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GOP looks to shake loose more Wall Street cash

August 13, 2014, Politico

Covington partner Rob Kelner is quoted regarding campaign spending limits and a Securities and Exchange Commission rule that limits contributions from Wall Street financiers to governors and other state officials running for federal office:

"Campaign finance lawyers said they had always expected someone to challenge the SEC’s rule in court, but it was difficult to find either a politician or money manager willing to publicly crusade against an anti-bribery regulation." 

'"That made it very difficult to find a plaintiff to stick his or her head up over the trenches and engage in battle with the SEC,' said Robert Kelner, a lawyer who has represented the Republican National Committee."

'“All of these things together have created a very hospitable environment for a challenge to the SEC,”' said Kelner, who is with Covington & Burling LLP." 

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