corporate contributions

Subscribe to corporate contributions

The Washington State Public Disclosure Commission raised campaign contribution limits last week.  Effective January 5, 2014, corporations, PACs, and individuals will be able to donate $950 per election to legislative candidates and $1,900 per election to gubernatorial and other statewide candidates.  A primary and general election are considered separate elections for contribution limit purposes.  A…

After extensive legislative deliberation over the past year, last week the Council of the District of Columbia unanimously approved a campaign finance reform bill which aims to tighten up rules around LLC contributions and promote fundraising transparency.  Notably, the D.C. Council had contemplated inserting pay-to-play restrictions in the campaign finance bill, but ultimately removed any…

On Thursday, the Federal Election Commission (FEC) was unable to agree on whether Yamaha Motor Corporation, U.S.A. could sponsor a Separate Segregated Fund (a corporate “SSF” or “PAC” in common parlance) that solicited contributions from the employees of its dealers and service centers.  The request resulted in an unsurprising deadlock and a surprising discussion about…

Effective today, corporations can now make unlimited campaign contributions directly to candidates in Alabama state and local elections.  The Alabama legislature passed this law to remove the $500 per election cap on corporate contributions in May, but, as we previously covered, there was some ambiguity regarding when the law would take effect.

Other provisions…

Yesterday, the Wisconsin Assembly passed a bill that would modify Wisconsin’s ban on corporate expenditures  and double the state’s political contribution limits.  In response to Citizens United, the bill lifts Wisconsin’s blanket prohibition on corporate expenditures.  If passed by the Senate and signed into law, the bill would permit corporate independent expenditures and corporate…

Earlier this week, activist investors attempted to push through a shareholder resolution barring Chevron from using corporate funds for political activities.  The resolution called for the board of directors to “adopt a policy to refrain from using corporate funds to influence any political election.”  If passed, it would have prohibited not only direct contributions, but…

New changes to Alabama law will allow corporations, like individuals, to make unlimited campaign contributions in Alabama state and local elections.  Last Friday, Governor Robert Bentley signed the law which removes the $500 per election cap on corporate contributions.  (The Alabama Attorney General’s Office interpreted the $500 per election cap to mean corporate contributions to…

Political spending proposals were among the most common shareholder proposal topics in 2012, with more than 90 political spending proposals being submitted to S&P 500 companies (only 56 were voted upon). Despite the significant number of such proposals submitted in 2012, political spending proposals did not fare well with shareholders, garnering only 26% support from…

This morning the Supreme Court denied review in Danielczyk v. United States, a criminal case in which the defendants challenged the century-old federal ban on direct corporate contributions to candidates.  The district court had granted a motion to dismiss Count Four of the indictment, alleging that the defendants had directed corporate money to a…

Corporations can engage in political activity.  But they must be careful how they do so; corporations still face restrictions, such as the prohibition on making contributions to federal candidates.  As we have seen, following a line of cases culminating in Citizens United, corporations may give unlimited sums to Super PACs.  They may also contribute…