The Structured Finance Association has joined with other
The SFA on Wednesday released a statement from chief executive Michael Bright, saying the organization could not “responsibly consider” contributing to future campaigns to U.S. House or Senate members. “who used their vote to attempt to overturn a free, fair, and thoroughly adjudicated presidential election.”
The group’s Structured Finance Coalition Political Action Committee (SF PAC) “does not contribute financial resources to elected officials who do not share our values, regardless of an elected official’s influence within a political party.”
The move turns off the spigot from a PAC that donated $92,648 in bipartisan contribution in the 2019-2020 federal election cycle,
“We know our member companies take seriously the long-term implications of last week’s events and thank those who have used their political action committees (PACs) and voices to take a stand,” Bright said in a statement.
The SFA was not listed among the top 20 PAC donors to the targeted GOP Congress members, according to data from OpenSecrets.org.
Earlier this week, groups including the Mortgage Bankers Association announced a similar policy, following riots on Capitol Hill that were incented by comments of certain GOP lawmakers and President Trump raising doubts on the election's legitimacy.
