Compliance Notes - Vol. 7, Issue 8

RECENT LOBBYING, ETHICS & CAMPAIGN FINANCE UPDATES

Campaign Finance & Lobbying Compliance

Colorado: The Colorado Supreme Court heard oral arguments Tuesday, April 21, 2026, on whether the state’s requirement that ballot measure committees disclose their registered agent’s name on political advertisements violates the First Amendment. The case arises from a 2020 campaign by No on EE — A Bad Deal for Colorado, an issue committee primarily funded by tobacco company Liggett Vector Brands that opposed Proposition EE, a state nicotine tax measure. No on EE spent more than $3 million on communications without listing its registered agent before correcting the omission after a voter complaint, and was fined $30,000 by the deputy secretary of state. The Colorado Court of Appeals struck down the disclosure requirement as facially unconstitutional, finding the state had not shown a substantial relationship between the government’s interest in informing voters and the disclosure of a registered