The U.S. Municipal Securities Rulemaking Board (MSRB), Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and Commodity Futures Trading Commission (CFTC) have all promulgated rules restricting political contributions by certain financial or advisory services government contractors to state and local government entities. These rules apply to covered business with state and local governments nationwide. Moreover, many states and localities have their own "pay-to-play" rules as well, which typically apply more broadly to government contractors (not just financial services or advisory firms) in the jurisdiction.
For firms pursuing or performing work with state and local governments, counsel must understand these rules, particularly their breadth and impact on company strategy (during the pursuit phase) and the daily administration of public contracts post-award. Counsel for local governments must also understand the requirements and prohibitions of these rules.
This webinar will examine the bevy of “pay-to-play” rules and their impact on contracts with state and local government entities. Join Mayer Brown partner Mitch Holzrichter to discuss current trends in enforcement, and compliance best practices.
For more information or to register, please visit the event website.