summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to political contributions by investment advisors doing business with public entities. Election Laws.
AI Summary
This bill aims to address "pay-to-play" schemes in the political arena. It prohibits investment advisors from providing investment advisory services to government entities for up to two years after making political contributions to officials of those entities. The bill also prohibits investment advisors from soliciting or coordinating political contributions to officials that they are working with or seeking to work with. Additionally, it prohibits government officials from soliciting or accepting political contributions from investment advisors and then awarding contracts to those advisors. The bill provides some exceptions and allows for potential exemptions, and it establishes fines and imprisonment as penalties for violations.
Committee Categories
Government Affairs
Sponsors (5)
Last Action
Accompanied a study order, see H5026 (on 09/12/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H801 |
| Bill | https://malegislature.gov/Bills/192/H801.pdf |
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