JPMorgan Chase CEO Jamie Dimon Gets Political In Letter To - Forbes [Govtrack, Accessed 2/7/22], October 2021: Senate Republicans Blocked The Freedom To Vote Acts Passage. Another provision makes it a crime to offer water to voters waiting in lines, which tend to be longer in densely populated communities. [The New York Times. Were led by CEOs who are interested in increasing voter participation and represent the following companies. [Time To Vote, Accessed, One of the most common reasons people give for not voting is that theyre too busy with the demands of work and life. 574, LA H.B. A violent mob loyal to President Donald Trump stormed the U.S. Capitol on Wednesday and forced lawmakers into hiding, in a stunning attempt to overturn Americas presidential election, undercut the nations democracy and keep Democrat Joe Biden from replacing Trump in the White House. American Democracy Scorecard. Why banks are steering more political donations to Democrats The vote was 49 to 51. The bill would require each state to ensure that individuals with disabilities have the same access to absentee ballots and applications as other voters, as well as making them electronically accessible to voters with disabilities, among other safeguards. [Brennan Center for Justice. Brokerages halt political donations after riots at US Capitol Protections for individuals with disabilities: The bill would address some of the biggest challenges to voting access that Americans with disabilities face. shortcomings, which could dent a companys bottom line. [The New York Times, 6/5/21], Bank Of Americas Most Recent Public Political Spending Disclosure Was Released In 2020. The Code influences how we do business as we continue to build a stronger, more streamlined and customer-focused company. Election and democracy experts say they see the rise of anti-democratic impulses in statehouses as a clear, new threat to the health of American democracy. Email Alerts. Follow the money on gun rights and gun control groups. 643, AZ S.B. , Texas, 2023 Opening a Bank Account For Your Political Campaign - Online Candidate Bank of America has identified the employees who are covered by such restrictions and requires that those employees pre-clear any contributions with designated Compliance personnel. In a vote of 50-50, it fell short of the 60 needed to overcome a GOP filibuster. Just six GOP senators joined with the Democrats, leaving the measure short of the 60 votes needed to proceed. [NPR. Market Data copyright 2023 QuoteMedia. The Senates recently introduced Freedom to Vote Act (FTVA) incorporates most of the critical provisions from the For the People Act (FTPA), landmark voting rights and anticorruption legislation that passed the House of Representatives in March 2021. The number of public companies that disclose or prohibit political spending hit a record this year and more corporations are assigning directors the responsibility of decision-making amid an era of hyper-partisanship. [Politico, 11/30/21], Shareholders Of Publicly Traded Companies Planned To Call For Increased Disclosure Around Political Spending At Annual Shareholder Meetings. Copy Address. Voting is the lifeblood of our democracy and we call upon all Americans to join us in taking a nonpartisan stand for this most basic and fundamental right of all Americans. Republicans passed and signed the 98-page voting law last week following the first Democratic victories in presidential and Senate elections in Georgia in a generation. RT=Real-Time, EOD=End of Day, PD=Previous Day. New Deloitte survey of 300 senior finance, legal and sustainability leaders shows companies are working toward more reliable and timely data, with investments in technology, controls design and implementation resources, and a robust, integrated strategy to meet the growing expectation for high quality ESG reporting information. [Deloitte. Furthermore, in a 2021 survey by Howard University Digital Informers, a slim majority (51.5%) of respondents believe that Black Americans are targets of fake news. [The Brookings Institution. Citigroup's contributions are evenly split for. As a pro-Trump protest turned into a violent attack on the Capitol on Jan. 6 last year, four people in the crowd died. [The New York Times. The Center for Responsive Politics says the financial sector is "far and away the largest source of campaign contributions to federal candidates and parties." It also spent $536.3 million on. At least 357 sitting Republican legislators in closely contested battleground states have used the power of their office to discredit or try to overturn the results of the 2020 presidential election, according to a review of legislative votes, records and official statements by The New York Times. Our recent research supports this view democracy is less likely to survive in a poor informational environment. Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). The bank said that its PAC will no longer support members of Congress who attempted to "subvert the presidential election results and disrupt the peaceful transition of power." Verizon The. Around the world, there are increasing concerns that fake news threatens democracy. 169, MT S.B. The Reviews Have Been Used To Justify New Voting Laws And Efforts To Decertify The 2020 Election. 24 percent of the Republican lawmakers voted for an outside, partisan review of the 2020 election (often referred to as an audit). The U.S. Chamber of Commerce strongly opposes S. 1, disingenuously named the For the People Act of 2021. The Chamber will consider including votes related to this bill in our annual How They Voted scorecard. [Chamber of Commerce, CEO is a member of the Business Roundtable, which has released pro-democracy statements in recent years, Released a statement opposing the events of January 6th, 2021, Published an annual corporate responsibility disclosure/report, Published a public political spending disclosure, Took a major action in support of voting rights or democracy, Has not enabled or allowed its platform to be used to share electoral mis/disinformation, Did not donate to federal lawmakers who opposed voting rights legislation during the 2022 election cycle, Did not donate to federal lawmakers who objected to certifying the 2020 presidential election, Did not donate to federal lawmakers who opposed creating a Congressional January 6th investigation, Donated to state officials who voted for anti-voter legislation during the 2022 election cycle, Did not donate to state officials who supported 2020 election audits, Key company staff made large donations to anti-democracy federal legislators during the 2022 election cycle, Is a member of the U.S. Chamber of Commerce, which opposed recent federal voting legislation. The companies made a commitment to ensure that their employees had a work schedule that allowed them time to vote in that years midterm elections. [Time To Vote, Accessed, This movement is a non-partisan effort that demonstrates the power of what the business community can achieve when it works to address the most significant issues of our time. As a pro-Trump protest turned into a violent attack on the Capitol on Jan. 6 last year, four people in the crowd died. [New York Times. The right to vote should be distributed in the broadest sense and anything that goes against that shouldnt be tolerated, said CEO Brian Moynihan in an interview with CNNs Poppy Harlow on Friday. [CNN. , California, New York City And while bankers are giving more overall to Republicans, as they did in 2016 and 2018, donations for 2020 congressional races appear to be spread more evenly between the parties. Bank of America respects the rights of its employees to support issues and candidates of their choosing, and employees may elect to make personal political contributions, either directly or through company-sponsored or other political committees as permitted by applicable local, state, and federal laws, as well as the laws of any applicable jurisdiction outside of the United States. Bank of America Profile: Summary OpenSecrets In short, it would be the most significant federal expansion of voting rights in a generation. [The Hill. 1111, TX S.B. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). [] Tensions were already running high when lawmakers gathered early Wednesday afternoon for the constitutionally mandated counting of the Electoral College results, in which Biden defeated Trump, 306-232. [AP, 1/6/21], Following The Violence At The Capitol On January 6, Four People In The Crowd Died. 413, IA S.F. The insurance limit on your savings has become a hot global debate The business landscape today has been transformed by environmental and social concerns. Business Roundtable members believe state laws must safeguard and guarantee the right to vote. [Business Roundtable. The Public Policy Executive reports at least annually to the Corporate Governance, ESG, and Sustainability Committee, which is comprised solely of independent members of our Board of Directors, on significant policies and practices concerning political contributions, major lobbying priorities and principal trade association activities that relate to the company's public policy objectives. Bank of Americas chief executive is the latest business leader to speak out about restrictive voting legislation in states such as Georgia and Texas, calling for a federal bipartisan commission to investigate the measures. President Biden won the state by just 11,779 votes out of nearly five million cast. Additionally, Bank of America employees are welcome to participate in political activities on their own time and in accordance with their individual desires and political preferences. This leads to the election of incompetent and perhaps corrupt or self-dealing governments. Bank of America welcomes the informed participation of its employees in governmental, regulatory, and elective processes. In general, Bank of America employees may make personal contributions, within applicable legal limits, to political candidates, political parties, political action committees, and other entities that make political expenditures. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). In three states, Arizona, Pennsylvania and Wisconsin, state lawmakers successfully pushed for investigations that sowed doubt about the results and tested the boundaries of their oversight. [The New York Times, 5/22/22], The New York Times: Election And Democracy Experts Say They See The Rise Of Anti-Democratic Impulses In Statehouses As A Clear, New Threat To The Health Of American Democracy. Election and democracy experts say they see the rise of anti-democratic impulses in statehouses as a clear, new threat to the health of American democracy. Are Not Bank Guaranteed. Heres why this matters: Such outcomes at the polls lower public confidence in democracy and generate support for emergent anti-democratic forces. [Washington Post, 4/5/19], The Brookings Institution: One Of The Drivers Of Decreased Confidence In The Political System Has Been The Explosion Of Misinformation Deliberately Aimed At Disrupting The Democratic Process. [The Brookings Institution, 7/26/22], MIT Technology Review: How Facebook And Google Fund Global Misinformation. [MIT Technology Review, 11/20/21], The Washington Post: Facebook Groups Topped 10,000 Daily Attacks On Election Before Jan. 6, Analysis Shows. [The Washington Post, 1/4/22], NBC News: Tech Companies Struggle With The Human Side Of Fake News. [NBC News, 3/17/18], During The 2022 Election Cycle, Bank Of America Does Not Appear To Have Contributed To Members Of Congress Who Opposed Federal Voting Rights Legislation. Opening a campaign bank account is a first step in establishing a viable political campaign. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. As a global financial services company, Bank of America must be - and is - committed to participation in the political process in a manner that is consistent with solid corporate governance practices and in compliance with legal requirements. Spicemas Launch 28th April, 2023 - Facebook Bank of America Political Contributions Tracker | American Democracy Contributions. Figures on this page include contributions and spending by affiliates. [Accountable.US, Corporate Anti-Democracy Donations Database, accessed 7/12/22], In December 2021, The Brennan Center Identified That Between January 1 And December 7, At Least 19 States Passed 34 Laws Restricting Access To Voting. Between January 1 and December 7, at least 19 states passed 34 laws restricting access to voting. Using data from the Center for Responsive Politics, the following presentation reveals one of the largest sources, Bank of America ( BAC 1.58%), which is the 10th biggest corporate contributor. Senate Republicans blocked the John Lewis Voting Rights Act from advancing on Wednesday when the Senate took a procedural vote on whether to open debate on the legislation. View more on Money to Congress. INSTITUTE INDEX: Bank of America's disconnect on racial inequality The number of public companies that disclose or prohibit political spending hit a record this year and more corporations are assigning directors the responsibility of decision-making amid an era of hyper-partisanship. [Politico. San Francisco For permission to reprint for commercial uses, Misinformation And Disinformation Negatively Affect Election Outcomes And Ultimately Erode Confidence In Democracy, Generating Support For Emergent Anti-Democratic Forces., The Washington Post: Around The World, There Are Increasing Concerns That Fake News Threatens Democracy. Business Roundtable members believe state laws must safeguard and guarantee the right to vote. [Business Roundtable, 3/31/21], Business Roundtable CEOs: Paid Time Off And Flexibility For Voting Are Best Practices. [Business Roundtable, 7/21/20], The Business Roundtable Released A Statement Saying The Strength Of Our Democracy Depends On The Integrity And Fairness Of Our Nations Elections, Welcoming Efforts To Address Barriers To Voting At The State Level. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. We consider these best practices, which we encourage more companies to adopt. [Business Roundtable. Big business may very well be enabling America's very own version of the Chinese social-credit system in which political dissent is flagged, shunned, punished, and eradicated. 290, IN S.B. Countering long lines and related discriminatory practices: The bill creates protections for individuals subjected to excessive lines on Election Day most often Black and Latino voters by requiring states to ensure that lines last no longer than 30 minutes and restricting states from prohibiting donations of food or water to voters waiting in line. [Brennan Center for Justice. The Senate on Wednesday voted against the Freedom to Vote Act and The John Lewis Voting Rights Advancement Act, striking the fatal blow into Senate Democrats effort to pass major voting rights legislation. Over the course of our nations history, the right to vote was hard fought for so many Americans, particularly women and people of color. Unnecessary restrictions on the right to vote strike at the heart of representative government. Join BankPac | American Bankers Association Contribution refunds; Contributions from political party committees and other political committees [Accountable.US, Corporate Anti-Democracy Donations Database, accessed 7/12/22], On May 19, 2021, 35 House Republicans Joined The Majority Of House Members In Voting For An Independent Commission To Investigate The January 6 Insurrection. Thirty-five House Republican broke ranks Wednesday evening to support legislation that would establish an independent commission to investigate the January 6 insurrection at the US Capitol. Terms of Use (QuoteMedia). To address this barrier and increase voter participation, a diverse coalition of companies came together in the summer of 2018 to launch Time To Vote. Top Affiliates: Calls for Bank of America boycott grow after data given to FBI Bank of America has not reported any outside spending in the 2022 election cycle. The Hidden Cost of Bank of America's Deposits | The Motley Fool This data includes Forms 3, 3P, and 3X. For so many Americans, voting was a hard-fought right. Business Roundtable CEOs agree on the fundamental principle of supporting our employees in exercising their right to vote, by allowing flexibility and paid time off to vote that fits with their employment. Greg Abbott on Tuesday signed into law Senate Bill 1, sweeping legislation that further tightens state election laws and constrains local control of elections by limiting counties ability to expand voting options. [The Texas Tribune. The final tally was 50 to 49 with GOP Sen. Lisa Murkowski of Alaska voting with Democrats in favor. [CNN, 11/3/21], Politico: HR4 Would Restore Key Provisions Of The Voting Rights Act That Were Struck Down In 2013 By The Supreme Court. Recent polls have Biden ahead of President Trump in key . 90, GA S.B. All Americans who qualify should be able to exercise this right free from unnecessary hurdles. [Business Roundtable, 7/21/20], Business Roundtable Released A Statement Calling The January 6 Capitol Attack Inexcusable Violence And Said That Elected Officials Perpetuation Of The Fiction Of A Fraudulent 2020 Presidential Election Is Not Only Reprehensible, But Also A Danger To Our Democracy. Yesterdays inexcusable violence and chaos at the Capitol makes clear that elected officials perpetuation of the fiction of a fraudulent 2020 presidential election is not only reprehensible, but also a danger to our democracy, our society and our economy. Floating Ads Advantages And Disadvantages, General Manager Signature Flight Support, Personification In The Lion, The Witch, And The Wardrobe, Articles B
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Both GOP lawmakers, who are frequent critics of former President Donald Trump, were among the 35 House Republicans who voted to establish an independent commission, which was blocked by Senate Republicans. [CNN, [Select Committee to Investigate the January 6 Attack on the United States Capitol, Accessed. As a pro-Trump protest turned into a violent attack on the Capitol on Jan. 6 last year, four people in the crowd died. [New York Times, 1/5/22], 147 Members Of Congress Objected To Certifying The 2020 Presidential Election. 1244, AR H.B. Are Not Insured by Any Governmental Agency. 1, UT H.B. [The New York Times, 4/14/21]. More than 440 bills with provisions that restrict voting access have been introduced in 49 states in the 2021 legislative sessions. Sources of Funds Individuals: 84.86% From Organization: 15.14% Recipients of Funds Candidates: 58.65% Party Committees: 29.89% Bank Of America Corporation Is Not A Member Of The Civic Alliance, A Nonpartisan Coalition Of Businesses That Seeks To Secure Voting Rights For All Americans. [] Congress has the legal and constitutional power to ward off these attacks by passing the Freedom to Vote Act, which would set national standards to protect the freedom to vote, counter election sabotage, end partisan redistricting, and fix our broken campaign finance system. [Brennan Center for Justice, 9/20/21], The Freedom To Vote Act Would Restore Federal Voting Rights To Formerly Incarcerated Citizens Upon Their Release And Removes The Vestiges Of Restrictions Born Out Of Jim Crow. The Freedom to Vote Act [] Voting rights restoration: The bill restores federal voting rights to formerly incarcerated citizens upon their release, establishing a bright-line standard to replace the confusing patchwork of state laws and removing the vestiges of restrictions born out of Jim Crow. [Brennan Center for Justice, 9/20/21], The Freedom To Vote Act Would Require Each State To Ensure That Individuals With Disabilities Have The Same Access To Absentee Ballots And Applications As Other Voters, As Well As Making Them Electronically Accessible To Voters With Disabilities. The Freedom to Vote Act [] Protections for individuals with disabilities: The bill would address some of the biggest challenges to voting access that Americans with disabilities face. Bank of Americas PAC is a fully voluntary program. An individual who is under 18 years old may make contributions to candidates and political committees, subject to limitations, if: The decision to contribute is made knowingly and voluntarily by the minor; The funds, goods or services contributed are owned or controlled by the minor, proceeds from a trust for which he or she is a . Senate Republicans blocked the John Lewis Voting Rights Act from advancing on Wednesday when the Senate took a procedural vote on whether to open debate on the legislation. A bank checking account serves several purposes. It would take important steps to limit gerrymandering and make sure that politicians dont get to handpick their voters and entrench their power. The balance between the parties fluctuates for many reasons in any given election. In light of those events, some companies are temporarily suspending any political action committee (PAC) donations to all lawmakers as they assess their policies. [The Hill, 1/12/21], During The 2022 Election Cycle, Bank Of America Does Not Appear To Have Contributed To Members Of Congress Who Did Not Support The Formation Of A January 6th Commission Or The Committee To Investigate January 6th. Bank Of America Corporation Is Not A Member Of The Civic Alliance. Percentage donated to Republicans: 34.8%. When it comes to competitive advantages, Bank of America ( BAC 1.35%) has a huge one. Bank of Americas chief executive is the latest business leader to speak out about restrictive voting legislation in states such as Georgia and Texas, calling for a federal bipartisan commission to investigate the measures. Bank of America Does Not Appear To Have Enabled The Sharing Of Electoral Misinformation/Disinformation Nor Allowed Its Platform To Be Used To Share Electoral Misinformation/Disinformation Since The 2020 Election Cycle. Garrett Parker Garrett by trade is a personal finance freelance writer and journalist. 84 And LA H.B. [] Tensions were already running high when lawmakers gathered early Wednesday afternoon for the constitutionally mandated counting of the Electoral College results, in which Biden defeated Trump, 306-232. [AP. A 501(c)(3) tax-exempt, charitable organization, 1100 13th Street, NW, Suite 800 75. The Democratic bill, known as the Freedom to Vote Act, would make it easier to register to vote, make Election Day a public holiday, ensure states have early voting for federal elections and allow all voters to request mail-in ballots. [CNN. shortcomings, which could dent a companys bottom line. [The New York Times. [Civic Alliance, Accessed 6/6/22], The Civic Alliance Is A Nonpartisan Coalition Of Businesses That Seeks To Secure Voting Rights For All Americans. We all should feel a responsibility to defend the right to vote and to oppose any discriminatory legislation or measures that restrict or prevent any eligible voter from having an equal and fair opportunity to cast a ballot. As understanding grows about the risk and value creation opportunities that ESG presents, the demand for ESG disclosure has accelerated. 167, MT H.B. JPMorgan Chase CEO Jamie Dimon Gets Political In Letter To - Forbes [Govtrack, Accessed 2/7/22], October 2021: Senate Republicans Blocked The Freedom To Vote Acts Passage. Another provision makes it a crime to offer water to voters waiting in lines, which tend to be longer in densely populated communities. [The New York Times. Were led by CEOs who are interested in increasing voter participation and represent the following companies. [Time To Vote, Accessed, One of the most common reasons people give for not voting is that theyre too busy with the demands of work and life. 574, LA H.B. A violent mob loyal to President Donald Trump stormed the U.S. Capitol on Wednesday and forced lawmakers into hiding, in a stunning attempt to overturn Americas presidential election, undercut the nations democracy and keep Democrat Joe Biden from replacing Trump in the White House. American Democracy Scorecard. Why banks are steering more political donations to Democrats The vote was 49 to 51. The bill would require each state to ensure that individuals with disabilities have the same access to absentee ballots and applications as other voters, as well as making them electronically accessible to voters with disabilities, among other safeguards. [Brennan Center for Justice. Brokerages halt political donations after riots at US Capitol Protections for individuals with disabilities: The bill would address some of the biggest challenges to voting access that Americans with disabilities face. shortcomings, which could dent a companys bottom line. [The New York Times, 6/5/21], Bank Of Americas Most Recent Public Political Spending Disclosure Was Released In 2020. The Code influences how we do business as we continue to build a stronger, more streamlined and customer-focused company. Election and democracy experts say they see the rise of anti-democratic impulses in statehouses as a clear, new threat to the health of American democracy. Email Alerts. Follow the money on gun rights and gun control groups. 643, AZ S.B. , Texas, 2023 Opening a Bank Account For Your Political Campaign - Online Candidate Bank of America has identified the employees who are covered by such restrictions and requires that those employees pre-clear any contributions with designated Compliance personnel. In a vote of 50-50, it fell short of the 60 needed to overcome a GOP filibuster. Just six GOP senators joined with the Democrats, leaving the measure short of the 60 votes needed to proceed. [NPR. Market Data copyright 2023 QuoteMedia. The Senates recently introduced Freedom to Vote Act (FTVA) incorporates most of the critical provisions from the For the People Act (FTPA), landmark voting rights and anticorruption legislation that passed the House of Representatives in March 2021. The number of public companies that disclose or prohibit political spending hit a record this year and more corporations are assigning directors the responsibility of decision-making amid an era of hyper-partisanship. [Politico, 11/30/21], Shareholders Of Publicly Traded Companies Planned To Call For Increased Disclosure Around Political Spending At Annual Shareholder Meetings. Copy Address. Voting is the lifeblood of our democracy and we call upon all Americans to join us in taking a nonpartisan stand for this most basic and fundamental right of all Americans. Republicans passed and signed the 98-page voting law last week following the first Democratic victories in presidential and Senate elections in Georgia in a generation. RT=Real-Time, EOD=End of Day, PD=Previous Day. New Deloitte survey of 300 senior finance, legal and sustainability leaders shows companies are working toward more reliable and timely data, with investments in technology, controls design and implementation resources, and a robust, integrated strategy to meet the growing expectation for high quality ESG reporting information. [Deloitte. Furthermore, in a 2021 survey by Howard University Digital Informers, a slim majority (51.5%) of respondents believe that Black Americans are targets of fake news. [The Brookings Institution. Citigroup's contributions are evenly split for. As a pro-Trump protest turned into a violent attack on the Capitol on Jan. 6 last year, four people in the crowd died. [The New York Times. The Center for Responsive Politics says the financial sector is "far and away the largest source of campaign contributions to federal candidates and parties." It also spent $536.3 million on. At least 357 sitting Republican legislators in closely contested battleground states have used the power of their office to discredit or try to overturn the results of the 2020 presidential election, according to a review of legislative votes, records and official statements by The New York Times. Our recent research supports this view democracy is less likely to survive in a poor informational environment. Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). The bank said that its PAC will no longer support members of Congress who attempted to "subvert the presidential election results and disrupt the peaceful transition of power." Verizon The. Around the world, there are increasing concerns that fake news threatens democracy. 169, MT S.B. The Reviews Have Been Used To Justify New Voting Laws And Efforts To Decertify The 2020 Election. 24 percent of the Republican lawmakers voted for an outside, partisan review of the 2020 election (often referred to as an audit). The U.S. Chamber of Commerce strongly opposes S. 1, disingenuously named the For the People Act of 2021. The Chamber will consider including votes related to this bill in our annual How They Voted scorecard. [Chamber of Commerce, CEO is a member of the Business Roundtable, which has released pro-democracy statements in recent years, Released a statement opposing the events of January 6th, 2021, Published an annual corporate responsibility disclosure/report, Published a public political spending disclosure, Took a major action in support of voting rights or democracy, Has not enabled or allowed its platform to be used to share electoral mis/disinformation, Did not donate to federal lawmakers who opposed voting rights legislation during the 2022 election cycle, Did not donate to federal lawmakers who objected to certifying the 2020 presidential election, Did not donate to federal lawmakers who opposed creating a Congressional January 6th investigation, Donated to state officials who voted for anti-voter legislation during the 2022 election cycle, Did not donate to state officials who supported 2020 election audits, Key company staff made large donations to anti-democracy federal legislators during the 2022 election cycle, Is a member of the U.S. Chamber of Commerce, which opposed recent federal voting legislation. The companies made a commitment to ensure that their employees had a work schedule that allowed them time to vote in that years midterm elections. [Time To Vote, Accessed, This movement is a non-partisan effort that demonstrates the power of what the business community can achieve when it works to address the most significant issues of our time. As a pro-Trump protest turned into a violent attack on the Capitol on Jan. 6 last year, four people in the crowd died. [New York Times. The right to vote should be distributed in the broadest sense and anything that goes against that shouldnt be tolerated, said CEO Brian Moynihan in an interview with CNNs Poppy Harlow on Friday. [CNN. , California, New York City And while bankers are giving more overall to Republicans, as they did in 2016 and 2018, donations for 2020 congressional races appear to be spread more evenly between the parties. Bank of America respects the rights of its employees to support issues and candidates of their choosing, and employees may elect to make personal political contributions, either directly or through company-sponsored or other political committees as permitted by applicable local, state, and federal laws, as well as the laws of any applicable jurisdiction outside of the United States. Bank of America Profile: Summary OpenSecrets In short, it would be the most significant federal expansion of voting rights in a generation. [The Hill. 1111, TX S.B. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). [] Tensions were already running high when lawmakers gathered early Wednesday afternoon for the constitutionally mandated counting of the Electoral College results, in which Biden defeated Trump, 306-232. [AP, 1/6/21], Following The Violence At The Capitol On January 6, Four People In The Crowd Died. 413, IA S.F. The insurance limit on your savings has become a hot global debate The business landscape today has been transformed by environmental and social concerns. Business Roundtable members believe state laws must safeguard and guarantee the right to vote. [Business Roundtable. The Public Policy Executive reports at least annually to the Corporate Governance, ESG, and Sustainability Committee, which is comprised solely of independent members of our Board of Directors, on significant policies and practices concerning political contributions, major lobbying priorities and principal trade association activities that relate to the company's public policy objectives. Bank of Americas chief executive is the latest business leader to speak out about restrictive voting legislation in states such as Georgia and Texas, calling for a federal bipartisan commission to investigate the measures. President Biden won the state by just 11,779 votes out of nearly five million cast. Additionally, Bank of America employees are welcome to participate in political activities on their own time and in accordance with their individual desires and political preferences. This leads to the election of incompetent and perhaps corrupt or self-dealing governments. Bank of America welcomes the informed participation of its employees in governmental, regulatory, and elective processes. In general, Bank of America employees may make personal contributions, within applicable legal limits, to political candidates, political parties, political action committees, and other entities that make political expenditures. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). In three states, Arizona, Pennsylvania and Wisconsin, state lawmakers successfully pushed for investigations that sowed doubt about the results and tested the boundaries of their oversight. [The New York Times, 5/22/22], The New York Times: Election And Democracy Experts Say They See The Rise Of Anti-Democratic Impulses In Statehouses As A Clear, New Threat To The Health Of American Democracy. Election and democracy experts say they see the rise of anti-democratic impulses in statehouses as a clear, new threat to the health of American democracy. Are Not Bank Guaranteed. Heres why this matters: Such outcomes at the polls lower public confidence in democracy and generate support for emergent anti-democratic forces. [Washington Post, 4/5/19], The Brookings Institution: One Of The Drivers Of Decreased Confidence In The Political System Has Been The Explosion Of Misinformation Deliberately Aimed At Disrupting The Democratic Process. [The Brookings Institution, 7/26/22], MIT Technology Review: How Facebook And Google Fund Global Misinformation. [MIT Technology Review, 11/20/21], The Washington Post: Facebook Groups Topped 10,000 Daily Attacks On Election Before Jan. 6, Analysis Shows. [The Washington Post, 1/4/22], NBC News: Tech Companies Struggle With The Human Side Of Fake News. [NBC News, 3/17/18], During The 2022 Election Cycle, Bank Of America Does Not Appear To Have Contributed To Members Of Congress Who Opposed Federal Voting Rights Legislation. Opening a campaign bank account is a first step in establishing a viable political campaign. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. As a global financial services company, Bank of America must be - and is - committed to participation in the political process in a manner that is consistent with solid corporate governance practices and in compliance with legal requirements. Spicemas Launch 28th April, 2023 - Facebook Bank of America Political Contributions Tracker | American Democracy Contributions. Figures on this page include contributions and spending by affiliates. [Accountable.US, Corporate Anti-Democracy Donations Database, accessed 7/12/22], In December 2021, The Brennan Center Identified That Between January 1 And December 7, At Least 19 States Passed 34 Laws Restricting Access To Voting. Between January 1 and December 7, at least 19 states passed 34 laws restricting access to voting. Using data from the Center for Responsive Politics, the following presentation reveals one of the largest sources, Bank of America ( BAC 1.58%), which is the 10th biggest corporate contributor. Senate Republicans blocked the John Lewis Voting Rights Act from advancing on Wednesday when the Senate took a procedural vote on whether to open debate on the legislation. View more on Money to Congress. INSTITUTE INDEX: Bank of America's disconnect on racial inequality The number of public companies that disclose or prohibit political spending hit a record this year and more corporations are assigning directors the responsibility of decision-making amid an era of hyper-partisanship. [Politico. San Francisco For permission to reprint for commercial uses, Misinformation And Disinformation Negatively Affect Election Outcomes And Ultimately Erode Confidence In Democracy, Generating Support For Emergent Anti-Democratic Forces., The Washington Post: Around The World, There Are Increasing Concerns That Fake News Threatens Democracy. Business Roundtable members believe state laws must safeguard and guarantee the right to vote. [Business Roundtable, 3/31/21], Business Roundtable CEOs: Paid Time Off And Flexibility For Voting Are Best Practices. [Business Roundtable, 7/21/20], The Business Roundtable Released A Statement Saying The Strength Of Our Democracy Depends On The Integrity And Fairness Of Our Nations Elections, Welcoming Efforts To Address Barriers To Voting At The State Level. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. We consider these best practices, which we encourage more companies to adopt. [Business Roundtable. Big business may very well be enabling America's very own version of the Chinese social-credit system in which political dissent is flagged, shunned, punished, and eradicated. 290, IN S.B. Countering long lines and related discriminatory practices: The bill creates protections for individuals subjected to excessive lines on Election Day most often Black and Latino voters by requiring states to ensure that lines last no longer than 30 minutes and restricting states from prohibiting donations of food or water to voters waiting in line. [Brennan Center for Justice. The Senate on Wednesday voted against the Freedom to Vote Act and The John Lewis Voting Rights Advancement Act, striking the fatal blow into Senate Democrats effort to pass major voting rights legislation. Over the course of our nations history, the right to vote was hard fought for so many Americans, particularly women and people of color. Unnecessary restrictions on the right to vote strike at the heart of representative government. Join BankPac | American Bankers Association Contribution refunds; Contributions from political party committees and other political committees [Accountable.US, Corporate Anti-Democracy Donations Database, accessed 7/12/22], On May 19, 2021, 35 House Republicans Joined The Majority Of House Members In Voting For An Independent Commission To Investigate The January 6 Insurrection. Thirty-five House Republican broke ranks Wednesday evening to support legislation that would establish an independent commission to investigate the January 6 insurrection at the US Capitol. Terms of Use (QuoteMedia). To address this barrier and increase voter participation, a diverse coalition of companies came together in the summer of 2018 to launch Time To Vote. Top Affiliates: Calls for Bank of America boycott grow after data given to FBI Bank of America has not reported any outside spending in the 2022 election cycle. The Hidden Cost of Bank of America's Deposits | The Motley Fool This data includes Forms 3, 3P, and 3X. For so many Americans, voting was a hard-fought right. Business Roundtable CEOs agree on the fundamental principle of supporting our employees in exercising their right to vote, by allowing flexibility and paid time off to vote that fits with their employment. Greg Abbott on Tuesday signed into law Senate Bill 1, sweeping legislation that further tightens state election laws and constrains local control of elections by limiting counties ability to expand voting options. [The Texas Tribune. The final tally was 50 to 49 with GOP Sen. Lisa Murkowski of Alaska voting with Democrats in favor. [CNN, 11/3/21], Politico: HR4 Would Restore Key Provisions Of The Voting Rights Act That Were Struck Down In 2013 By The Supreme Court. Recent polls have Biden ahead of President Trump in key . 90, GA S.B. All Americans who qualify should be able to exercise this right free from unnecessary hurdles. [Business Roundtable, 7/21/20], Business Roundtable Released A Statement Calling The January 6 Capitol Attack Inexcusable Violence And Said That Elected Officials Perpetuation Of The Fiction Of A Fraudulent 2020 Presidential Election Is Not Only Reprehensible, But Also A Danger To Our Democracy. Yesterdays inexcusable violence and chaos at the Capitol makes clear that elected officials perpetuation of the fiction of a fraudulent 2020 presidential election is not only reprehensible, but also a danger to our democracy, our society and our economy.

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