QUESTION:
What Is MBA BankPAC?
ANSWER:
Maine Bankers Association BankPAC is an independent non-partisan organization operating in compliance with applicable State and Federal laws and regulations. It is a voluntary, non-profit committee of officers, directors and employees of financial institutions interested in the future welfare of the banking industry business and concerned with State and Federal legislation affecting the industry.
QUESTION:
Why is BankPAC important to me?
ANSWER:
Since you are affiliated with a business whose welfare depends largely on governmental decisions, it becomes important that the business in general supports candidates who share our ideals of a strong and effective government which responds to the needs of the business community. Thus, your support of BankPAC is returned to you by means of positive decisions by governmental officials which greatly affect our day-to-day livelihood as a business.
QUESTION:
Why was BankPAC formed:
ANSWER:
It was established to serve as a political education and action arm of the banking business in Maine to promote and directly support, both financially and otherwise, legislators and elected governmental officials who are likewise concerned with legislation and/or regulations affecting the future welfare of the banking business.
QUESTION:
Is BankPAC affiliated with any political party?
ANSWER:
BankPAC is totally non-partisan. It is not affiliated with any political party. The programs and platforms of the individual candidate determine who BankPAC supports.
QUESTION:
How is BankPAC supported?
ANSWER:
By contributions from individuals in the banking business concerned with State and Federal legislation affecting our business.
QUESTION:
Will BankPAC participate in national and/or state elections?
ANSWER:
BankPAC will provide support to individual candidates for the Maine House of Representatives and the Maine Senate and other state offices. It will also provide funds to the Maine Congressional candidates.
BankPAC is affiliated with the National BankPAC Committee of the American Bankers Association.
QUESTION:
How will worthy candidates be selected?
ANSWER:
Shortly before each election, the MBA BankPAC Committee will meet and determine those candidates who will receive contributions based on their interest in the problems of the banking business. The Committee receives suggestions from those persons within the business prior to making these decisions and no party affiliation is considered. A complete statement of contributions to candidates is available upon request to any person who has contributed to BankPAC.
QUESTION:
Why a Political Action Committee (PAC)?
ANSWER:
A PAC is the only proven, legal method for a group of individuals, representing a particular business, to successfully raise funds for the purpose of making significant campaign contributions to persons running for office who are known to be interested in the problems of that business. The key words here are “proven”…PACs do work as those in other states and the one administered nationally on behalf of our business have excellent records of success; “legal” …a PAC, if set up properly such as this one is in compliance with both federal and state statutes.
QUESTION:
Can there be PAC to PAC contributions?
ANSWER:
The MBA State BankPAC may accept a contribution from another PAC. | 