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President Donald Trump and his recently appointed U.S. Securities and Exchange Commission Chair Paul Aitkins are proposing to rescind the pay-to-play rule. The rule prohibits investment advisers and their officers from making or soliciting campaign contributions above a small threshold to government officials responsible for awarding investment contracts to those advisers for two years prior or during the contracting period. Craig Holman, Ph.D., government affairs lobbyist for Public Citizen, released the following statement:“In a stunning and completely out-of-the-blue new proposal, President Trump and SEC Chair Aitkins are seeking to overturn a highly successful and decades-old anti-corruption rule. Trump’s proposal comes on the heels of – nothing. There have been no new problems with the rule and no new reasons for its repeal, though investment advisers have never particularly cared for it. The effort to rescind the pay-to-play rule is simply the latest extension of the Trump administration canceling ethics rules, especially those that get in the way of the rich getting richer.“Back in 1994, then-SEC Chair Arthur Levitt grew fed up with repeated scandals in which investment advisers appeared to be buying government contracts by making large campaign contributions to those responsible for awarding the contracts. Levitt cracked down on this corrupt practice by banning anything but small de minimis contributions from advisers and their associates to those responsible for awarding government investment contracts, which quickly became known as the ‘pay-to-play’ rule. “The pay-to-play rule remains on the books today because it works. Repealing it is nothing but the most brazen corruption.”
President Donald Trump and his recently appointed U.S. Securities and Exchange Commission Chair Paul Aitkins are proposing to rescind the pay-to-play rule. The rule prohibits investment advisers and their officers from making or soliciting campaign contributions above a small threshold to government officials responsible for awarding investment contracts to those advisers for two years prior or during the contracting period. Craig Holman, Ph.D., government affairs lobbyist for Public Citizen, released the following statement:
“In a stunning and completely out-of-the-blue new proposal, President Trump and SEC Chair Aitkins are seeking to overturn a highly successful and decades-old anti-corruption rule. Trump’s proposal comes on the heels of – nothing. There have been no new problems with the rule and no new reasons for its repeal, though investment advisers have never particularly cared for it. The effort to rescind the pay-to-play rule is simply the latest extension of the Trump administration canceling ethics rules, especially those that get in the way of the rich getting richer.
“Back in 1994, then-SEC Chair Arthur Levitt grew fed up with repeated scandals in which investment advisers appeared to be buying government contracts by making large campaign contributions to those responsible for awarding the contracts. Levitt cracked down on this corrupt practice by banning anything but small de minimis contributions from advisers and their associates to those responsible for awarding government investment contracts, which quickly became known as the ‘pay-to-play’ rule.
“The pay-to-play rule remains on the books today because it works. Repealing it is nothing but the most brazen corruption.”
| # | Наименование новости | Тональность | Информативность | Дата публикации |
|---|---|---|---|---|
| 1 | Why The SEC Proposed Rescinding Its 'Pay-To-Play' Rule | 0 | 10.86 | 16-10-2026 |
| 2 | ‘It should be illegal’: Trump’s 1,156 July stock trades involved AI, Big Oil, weapons-makers, and more | 0 | 18.07 | 23-09-2026 |
| 3 | "Rule of Law vs. Rule of Billionaires": Supreme Court Says Trump Can Fire Regulators, Except at Fed | 0 | 7 | 02-07-2026 |
| 4 | Trump shattered ethics norms. Will voters trust Democrats to fix them? | 0 | 9.96 | 28-07-2026 |
| 5 | Trump ‘slush fund’ echoes scorned 19th-century spoils system, academics say | 0 | 10.08 | 01-06-2026 |
| 6 | Treasury Drops Proposed 'Per Se' Test For Tax-Free Spinoffs | 0 | 14.88 | 20-10-2026 |
| 7 | Trump's Pentagon comptroller confronted over billions awarded to the president's sons | -2 | 7 | 14-07-2026 |
| 8 | SEC proposes changes to registered offering framework | 0 | 5.1 | 22-06-2026 |
| 9 | Flawed SCOTUS Campaign Finance Ruling Opens New Avenues for Billionaires and Corporations to Buy Elections | -8 | 7 | 30-06-2026 |
| 10 | Congressional Investigations: What to Expect in the 120th Congress | 0 | 6.54 | 01-01-1970 |