You are hereTalking Points Memo: Report: Chamber Raises Hundreds Of Thousands From Foreign Companies

Talking Points Memo: Report: Chamber Raises Hundreds Of Thousands From Foreign Companies


October 5, 2010- Think Progress, the reporting arm of the Center for American Progress, is out with a big story today about how the U.S. Chamber of Commerce raises hundreds of thousands of dollars from foreign nationals and corporations.

The Chamber is in the midst of a $75 million midterm ad campaign focused largely on supporting Republican candidates and has aired more than 8,000 ads so far. It also lobbied heavily against health care reform and financial reform.


The Chamber has raised hundreds of thousands through its international branches, called AmChams, in India, Egypt, Bahrain and elsewhere around the world. As TP points out, on the web site of its Indian operation, the Chamber's U.S.-India Business Council writes that it "can play a helpful role in guiding U.S. companies to India." Members of these mini-Chambers, who include foreign nationals and corporations, pay thousands in yearly dues.

According to federal election law, "foreign nationals are prohibited from contributing, donating or spending funds in connection with any federal, state, or local election in the United States, either directly or indirectly." It is also illegal to "solicit, receive or accept contributions or donations from them."

FULL STORY HERE:

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