[EL] ELB News and Commentary 10/16/11

[John Tanner]

It looks like this is addressed to those who manage pension funds.  Does the
federal government actually manage any pension funds?  I understood that
federal pensions, like social security, are not backed by actual assets that
are invested in anything other than, perhaps, Treasury bonds that we have
sold to ourselves -- that they're secured by a general promise to pay us
later or at least respect us in the morning.

On Sun, Oct 16, 2011 at 3:59 PM, Edward Still <still at votelaw.com> wrote:

> I have a question about the Weekly Standard article linked below. The
> article says, "And while this new ruling primarily affects Perry at the
> presidential level, it could have far-reaching consequences going forward,
> since it applies to every state office holder seeking federal office from
> here on out." A quick review of the SEC's final rule<http://www.sec.gov/rules/final/2010/ia-3043.pdf>leads me to believe that the rule applies to office holders and candidates
> at any level of government, not just those seeking federal office.
> Specifically, the following definition in the rule leads to that conclusion:
>
> § 275.206(4)-5 (f) (6)
> *Official *means any person (including any election committee for the
> person) who was, at the time of the contribution, an incumbent, candidate or
> successful candidate for elective office of a government entity, if the
> office:
> (i)
> Is directly or indirectly responsible for, or can influence the outcome of,
> the hiring of an investment adviser by a government entity; or
> (ii)
> Has authority to appoint any person who is directly or indirectly
> responsible for, or can influence the outcome of, the hiring of an
> investment adviser by a government entity.
>
> Am I wrong in my conclusion?
>
>
> Edward Still
> Edward Still Law Firm LLC
> 130 Wildwood Parkway, Suite 108, PMB 304
> Birmingham AL 35209
> 205-320-2882 (voice & fax)
>   www.votelaw.com/blog
>   www.edwardstill.com
>   www.linkedin.com/in/edwardstill
> <http://www.linkedin.com/in/edwardstill>
>
>
> On Sun, Oct 16, 2011 at 11:29 AM, Rick Hasen <rhasen at law.uci.edu> wrote:
>
>>
>>  “The Perils of Donating to Perry; The SEC’s curious role in campaign
>> finance.” <http://electionlawblog.org/?p=24256>
>> Posted on October 15, 2011 5:14 am <http://electionlawblog.org/?p=24256>
>> by Rick Hasen <http://electionlawblog.org/?author=3>
>>
>> The *Weekly Standard *reports<http://www.weeklystandard.com/articles/perils-donating-perry_595199.html>
>> .
>>  [image: Share]<http://www.addtoany.com/share_save#url=http%3A%2F%2Felectionlawblog.org%2F%3Fp%3D24256&title=%E2%80%9CThe%20Perils%20of%20Donating%20to%20Perry%3B%20The%20SEC%E2%80%99s%20curious%20role%20in%20campaign%20finance.%E2%80%9D&description=>
>>   Posted in campaign finance <http://electionlawblog.org/?cat=10> | Comments
>> Off
>>
>>
>
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