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Mark Renaud Discusses Pay-to-Play Laws in Presidential Elections
D. Mark Renaud, a partner in of Wiley Rein’s Election Law & Government Ethics Practice, was quoted in an article published yesterday on NJ.com about how the federal pay-to-play laws affect Chris Christie’s fundraising efforts and his close ties to Wall Street.
According to the article, federal pay-to-play laws severely restrict contributions to state officials who have influence over state pensions.
“[The pay-to-play rule] takes a significant part of the financial services community off the table,” Mr. Renaud said. “People are not banned from making contributions, but according to the rule, ... if they contribute more than a de minimis amount, then for the next two years they're precluded from getting any business from the state.”
The article can be found here.