Commerce Bank will suspend all donations through its political action committee to candidates who opposed recognizing the Electoral College votes in the presidential election, the Kansas City-based company announced Monday.
The company said in a statement that it “condemns violence in any form and believes the actions witnessed this week are abhorrent, anti-democratic and entirely contrary to supporting goodwill for Americans and businesses.”
Popular Information first reported the move.
In the 2019-2020 cycle, the PAC donated to at least seven candidates who went on to oppose the election results in certain states, according to a Kansas City Business Journal analysis of data from OpenSecrets.org.
They include Sens. Josh HawleyJoshua (Josh) David HawleyThe end of the GOP? Senate braces for chaotic session as Democrats pursue coronavirus bill The Hill’s Morning Report – Presented by Facebook – Democrats chart path to pass Biden’s COVID-19 relief plan MORE (R-Mo.) and Roger MarshallRoger W. MarshallSenators vet Boston Mayor Walsh for Labor Secretary The Hill’s Morning Report – Presented by Facebook – Democrats chart path to pass Biden’s COVID-19 relief plan Overnight Energy: Automakers withdraw from litigation over California vehicle emissions standard |Senate confirms Buttigieg as Transportation secretary | Republicans introduce long shot bill to circumvent Biden on Keystone XL MORE (R-Kan.), as well as Reps. Ron EstesRonald (Ron) Gene EstesCommerce Bank joins companies halting support for officials who opposed Biden transition READ: The Republicans who voted to challenge election results Raising the required minimum distribution age for America’s seniors MORE (R-Kan.), Jake LaTurner (R-Kan.), Tracey Mann (R-Kan.), Blaine LuetkemeyerWilliam (Blaine) Blaine LuetkemeyerLawmakers say bipartisan legislation key to economic recovery The Hill’s Morning Report – Biden seeks vaccine for all by summer; Trump censure? On The Money: GOP digs in on defending Trump tax cuts | Democrats bullish on raising minimum wage | Financial sector braces for Biden’s consumer bureau pick MORE (R-Mo.) and Sam GravesSamuel (Sam) Bruce GravesLawmakers offer competing priorities for infrastructure plans Commerce Bank joins companies halting support for officials who opposed Biden transition READ: The Republicans who voted to challenge election results MORE (R-Mo.). While the company has donated to both Democrats and Republicans, it favors GOP candidates by a margin of 6 to 1, according to Popular Information.
Marriott and Dow Chemical have made similar announcements regarding their donations.
“We have taken the destructive events at the Capitol to undermine a legitimate and fair election into consideration and will be pausing political giving from our Political Action Committee to those who voted against certification of the election,” the hotel chain said in a statement.
Blue Cross Blue Shield Association (BCBSA) made a similar announcement last week, two days after a mob stormed the U.S. Capitol.
“In light of this week’s violent, shocking assault on the United States Capitol, and the votes of some members of Congress to subvert the results of November’s election by challenging Electoral College results, BCSBA will suspend contributions to those lawmakers who voted to undermine our democracy,” BCBSA President and CEO Kim Keck said in a Friday statement.
Updated: 1:18 p.m.