Fund Managers Donated $1 Million to GOP Election Deniers
- Nonprofit calls for ending donations to group of 147 lawmakers
- Firms face scrutiny over political giving after Capitol riot
BlackRock and JPMorgan halted all contributions through their PACs, without focusing on the lawmakers who perpetuated the false claims of election fraud.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Six of the biggest money managers gave a combined $1.03 million to Republican lawmakers who objected to certifying results of the 2020 presidential election, a new study shows.
Political action committees of BlackRock Inc., Vanguard Group, JPMorgan Chase & Co., Fidelity Investments, State Street Corp. and Bank of New York Mellon Corp. contributed to one or more of those legislators in election cycles since 2016, according to an analysis by Majority Action.