A bank headed by the chairman of the Missouri Bankers Association has filed suit challenging a state law restricting committee-to-committee transfer of campaign funds.
The provision passed by the legislature last spring was described as prohibiting transfers of money between political committees.
Supporters argued it would provide more transparency in campaign finance sources because the actual source of a contribution could not be as easily hidden by transfers of money between committees.
But the law also covers some types of banks.
Legends Bank in Linn and its president, John Klebba, argue in their petition that the law violates their free speech rights.
Republican legislative leaders had promoted the campaign-transfer restriction and other transparency provisions has a more effective approach than the governor’s call to restore limits on campaign contributions.