The pause will last through the 2021-2022 election cycle, which includes November’s midterm elections, after which JPMorgan will review whether to resume contributions to the lawmakers concerned on an individual basis, it said.
Citigroup said it would evaluate whether to give to all lawmakers case-by-case based on a new set of criteria which includes “character and integrity” and “a commitment to bipartisanship and democratic institutions.” As part of its revamped spending strategy, the bank will also expand donations beyond lawmakers who oversee financial matters to those active on issues the bank considers “moral and economic imperatives for our country,” such as addressing the racial wealth gap, education and criminal justice reform.Since the initial January backlash, corporations have been grappling https://www.reuters.
Of the 147 lawmakers, JPMorgan gave $10,000 each to House finance committee members Blaine Luetkemeyer and Lee Zeldin, and House Republican leader Kevin McCarthy, among others, during the 2019-2020 election cycle, according to the Center for Responsive Politics . Representatives for the lawmakers did not respond to requests for comment.
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