NY Attorney General Probing U.S. Chamber of Commerce For Allegedly Laundering AIG Money For Lobbying, Political Commercials
New York state will investigate the U.S. Chamber of Commerce for unfair corporate influence in elections.
Posted at 6:12 pm by Mehrad Yazdi
Yesterday, New York Attorney General Eric T. Schneiderman issued a subpoena targeting a foundation affiliated with the U.S. Chamber of Commerce for illegally funneling $18 million to the Chamber for its political campaigning and lobbying efforts.
The New York Times reports:
The investigation is also looking at connections between the chamber’s foundation, the National Chamber Foundation, and another philanthropy, the Starr Foundation, which made large grants to the chamber foundation in 2003 and 2004. During the same period, the National Chamber Foundation lent the chamber $18 million, most of it for what was described as a capital campaign.
Watchdog groups claim that the grants given to the National Chamber Foundation from the Starr Foundation had subsequently been loaned to the Chamber of Commerce to be used to finance lobbying in Congress and run issue advertising in the 2004 presidential and Congressional elections.