Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
March 4, 2015

In Rare Action, Corporate PAC Refunds Executives’ Contributions

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Corporate political action committees usually do not want to give back any contributions from executives, but for JPMorgan Chase & Company, it could be part of CEO Jamie Dimon’s plan to reduce JPMorgan’s exposure to the risky business of buying and selling of companies.

In June, Dimon announced JPMorgan would spin-off its private equity investment unit, One Equity Partners, into a separate company. One Equity Partners manages about $4.5 billion of investments for JPMorgan Chase.

On Wednesday, the JPMorgan Chase & Co. PAC reported it had refunded $74,095 from contributions received in 2012 and 2013 from nineteen executives of One Equity Partners. These include $5,850 refunded to Robert Rubin; $8,112 to Richard Cashin; $8,112 to Colin Farmer; $8,112 to James Koven; $8,112 to William Wangerin; and $7,500 to Christian Ahrens; among others.

These refunds may be part of the effort to help draw a clear line between the two organizations.

One Equity Partners does not currently have a federal PAC.

To search detailed money-in-politics databases, visit Political MoneyLine.

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