Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
October 23, 2014

BP Corporation PAC Turns Off Flow of Contributions to Candidates

BP Corporation PAC completely turned off its flow of contributions to federal candidates and committees during March, even though it had $325,513 in cash on hand on March 31. The flow was down to a drip in January when the PAC gave out $4,000, and in February it gave out only $1,000. However, receipts of executive and employee contributions into the PAC have been fairly consistent at a little less than $20,000 a month.

The PAC reached its peak in giving during 1985-1986 when it gave out $351,476 to candidates and committees. During the 2011-2012 cycle it gave out $212,000, with 73 percent going to Republicans. See 2011-2012 PAC financial profile. In the 2009-2010 cycle, BP had its oil spill in the Gulf of Mexico and the PAC gave out only $79,000 to federal candidates and committees.

The General Motors Company PAC reported it gave out $64,250 to federal candidates and committees in March. They have given out $151,750 so far this year. In 2011-2012, the PAC gave out $524,800 to federal candidates and committees, with Republican being given 63 percent. In 2009-2010, GM received the government bailout and the PAC gave out only $346,000 to federal candidates and committees.

In other PAC filings reporting on March activity:

The International Brotherhood of Electrical Workers PAC gave out $287,100 to federal candidates and committees. New York Life Insurance Company PAC gave out $285,000. Employees of Northrop Grumman Corporation PAC gave out $240,750. Wal-Mart Stores Inc. PAC for Responsible Government gave out $192,500. Koch Industries Inc. PAC gave out $191,500. The Wine and Spirits Wholesalers of America Inc. PAC gave out $184,000. BNSF Railway Company RAILPAC gave out $181,500. The United Food and Commercial Workers International Union Active Ballot Club gave out $175.000.

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