Complying with Pay-to-Play regulations, including federal, state, and local rules, presents an ongoing compliance challenge for many advisory firms. However, during election years like the one we find ourselves in currently, that challenge comes to the forefront of many compliance teams’ minds. Increased political activism compounded by nuanced and, often, varying regulations has created an increased risk for many firms.
To better support our audience and enable political contribution with confidence, we’ve compiled an analysis of approximately 1,200 candidates running for a Presidential, House, or Senate seat in the 2024 general election. Our research highlights which candidates are running for which office and what their current occupation is—including state or local officials and who may be subject to pay-to-play regulations. For those candidates, we also include a list of potentially relevant pension funds, though there may also be additional public finance considerations.
The information gathered in this report was collected between January 15 and 24, 2024. Candidates were assessed using a two-year lookback period. Should your jurisdiction mandate a more extended lookback period, additional candidates may fall into the scope of pay-to-play risk.
While this report provides a basis for pay-to-play risk analysis, it is by no means a comprehensive report. Your firm should work with your counsel, legal or otherwise, to assess the specific scope of risk.