Recent Developments on California Lobbyist Registration Requirements Applicable to Certain Placement Agents
15 June 2011
Mayer Brown Legal Update
The California Fair Political Practices Commission (FPPC) recently released two Advice Letters, dated April 7, 2011,1 and April 20, 2011,2 setting forth certain clarifications with respect to AB 1743, which was signed into law on September 30, 2010. Among other things, AB 1743 requires that “placement agents” (as defined in AB 1743) seeking to do business with California state and local retirement systems and pension funds register as lobbyists pursuant to the California Political Reform Act, California Government Code Sections 81000 et seq. (the “PRA”), and applicable local laws.