Press Releases

These Big Banks Need to Pick a Side: Democracy or Rick Scott’s NRSC?

Feb 09, 2021

Some of the biggest banks in the industry have still not answered whether they will keep underwriting members of Congress who tried to overthrow the election, including through one of their biggest investments of all, the National Republican Senatorial Committee (NRSC), which is led by top Republican conspiracy theorists and one of the lead Senate seditionists, Rick Scott.

“Rick Scott was one of the leading seditionists who spread misinformation that led to a deadly and violent insurrection at the U.S. Capitol,” said End Citizens United President Tiffany Muller. “Big Banks can rid the stain of that day by withholding financial support to the NRSC while Rick Scott is Chairman. He won’t be held accountable unless these corporations make it loud and clear that they’re siding with democracy over seditionists.”

Below is a list of some of the top corporations in the banking industry that have either said they will pause funding or said nothing about the future of their political giving to the 147 members of Congress who voted to overturn the election results and have yet to make comment about funding the NRSC: 

Banking 

Total to NRSC 2020 Cycle

CITIGROUP INC. PAC – FEDERAL

$30,000

JPMORGAN CHASE & CO PAC

$30,000

OLD NATIONAL BANK PAC

$30,000

SUNTRUST BANK GOOD GOVERNMENT GROUP PAC

$15,000

TRUIST FINANCIAL CORPORATION FEDERAL PAC

$15,000

US BANCORP PARTICIPATION PROGRAM PAC

$30,000

WELLS FARGO & COMPANY EMPLOYEE PAC

$30,000

End Citizens United has previously called on corporate financiers to cut off funding to the National Republican Senatorial Committee (NRSC), the National Republican Congressional Committee (NRCC), the Congressional Leadership Fund (CLF), and the American Action Network (AAN). These are organizations that House Minority Leader Kevin McCarthy or Senator Rick Scott direct and oversee. The group has also called on corporations to request refunds from the Republicans Attorney Generals Association (RAGA) for it’s participation in recruiting for and organizing the insurrection through its dark money arm, the Rule of Law Defense Fund (RLDF). RAGA is the association that helps elect Republican Attorneys General (AG) and also helped organize a group of Republican AGs who filed failed lawsuits seeking to overturn the election.

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