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“We want you to be assured that we will not support candidates who do not respect the rule of law,” said Citi’s head of global government affairs, Candi Wolff, in a memo to employees.<\/p>\n
Morgan Stanley is also pausing contributions to\u00a0any member of Congress who didn’t vote to certify Biden’s win<\/strong>.<\/p>\n The action from the banks\u00a0followed an earlier announcement from\u00a0Marriott International Inc.<\/a>, which said it will suspend donations to Republican senators who voted against certifying President-elect Joe Biden<\/strong>, after considering the \u201cdestructive events\u201d on Wednesday.<\/em><\/p>\n The hotel giant was among the first corporate donors to announce the severing of financial ties with the lawmakers following the Capitol Hill riot by supporters of President Donald Trump<\/strong>. While much of corporate America\u00a0swiftly condemned<\/a>\u00a0the violence, few companies have publicly vowed to cut off financial support to the elected officials that backed Trump\u2019s baseless claims of election fraud. –Bloomberg<\/a><\/em><\/p><\/blockquote>\n “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,” said a Marriott spokesperson. Of note,\u00a0Marriott is close to Utah Senator Mitt Romney<\/strong>\u00a0– a former board member and frequent critic of President Trump.<\/p>\n According to JPMorgan head of corporate responsibility, Peter Scher, the focus should be on delivering help to those needed, saying in a statement “There will be plenty of time for campaigning later.”<\/p>\n Joining the ‘contributions cancel campaign’ is Blue Cross Blue Shield Association, who told\u00a0Popular Information<\/em>\u00a0that they are\u00a0suspending all donations to lawmakers who challenged the results of the Electoral College<\/strong>.<\/p>\n Other organizations who stopped short of suspending donations, but will assess future contributions, include AT&T, Ford Motor Co., CVS Health Corp, Wells Fargo and Exxon Mobil Corp.<\/p>\n As a reminder, none of the above entities took issue with Democrats when they challenged the Electoral College vote count in\u00a0three elections over 20 years<\/a>.<\/p>\n