Top Companies Aid Chamber of Commerce in Policy Fights

This article is by Eric Lipton, Mike McIntire and Don Van Natta Jr.
NYT

Prudential Financial sent in a $2 million donation last year as the U.S. Chamber of Commerce launched a national advertising campaign to weaken the historic rewrite of the nation’s financial regulations.

Dow Chemical delivered $1.7 million to the chamber last year as the group took a leading role in aggressively fighting proposed new rules that would impose tighter security requirements on chemical facilities.

And Goldman Sachs, Chevron Texaco, and Aegon, a multinational insurance company based in the Netherlands, donated more than $8 million in recent years to a chamber foundation that has helped wage a national campaign to limit the ability of trial lawyers to sue businesses.

These large donations — none of which were publicly disclosed by the chamber, a tax-exempt group which keeps its donors secret — offer a glimpse of the chamber’s money-raising efforts, which it has ramped up recently in an orchestrated campaign to become one of the most well-financed critics of the Obama administration and an influential player in this fall’s Congressional elections.

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