New Jersey Bankers Association v. Grewal: 4th Circuit Opinion

Holding that New Jersey Bankers Association is not a “corporation carrying on the business of a bank,” the 4th Circuit held that NJ’s restrictions on contributions and expenditures by banks did not apply to NJBA and ordered the district court to dismiss the case. Campaign Legal Center (CLC) had filed an amicus brief in defense of New Jersey’s ban on contributions by banks and certain other corporations on Dec. 1, 2020.