New York Republican State Committee v. SEC

The state Republican parties of New York and Tennessee challenged an SEC rule barring investment firms from managing state assets for two years after a firm or its associates make more than de minimis contributions to officeholders or candidates who have or would have power to award investment contracts.  The district court dismissed the suit for lack of subject matter jurisdiction, but the Republican party committees appealed the decision and the case is before the D.C. Circuit Court of Appeals.