LAW THAT PROHIBITS GOVERNMENT MOTORS FROM MAKING CONTRIBUTIONS TO CONGRESS AND SENATE?

Various ^ | 9-25-2010 | Self

[Marty62]

2 USC 441 - Sec. 441b. Contributions :

(a) In general It is unlawful for any national bank, or any corporation organized by authority of any law of Congress, to make a contribution or expenditure in connection with any election to any political office, or in connection with any primary election or political convention or caucus held to select candidates for any political office, or for any corporation whatever, or any labor organization, to make a contribution or expenditure in connection with any election at which presidential and vice presidential electors or a Senator or Representative in, or a Delegate or Resident Commissioner to, Congress are to be voted for, or in connection with any primary election or political convention or caucus held to select candidates for any of the foregoing offices, or for any candidate, political committee, or other person knowingly to accept or receive any contribution prohibited by this section, or any officer or any director of any corporation or any national bank or any officer of any labor organization to consent to any contribution or expenditure by the corporation, national bank, or labor organization, as the case may be, prohibited by this section

Read more: http://vlex.com/vid/contributions-expenditures-corporations-19137884#ixzz10YLTANzh

[Marty62]

How can GM a Corp owned by the Government (taxpayers). Make contributions to POLITICAL candidates for FEDERAL OFFICE?

Someone that has a better Law on point pls post.

[Notwithstanding]

Legal detail that the rats are hanging their hats on:

The government did not create the corporation, it bought shares in the corporation. And under the law you cited, there is no prohibition on making blatant political expenditures.

Of course, if it had been Bush who rammed through a federal “purchase” of controlling stock in a bankrupt Haliburton (with a sweetheart deal for some other Bush ally to also get control of a huge chunk of shares - similar to Obama giving the UAW big chunks of GM), and Haliburton then made campaign contributions to any GOP politician, Bush would have been impeached.

[SteveH]

Exactly who is contributing how much to whom, when?

[Marty62]

http://blogs.wsj.com/washwire/2010/09/21/gm-resumes-campaign-contributions/

“General Motors Co. has resumed contributing to political campaigns, lifting a self-imposed ban on political spending adopted during the auto maker’s bankruptcy restructuring last year. GM gave $90,500 to candidates running in the November elections, Federal Election Commission records show. The beneficiaries include midwestern lawmakers, mostly Democrats, who have traditionally supported the industry’s legislative agenda on Capitol Hill, including Sen. Debbie Stabenow and Rep. John Dingell of Michigan and Sen. Sherrod Brown of Ohio. The list also includes House Republican Whip Eric Cantor (R., Va.), who would likely assume a top leadership post if Republicans win control of the House in November.

[kabar]

I assume that GM is not making the contributions, but rather, the individuals who work for GM.

[Marty62]

Ofcourse the Obama Administration naming of the President of the Company plus requiring the Admin oversee it’s operations makes no differrenc/S

[Marty62]

SEE: #4

[Natural Law]

Thed same thing applies to Freddie and Fannie.

[kabar]

From Open Secrets:

"The organizations themselves did not donate, rather the money came from the organization's PAC, its individual members or employees or owners, and those individuals' immediate families. Organization totals include subsidiaries and affiliates.

[Marty62]

UH HUH and I stopped believing in the tooth fairy when my Mother asked change for a dollar. I wonder if a Government Lawyer figured this out for them?