| CBAI FedPAC In 1994, a federal political action committee, CBAI FedPac, was created to enhance the impact of Illinois community banks and help exert a strong, proactive influence on Washington’s legislative process. No other profession faces more regulation and fierce competition than banking does, and CBAI FedPac is an important tool for our members to help support candidates who believe in our mission to compete and serve our communities and costumers. Officers, directors, executive staff members, or stockholders can contribute to CBAI FedPac. In fact, personal contributions are the only contributions permitted for federal elections. A solicitation authorization form is required by the Federal Election Commission in order for CBAI FedPac to formally ask you for contributions. Please help community banking continue to strengthen its presence in Congress by signing the authorization form. If you have any questions, please contact CBAI’s Governmental Relations Department at 800/736-2224. CBAI FedPac Solicitation Authorization Information AUTHORIZATION FORMS The Federal Election Commission (FEC) requires that a trade associations federal political action committee (PAC) must obtain prior written approval from its members to officially solicit for monetary contributions. CBAI FedPac will only solicit those who have signed a solicitation authorization form. According to the FEC regulations, the form should be signed by a representative with whom CBAI normally conducts activities. In most cases this is the President, CEO or Chairman. To complete to FedPac Solicitation Authorization form, click here. NO OBLIGATION You are under no obligation to contribute to CBAI FedPac once you have signed a solicitation authorization form. All contributions to CBAI FedPac are voluntary and you may refuse to contribute without reprisal. The form simply allows CBAI FedPac to ask you for a contribution. OTHER TRADE ASSOCIATIONS Normally you are permitted to sign only one authorization per calendar year. However, CBAI FedPac and ICBA's IBPAC are declared affiliated by the FEC for the purpose of fundraising. Therefore, as a CBAI member you are permitted to sign authorization forms for both CBAI FedPac and IBPAC. Contributions can also be made to both CBAI FedPac and IBPAC. Your contributions will go to a common cause - the enhancement of community banking. WHO CAN CONTRIBUTE Officers, directors, stockholders and their families can contribute. In fact, personal contributions are the only contributions permitted for federal elections. CONTRIBUTION LIMITS An individual may contribute up to $5,000 to any one federal trade PAC per calendar year. CBAI FedPac and ICBA's IBPAC are considered together for purposes of the annual limit. CONTRIBUTIONS TO CANDIDATES You may personally contribute directly to candidates, regardless of your contribution to CBAI FedPac.
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