A California-based investment executive with more than two decades of experience, Imran Husain has managed IH Investments LLC, a family-owned investment company focused on multifamily and commercial real estate, since 2011. In addition to his interest in real estate and investing, Imran Husain pays close attention to state politics.
In a decision that might have ramifications for the future of “dark money” politics across the nation, the U.S. Supreme Court struck down a California regulation that forced charity organizations to reveal the identities of contributors. Prior to the June 24th ruling, California required nonprofit charities soliciting donations in the state to disclose their major contributors to the attorney general. Campaign finance reform leaders believed the regulation would eventually prevent anonymous money, dubbed “black money,” from entering the state's political sphere.
The case matched charities' desire to protect the privacy of their contributors against the nation's need to combat charitable fraud. Conservative nonprofits Americans for Prosperity Foundation (a Koch-affiliated group) and the Thomas More Law Center challenged the state rule, arguing that the state had not demonstrated a convincing basis for the law, triggering the evaluation, which subsequently resulted in the ruling.
