 20, Minnesota Gov. Tim Waltz signed the state’s so-called junk fee bill into law. The law, similar to a proposed Federal Trade Commission rule and laws in other states, requires businesses to include all mandatory fees...more
On May 24, 2024, Minnesota Governor Tim Waltz signed legislation amending the Minnesota Earned Sick and Safe Time (ESST) law that went into effect earlier this year on January 1, 2024....more
As the 2024 Minnesota Legislative Session came to a chaotic close on May 20, numerous changes to Minnesota Statutes Chapter 342 were sent to the Governor’s desk to build on the already existing cannabis regulatory structure....more
Minnesota has become the 18th state to enact a comprehensive consumer privacy law. On May 24, Gov. Tim Walz (D) signed the Minnesota Consumer Data Privacy Act into law to provide privacy rights to Minnesotans and to impose...more
May 20, 2024, marked the end of the legislative session for yet another historic and busy year for Minnesota’s legislature. Amidst endless shouting, a sprawling 1,400-plus-page omnibus bill, and ethical complaints, the...more
Under Minnesota’s Paid Leave Law (PLL) that goes into effect in January 2026, employers must provide covered employees up to 20 weeks of leave to care for themselves and their family members with paid leave benefits available...more
Minnesota Governor Tim Waltz signed legislation amending the state’s Earned Sick and Safe Time (ESST) law, on May 24, 2024, nearly six months after the statute took effect. Although all of the amendments are important, the...more
Minnesota’s legislature was busy providing new rules and obligations for employers. In addition to the changes in the Minnesota Human Rights Act (MHRA), Earned Sick and Safe Time (ESST), Paid Family and Medical Leave, and pay...more
On May 24, 2024, Minnesota Governor Tim Walz signed into law the nation's 19th comprehensive data privacy law, the Minnesota Consumer Data Privacy Act (the "Minnesota Act"), which will take effect on July 31, 2025. This law...more
Minnesota Governor Tim Walz signed a bill significantly amending the Minnesota Human Rights Act (MHRA) on May 15, 2024. The MHRA, otherwise known as Minnesota’s anti-discrimination statute, already prohibited discrimination...more
Pay transparency is coming to Minnesota in 2025, as Gov. Tim Walz signed a pay transparency bill into law on May 17. The law (SF 3852 ) will require employers with 30 or more employees to provide salary ranges on job postings...more
The Minnesota Legislature recently approved an amendment to its Adult-Use Cannabis Law, which accelerates the issuance of licenses to social equity applicants through a vetted lottery system, among other things. Gov. Tim...more
In the homestretch of Minnesota’s 2024 legislative session, tension has mounted in St. Paul as state House and Senate committees scramble to secure enough votes to place their bills on Governor Tim Walz’s desk for signature....more
Omnibus Policy Bills on the Move - Prior to the March 22nd legislative deadline for policy bills, most committees created omnibus policy bills. Starting this week, both the House of Representatives and the Senate engaged...more
Republicans Retain Daudt Seat - Republican Bryan Lawrence of Baldwin Township in Sherburne County won the Minnesota State House Special Election in District 27B to replace former Representative Kurt Daudt, who resigned...more
Where is the Governor’s Supplemental Budget? With legislators racing toward the first and second bill deadline on March 22, the Walz Administration spent the week behind closed doors putting the finishing touches on its...more
Looking Ahead to Next Week - With first and second deadlines fast approaching on March 22, expect the pace at the Legislature to increase next week as legislators race to meet these important policy bill deadlines....more