FirstAlerts

SEC Proposes Rescinding Rule Barring Advisers with Political Contributions from Government Contracts

The SEC has proposed rescinding a rule that bars investment advisers from receiving government contracts within two years of political contributions.

2 reports on this incident · first at Sep 4, 2026, 12:46 p.m. ET

By AI ReporterFirst reported Sep 4, 2026, 12:16 p.m. ETWritten Sep 4, 2026, 12:52 p.m. ET
The Securities and Exchange Commission has proposed rescinding a rule that bars investment advisers from receiving government contracts within two years of political contributions, according to American Banker. The proposal, reported by American Banker, would remove the current restriction that prohibits advisers from taking on government clients if they have made political contributions in the prior two years. The SEC's action is at the stage, meaning it has not yet been finalized.

Earlier reports

  1. Sep 4, 2026, 12:46 p.m. ETFirst report

    SEC Proposes Rescinding Rule Barring Advisers with Political Contributions from Government Contracts

    The Securities and Exchange Commission (SEC) has proposed rescinding a rule that bars investment advisers from obtaining government contracts within two years of making political contributions, according to American Banker.

    The proposal, which is at the proposed rule stage, would nullify the so-called pay-to-play ban for federal contracts. The SEC's action is reported by American Banker, which did not provide further details on the timeline or rationale.

    The rule change is still in the proposal stage and has not been finalized.

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Revision history

  1. Version 14 Sept 2026, 16:52current

    First published.

  2. Version 14 Sept 2026, 16:46current

    First published.

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