PAY TO PLAY SNARE.  LEX.  “The pay-to-play rule is designed to address pay-to-play abuses involving campaign contributions made by certain investment advisers or their covered associates to government officials who are in a position to influence the selection of investment advisers to manage government client assets, including public pension fund assets.”

EYEING FEC CHANGES.  CPI.  “Federal Election Commission leaders — dogged by abysmal staff morale and a top manager improperly obtaining employees’ confidential critiques — are considering changes to how the agency operates in a bid to restore staff trust.”

CA:  PROPOSAL EXPLAINED.  NC.  “One week after a group of Los Angeles pols swore off donations from real estate developers, one council member wants to take campaign finance reform a step further and make all donations taxpayer-funded.”

MD:  LOBBYIST REFORM PROPOSALS.  BS.  “Gov. Larry Hogan announced an ‘integrity in government initiative’ Thursday that he says would reform ethics rules on conflicts of interest and corruption.”

VT:  EXPLORING SOLUTIONS.  VB.  “Vermont Attorney General TJ Donovan and Secretary of State Jim Condos today announced the launch of a cooperative effort to create a joint Committee on Campaign Finance Education, Compliance and Reform.”

WA:  SOS FINE.  FOX.  “The state Attorney General’s Office says a Thurston County Superior Court judge on Friday approved a $3,950 penalty against Wyman and her campaign, with half suspended as long as no further violations occur for the next four years. Wyman will also pay $8,140 in investigation costs and legal fees.”

HAVE A GOOD DAY.