Pay-To-Play Compliance System and Method
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United States of America Patent
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Issued Date -
May 24, 2012
app pub date -
Nov 23, 2010
filing date -
Nov 23, 2010
priority date (Note) -
Abandoned
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Abstract
A system and method for ensuring compliance with pay-to-play laws. In one embodiment of the invention, the computer-implemented method of facilitating compliance with pay-to-play laws of different jurisdictions having varying requirements, comprises the steps of: creating, on a computer system, at least one question related to compliance with pay-to-play laws; storing, in a database, the at least one question related to compliance with pay-to-play laws; storing, in a database, at least one restriction related to compliance with pay-to-play laws; presenting the at least one question to a first user; receiving an answer from the user in response to the at least one question; determining a compliance status, using the computer system, based on a comparison between the answer and the at least one restriction; sending the compliance status to an output device of the computer system; and storing all inputted data and responses for reporting or regulatory compliance use.
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