Late Friday evening, Judge Kollar-Kotelly issued this opinion denying Emily’s List a preliminary injunction barring the FEC from enforcing new post-BCRA rules on allocation of federal and non-federal money for non-party committees. This is a significant ruling, upholding some limitations on the fundraising activities of non-party committees that were not in place in the last election cycle. The important First Amendment discussion appears on pages 20-21 of the opinion. This issue will likely be resolved ultimately (though not necessarily at the preliminary injunction stage) at the D.C. Circuit or the U.S. Supreme Court.