Your Voice on Capitol HillWhere does my contribution go?
The retail banking industry continues to be challenged with unprecedented issues that will have a profound effect on how we do business in the future. These recent changes have made it more important than ever to support candidates who will advocate on our behalf and help preserve our industry in this new environment. The Consumer Bankers Association Political Action Committee (CBA-PAC) is a voluntary, non-partisan committee established to raise funds for the campaigns of members of the U.S. Senate and House of Representatives. CBA-PAC is a vital tool for educating Members of Congress about the concerns and interests of the retail banking industry as we strive to fulfill the financial needs of the American consumer.
CBA's PAC money goes towards educating policymakers, promoting our advocacy efforts and supporting those Members of Congress who understand the importance of a healthy, vigorous, and robust financial services industry. Federal election laws prohibit corporations from contributing directly to a candidate; therefore, PAC dollars are a critical source of funding for candidates.
How does CBA-PAC decide which candidates to support?
100% of every contribution supports candidates from both political parties who care about strong, competitive financial markets. Worthy candidates are selected through strict review of their:
- Alignment with CBA's legislative agenda and priorities
- Platform and voting records on issues important to the industy
- Leadership on key committees of importance to the industry