D.C. Amends Campaign Finance Laws for Businesses Working on District Contracts

 Politics and business go hand in hand, and being involved in politics can be instrumental to a business's success. As such, it's important to remain abreast of regulations around campaign contributions from businesses. The District of Columbia recently updated the Campaign Finance Reform Amendment Act of 2018 (CFRAA), a campaign finance law that aims to address corruption. According to a notice released in December of 2022, the law will now prohibit businesses working on District contracts or seeking to work on contracts with the District with a cumulative value of over $250,000.00 from making certain monetary contributions to political candidates.

 The District's Campaign Finance Board, an independent agency, will regulate and apply the law to any campaign and political contributions for the 2024 election cycle and forward. The District is also developing a self-certification platform to help District contractors manage the law requirements. The regulation will be promulgated and available for public review and comment in the beginning of this year. We will keep an eye out for the information sessions the Office of Contracting and Procurement will be hosting this month and report back once we have additional information. Though the law is still developing and we are following it closely, view the latest language and its requirements here. 

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