ALEC Is Not Where Visa Wants to Be
Posted by Brendan Fischer on December 04, 2013

Financial services company Visa has dropped its membership in the American Legislative Exchange Council (ALEC), providing further evidence of ALEC’s dwindling membership in the wake of a major expose by The Guardian. Visa (whose slogan is “everywhere you want to be”) made the announcement to Boston Common Asset Management, which had been engaging with Visa over the past year on lobbying disclosure.

VISA logoCMD counted 50 corporations that had publicly dropped their ALEC membership, but according to internal ALEC documents published by The Guardian, ALEC estimates they’ve lost around 60 corporate members in the past two years, in the fallout over ALEC’s role in promoting Stand Your Ground legislation, voter ID, and an array of other controversial bills. As a result of that shrinking roster of corporate members, “in the first six months of this year [ALEC] suffered a hole in its budget of more than a third of its projected income,”The Guardian reports.

Visa’s departure won’t help close up those budgetary gaps. In addition to supporting ALEC through its membership dues and participation in the Commerce, Insurance, and Economic Development Task Force, Visa was a “Chairman” level sponsor of 2011 ALEC Annual Conference, which cost $50,000 the previous year. It also sponsored a Plenary Session at the 2011 meeting featuring FreedomWorks founder Dick Armey.

Read more.



Post comment

Forbidden Bookshelf

Forbidden Bookshelf




“While We Were Sleeping”

While We Were Sleeping is an urgent call to save Greenwich Village from New York University's uncontrolled expansion.

Click here to donate to NYUFASP and receive a copy of "While We Were Sleeping: NYU and the Destruction of New York" (minimum donation to receive a book is $10 plus $8 shipping).

Orwell Rolls In His Grave, featuring MCM – Buy the DVD



About News From Underground

News From Underground is a daily e-news service run by Mark Crispin Miller, a Professor of Culture and Communication at NYU. It is based on his belief that academics, like reporters, have a civic obligation to help keep the people well-informed, so that American democracy might finally work.

If you'd like to receive updates delivered to your inbox daily, sign up for News From Underground Alerts:

Help News From Underground!





Message from Mark: "I am a one-man operation, although assisted greatly by some volunteers, and, now and then, by people paid by others for one-time projects. There is no shortage of skilled, dedicated folks out there who want to help me. There is, however, nothing I can pay them with, unless you decide you can contribute something."

Please donate via the PayPal button above or via PayPal by email to: markcrispinmiller@gmail.com

Recent Posts

Recent Comments

Popular Posts

Blogroll

Need a bigger font size?




Sponsored Links



  • Your link could be here too, contact us for pricing details.