Several corporations paused political giving in response to the January 6, 2021, insurrection in which a violent mob attacked the State Capitol after attending a Trump rally. However, some of these corporations such as JP Morgan Chase and Citigroup have resumed political giving. Kate Kelly reports this information in an article is published by New York Times. Here is an excerpt
Two major banks that paused their corporate political giving after the U.S. Capitol riot on Jan. 6 are resuming their donations — but with new parameters.
JPMorgan Chase and Citigroup, the nation’s largest and third-largest banks, said they planned to begin donating money gathered by their political action committees to candidates. JPMorgan will restart its giving this month, and Citi resumed on Friday, according to internal memos from both banks.
Both banks said that giving via corporate PACs was a valuable way to engage with political officials from both major parties, but that they would be more transparent with employees about whom their PACs were supporting from now on.
Read the full article here. Also, visit the main Democracy Chronicles section on American Democracy, our section on Money Politics, or our articles on Political Lobbying.
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