Jack Davis (D) is running for the NY-26 House seat being vacated by incumbent Tom Reynolds.  He nearly beat Reynolds in 2006. A major part of Davis' platform is trade reform.

Davis challenged an election law provision impacting wealthy candidates.  He won that case today, in a 5-4 decision. 

It involves the so-called "Millionaire's Amendment". 

Basically, it says that if a candidate self-funds his House or Senate campaign beyond a certain level (and the math is complicated) and makes the race less competitive, the challenger can start raising funds at twice or even three times ($6900/election) the contribution limits otherwise applicable, and the self-funder becomes subject to various mandatory disclosure requirements regarding his use of his own funds.

The full decision (a 5-4 majority) is here.  First Amendment free speech restrictions were at issue.

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