Wall Street Looks to Quietly Reopen Wallets for Politicians
- Pause on political giving was never meant to be permanent
- First quarter after an election is usually a lull for donors
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Wall Street firms are quietly preparing to resume political giving in the next few months, marking an end to a freeze that many corporations vowed to impose after rioters stormed the U.S. Capitol in January to disrupt congressional certification of Donald Trump’s loss to President Joe Biden.
The pause on political action committee contributions, touted by major financial companies like JPMorgan Chase & Co., Goldman Sachs Group Inc. and BlackRock Inc., alarmed lawmakers in both parties at the time, given how much of their campaigns are bankrolled by deep-pocketed corporate donors.