“Federal judge suspends new Minnesota campaign finance law set to take effect Jan. 1”

From the Minnesota Reformer:

A federal judge halted a campaign finance law that aimed to curtail political contributions from corporations with at least some degree of foreign ownership. 

U.S. District Court Judge Eric Tostrud issued a preliminary injunction Wednesday, days before the law was to go into effect on Jan. 1. The Minnesota Chamber of Commerce sued Ramsey County Attorney John Choi and the Minnesota Campaign Finance and Public Disclosure Board, arguing that the new law violates the free speech rights of corporations. 

The law passed by the Minnesota Legislature and signed into law by Gov. Tim Walz says companies with a single foreign investor who holds 1% or more of shares — or companies that have multiple foreign investors who own 5% or more of shares — may not make donations to be used in Minnesota elections. Companies that violate the law could be criminally or civilly penalized. 

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