An Act relative to pay-to-play schemes

This bill prohibits investment advisers from providing services to government entities for two years after they or their key personnel make political contributions to officials who influence those contracts. It also bans advisers from soliciting contributions from officials they are seeking to work with and prevents officials from accepting donations from advisers before awarding them contracts. The law defines specific roles such as executive officers and solicitors, while allowing for exemptions if approved by the campaign and political finance office. These measures aim to reduce conflicts of interest between public officials and private investment firms by restricting financial ties during the decision-making period.