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MA H844
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Bradley Jones
Click for details
AI Summary
- Investment advisers are prohibited from providing paid advisory services to government entities for two years after making political contributions to officials of those entities
- Government officials are barred from soliciting or accepting campaign contributions from investment advisers and then awarding them contracts for advisory services
- Small contributions are exempt: up to $350 per election to officials the contributor can vote for, or $150 to officials they cannot vote for
- The Office of Campaign and Political Finance may grant exemptions if the adviser had compliance procedures in place, lacked knowledge of the contribution, and took steps to return it
- Violations carry penalties of up to $1,000 fine and/or 6 months imprisonment for both the investment adviser and government official involved
Legislative Description
Relative to pay-to-play schemes
Last Action
Reported by committee to Clerk’s Office for processing, will accompany a study order
10/10/2025
Committee Referrals
Election Laws2/27/2025
Full Bill Text
No bill text available