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News
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November 8, 2012
Brett Kappel Comments on Super PACs’ Raising Funds from Publicly Traded Companies, Important New FEC Precedent
Brett Kappel, counsel in Arent Fox’s Government Relations Group, was quoted by The Washington Post for an article on the money raised by Super PACs from publicly traded companies. The Post reported that “an analysis by the Center for Responsive Politics and the Center for Public Integrity found that 11 percent of the $660 million raised by all super PACs through mid-October had come from corporate treasuries — mostly privately held companies or limited partnerships.” Mr. Kappel said that a vast majority of publicly traded companies declining to donate to Super PACs is understandable: “Shareholders in publicly traded companies would hold corporate executives accountable for such a large expenditure of company resources, especially if the company failed to achieve its political objectives.” Mr. Kappel was also quoted by Bloomberg BNA on campaign finance regulations. The article reported on “a new precedent allowing congressional candidates to receive increased campaign contributions if they compete in minor-party primary contests, along with Democratic and Republican primaries.” Mr. Kappel commented that, “This decision will be a big boost for minor parties, giving major party candidates a substantial incentive to run in multiple primaries.” “It’s also the first time that the FEC has held that a minor party primary held entirely on the Internet qualified as a separate election under the Federal Election Campaign Act — another big boost for groups promoting voting over the Internet,” said Mr. Kappel. |
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