Disclosures to the Federal Election Commission ahead of a Saturday filing deadline showed the group of corporate PACs affiliated with those 10 companies made $13,000 in new donations to candidates in January. Read MoreOnly committees tied to two of the companies - General Electric Co and American Express Co - reported any new giving to federal candidates in January. Political giving usually slows down in the months after a U.S. general election and money from corporate political action committees is a small slice of the funds raised by political campaigns. Corporate PACs cannot donate money from the company treasury but generally serve as a conduit for contributions from managers and shareholders. Committees affiliated with Best Buy, State Street Corp, Dow Inc and Nike Inc did not report new donations to any candidates in January.

Source: Standard Digital February 21, 2021 01:18 UTC