One Missouri Bank Sues for Political Clout

9 years 9 months 1 week ago Tuesday, December 14 2010 Dec 14, 2010 Tuesday, December 14, 2010 9:21:57 AM CST December 14, 2010 in News
JEFFERSON CITY - Missouri's Legends Bank wants more freedom to make political contributions. State law last year is now being challenged in court because it restricted some banks making political contributions. Now Legends wants that law upended so it can feed the political action committees that finance campaigns.

In his lawsuit, Legends Bank president John Klebba calls the new ethics law unconstitutional because it infringes on his business' right to free speech. Under the law, his business cannot donate to any political action committees. However, before the law was passed his business was able to donate.

Speaking by phone, Klebba said he was optimistic about his chances.

"What we hope is that it will be fixed in this legislative session. I think most legislators will be amenable to fixing the language."

His feelings have been echoed by the bill's sponsor, Senator Charlie Shields. In a statement to KOMU, Shields said he was open to changing the language of the law to prevent exclusion from the political process. He also said the intention of the bill was to crack down on money transfers between political action committees, which he called "political money laundering."

More News

Grid
List
MU adds casing to protect Thomas Jefferson tombstone A clear casing was added to Thomas Jefferson's tombstone at... More >>
50 minutes ago Monday, September 21 2020 Sep 21, 2020 Monday, September 21, 2020 4:42:00 AM CDT September 21, 2020 in Top Stories
HOWARD COUNTY - After four elections running unopposed for the Howard County coroner's position, Frank Flaspohler faces new opposition this... More >>
6 hours ago Sunday, September 20 2020 Sep 20, 2020 Sunday, September 20, 2020 11:07:00 PM CDT September 20, 2020 in News
COLUMBIA — Heading into the 2020 season, the Battle Spartans had their share of concerns starting the season during the... More >>
9 hours ago Sunday, September 20 2020 Sep 20, 2020 Sunday, September 20, 2020 8:23:00 PM CDT September 20, 2020 in Sports
KANSAS CITY, Mo. (AP) — Health officials say a Chiefs fan who tested positive for COVID-19 one day after attending... More >>
12 hours ago Sunday, September 20 2020 Sep 20, 2020 Sunday, September 20, 2020 4:44:24 PM CDT September 20, 2020 in News
COLUMBIA - A clear casing was added to Thomas Jefferson's tombstone at MU Saturday night. The acrylic vitrine covering... More >>
13 hours ago Sunday, September 20 2020 Sep 20, 2020 Sunday, September 20, 2020 4:25:00 PM CDT September 20, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. Previous coverage: ... More >>
14 hours ago Sunday, September 20 2020 Sep 20, 2020 Sunday, September 20, 2020 3:11:00 PM CDT September 20, 2020 in News
COLUMBIA - Downtown Columbia nightclub Nash Vegas had its operating permit suspended Friday night due to several health violations, according... More >>
14 hours ago Sunday, September 20 2020 Sep 20, 2020 Sunday, September 20, 2020 3:06:00 PM CDT September 20, 2020 in News
LAKE OF THE OZARKS - The Missouri State Highway Patrol said divers found the body of 73-year-old Dennis Jaeger at... More >>
15 hours ago Sunday, September 20 2020 Sep 20, 2020 Sunday, September 20, 2020 2:04:00 PM CDT September 20, 2020 in News
JEFFERSON CITY - Police are investigating a shooting incident that left four people injured. According to the Jefferson City... More >>
22 hours ago Sunday, September 20 2020 Sep 20, 2020 Sunday, September 20, 2020 7:00:00 AM CDT September 20, 2020 in News
JEFFERSON CITY - A driver has been taken to hospital after a single vehicle crash on Saturday night. The... More >>
23 hours ago Sunday, September 20 2020 Sep 20, 2020 Sunday, September 20, 2020 5:40:00 AM CDT September 20, 2020 in News
COLUMBIA – While high school football has been happening so far this season in the wake of COVID-19, one part... More >>
1 day ago Saturday, September 19 2020 Sep 19, 2020 Saturday, September 19, 2020 6:47:00 PM CDT September 19, 2020 in News
COLUMBIA – Supreme Court Justice Ruth Bader Ginsburg left lifelong impressions on two Columbia students. The students, a high... More >>
1 day ago Saturday, September 19 2020 Sep 19, 2020 Saturday, September 19, 2020 6:47:00 PM CDT September 19, 2020 in News
COLUMBIA - Monday night will likely be a long one for the Columbia City Council as it gets another... More >>
1 day ago Saturday, September 19 2020 Sep 19, 2020 Saturday, September 19, 2020 6:14:00 PM CDT September 19, 2020 in News
SPRINGFIELD, Mo. (AP) — Authorities say a 19-year-old was fatally shot near the Missouri State University campus in Springfield. ... More >>
1 day ago Saturday, September 19 2020 Sep 19, 2020 Saturday, September 19, 2020 2:46:00 PM CDT September 19, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. Previous coverage: ... More >>
1 day ago Saturday, September 19 2020 Sep 19, 2020 Saturday, September 19, 2020 2:14:00 PM CDT September 19, 2020 in News
COLUMBIA - No one was injured in an RV fire in southwest Columbia on Saturday. No injuries have been... More >>
1 day ago Saturday, September 19 2020 Sep 19, 2020 Saturday, September 19, 2020 12:48:00 PM CDT September 19, 2020 in News
JEFFERSON CITY - A fire at a Jefferson City home displaced two people early Saturday morning. According to a... More >>
1 day ago Saturday, September 19 2020 Sep 19, 2020 Saturday, September 19, 2020 9:43:00 AM CDT September 19, 2020 in News
(CNN) -- President Donald Trump hailed Supreme Court Justice Ruth Bader Ginsburg as a "brilliant mind" in a statement Friday... More >>
2 days ago Saturday, September 19 2020 Sep 19, 2020 Saturday, September 19, 2020 5:00:00 AM CDT September 19, 2020 in News
Columbia, MO
Broken Clouds 53°
6am 51°
7am 50°
8am 54°
9am 59°