IRS: LAWSUIT WITHDRAWN. The Hill. “A top House Democrat and campaign finance reform groups said Friday that they were pulling a lawsuit against the IRS, after the Treasury Department proposed new standards for how tax-exempt groups could dabble in politics.”
FCPA: JPMORGAN ISSUES. The Times. “The S.E.C. and prosecutors are building their investigation around the Foreign Corrupt Practices Act, a 1977 law that makes it illegal for United States companies to exchange ‘anything of value’ with foreign officials to win ‘an improper advantage’ in obtaining business.”
AK: LEGISLATOR FINED. APM. “The House ethics committee found that Herron knowingly withheld ‘sufficient detail’ on his business ventures with another legislator – Senator Lyman Hoffman.”
AZ: HORNE CASE UPDATE. The Bugle. “A Maricopa County Superior Court judge refused late Friday to sideline charges against Attorney General Tom Horne and a supporter that they violated state campaign finance laws.”
CT: DONATIONS IN THE NEWS. Story here. “Northeast Utilities last week declined to answer questions for the story we posted Sunday night about the startling turnaround by NU executives on political giving to the Connecticut Democratic Party since Thomas J. May took over as chief executive officer. After giving no more than $1,000 in any previous year, they are well over $50,000 this year.”
IL: REPORT ERRORS. Chicago Tribune. “A Tribune investigation of U.S. Rep. Danny Davis’ campaign finances has prompted the Chicago Democrat to correct a $25,000 error in a federal disclosure, but he has not rectified reports by two of his state committees that are inaccurate or incomplete.”
NE: LOBBYING CURTAILED. Journal Star. “The state Supreme Court on Friday said the Nebraska State Bar Association could not use the mandatory dues it charges members to lobby issues other than those directly affecting the legal profession”
HAVE A GOOD DAY.