Many predicted Citizens United v. Federal Election Commission would unleash a torrent of corporate spending on elections. But a new survey suggests that companies stayed on the sidelines this election cycle.
The Landscape of Campaign Contributions, released on Nov. 2 by the nonprofit Committee for Economic Development, found that only one company independently spent money in support of a candidate during the first 19 months of the 2016 election cycle. The survey also found that businesses are a relatively minor source of money for so-called Super PACs—groups that can raise unlimited sums from individuals, companies and unions to spend on campaign activity. According to the report, contributions from public companies amounted to $4.6 million in 2014 and $5.3 million in 2016, which accounted for less than 1 percent of Super PAC receipts
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
