2017 Political Law Update

Jan 4, 2017

Reading Time : 1 min

By: Melissa L. Laurenza, Samuel J. Olswanger, Nathan F. Stern (Public Policy Specialist) & Nathan A. King (Public Policy Specialist)

California: California’s Fair Political Practices Commission approved amended regulations that will increase the annual gift limit from $460 to $470 as of January 1, 2017. Registered lobbyists remain subject to the $10 per month gift limit.

Florida: The Florida House of Representatives enacted new rules applicable to lobbyists that will come into effect at the start of the next session. Lobbyists will now be required to disclose the specific issues on which they are lobbying as part of the registration process, members of the Legislature must wait six years after leaving the House before they can become registered lobbyists, and members of the state House may no longer accept private plane travel from a lobbyist or a corporation employing lobbyists.

Missouri: Voters in Missouri approved a constitutional amendment placing new limits on campaign contributions. Most significantly, the amendment, which took effect December 8, 2016, prohibits corporations and labor unions from making direct campaign contributions to state candidates, campaign committees and political parties in Missouri. The amendment also limits contributions from individuals and PACs to $2,600 per election to state candidates and $25,000 per election to state party committees. Prior to the passage of the amendment, since 2008, corporations and labor unions could contribute unlimited amounts to state-level political committees in Missouri.

New Hampshire: The gift limit for members of the Legislature has been doubled from $25 to $50. The new rule went into effect December 7, 2016.

Rhode Island: The Lobbying Reform Act became effective January 1, 2017. The new law clarifies definitions of lobbying and removes the distinction between legislative and executive lobbyists. Under the new law, all lobbyists (including executive lobbyists) will file disclosure reports based on the filing schedule established for legislative lobbyists. Finally, fines for registration and reporting violations have been increased from $2,000 to $5,000 per occurrence. 

Share This Insight

Previous Entries

Deal Diary

April 12, 2023

Read More

Deal Diary

2022-12-15

On December 14, 2022, the Securities and Exchange Commission (SEC) adopted amendments regarding Rule 10b5-1 insider trading plans and related disclosures. The amendments aim to strengthen investor protections concerning insider trading and to help shareholders understand when and how insiders are trading in securities for which they may at times have material nonpublic information (MNPI). In light of these amendments, issuers should review and revise, if needed, their insider trading policies and equity grant policies.

Read more.

...

Read More

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.