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The monetary services market is topic to regulation at all levels
of government. Modifications in federal, state and neighborhood laws can have a
significant impact on our companies. As such, Comerica Incorporated
(Comerica) is committed to diligently monitoring and participating in
the political approach.
Comerica Government Relations Group
The Government Relations Group is portion of Comericas Corporate
Compliance and Public Affairs Department. The group works closely with
the 3 significant small business segments - Enterprise Banking, Retail Banking
and Wealth & Institutional Management - to manage the companys
legislative and political activities, including the Comerica Political
Action Committee.
Comerica Political Action Committee
One way Comerica participates in the political method is through
contributions from its political action committee (PAC). The PAC
annually solicits contributions from eligible employees and makes
bipartisan contributions - all in compliance with local, state and
federal election laws - to political candidates and committees who
understand and support Comericas pro-banking, pro-business philosophy.
All political contributions and guidelines are developed and approved
by a separate PAC Board comprised of senior executives from across the
companys important business segments.
While Comerica colleagues are encouraged to participate within the
political approach on their own time, they are not pressured to make
individual contributions. Individual political contributions made by
Comerica colleagues will not be reimbursed directly or indirectly by
the company.
Comerica does not use corporate funds to make direct political
contributions to candidates for public office or groups organized to
influence political campaigns under Section 527 of the Internal Revenue
Code. From time to time, however, Comerica will contribute corporate
funds to support state and neighborhood ballot initiatives if the company
believes that passage of such initiatives will enhance the quality of
life within the communities where our customers and employees live, work
and raise their families.
For a complete list of Comerica PAC contributions between 11/1/09 and
10/31/10, please see the link below. This list is updated annually in
November.
Comerica Trade Association Memberships
Comerica belongs to several monetary services-related trade
associations across the country. Membership benefits include numerous
home business opportunities for the company and effective grassroots
advocacy on behalf of the industry. A portion of the trade association
dues that Comerica pays are used for lobbying and/or political
activities and are non-deductible under Section 162(e)(1) of the
Internal Revenue Code.
For a list of trade associations to which Comerica belongs, as of
6/24/10, please see the link below. This list is updated annually in
November.
For More Information and facts
If you have any questions about the Government Relations Group and
Comericas legislative and political activities, please contact Dan
Donohoe, Director of Government Relations, at ddonohoe@comerica.com.
