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Government Relations

Like many companies, Wells Fargo is engaged in public policy advocacy on issues that impact our business at the local, state and federal levels. We believe that active engagement in the legislative process is an important part of responsible corporate citizenship. Many laws regulate both our legislative advocacy and our company-sponsored Political Action Committee, and lay out specific reporting requirements. We also make information about our advocacy guidelines and political contributions policies easy for the public to find by placing it on our website.

Public policy advocacy is managed by the Wells Fargo Government Relations team. The head of corporate Government Relations reports to the Senior Executive Vice President and Chief Administrative Officer of Wells Fargo who, in turn, reports to the Chairman, President and Chief Executive Officer. The Corporate Responsibility Committee of the Wells Fargo Board of Directors oversees the Company’s government relations activities and public advocacy policies and programs.

Advocacy and Lobbying Show Details

 
Wells Fargo participates in the public policy arena on a wide range of issues that may impact the company and our business lines. We utilize on-staff government relations professionals, contract lobbyists, and trade associations in Washington D.C. and at state capitols to monitor and provide comment on proposed legislation and regulation that may affect how our customers can be served by our more than 80 lines of business. These issue areas may include mortgage lending and servicing, credit and debit cards, deposit and checking accounts, other consumer and business lending, insurance, securities and investment banking matters.

Corporate Government Relations must approve any use of company funds for lobbying. State and federal laws regulate lobbying activity and reporting requirements. All federal lobbying activities are disclosed under the Lobbying Disclosure Act (LDA), which requires that reports be filed quarterly with the United States Congress. The LDA Reports are available for review on the U.S. Senates’ website.

Campaign Finance and PACs Show Details

 
Wells Fargo’s political action committees (PACs) are funded entirely through voluntary contributions by our exempt team members. All Wells Fargo PACs report to the Federal Elections Committee and/or to state agencies as required by state and federal law. Wells Fargo does not use company money for campaign contributions.

View a list of the most recent campaign disbursements (PDF*) of the Wells Fargo Employee PACs.

View previous campaign cycle disbursements (PDF*) of the Wells Fargo Employee PACs.

Corporate Political SpendingShow Details

 
Wells Fargo does not use company funds for any candidate campaign funds including candidate campaign committees, political parties, caucuses, or independent expenditure committees. The prohibition against using Wells Fargo company funds for electioneering activities includes, but is not limited to, groups organized under IRS Sections 501(c)(4), 501(c)(6), or 527.

Our prohibition against corporate funds being used for political activity extends to those trade groups of which we are a member. We inform these organizations of our policy prohibiting the use of membership dues for contributions to candidate committees, independent expenditure committees or other direct or indirect contributions to election campaigns, and expect them to adhere to it.

Participation in Trade Association and Independent GroupsShow Details

 
Wells Fargo is active in many financial services industry trade associations. These groups provide excellent opportunities for professional development, networking, and providing a forum for discussing important public policy issues; they also often advocate for common business interests. Our participation in these groups comes with an understanding that we may not always agree with every position the trade association takes. Decisions about our involvement with trade groups are made by the line of business managers and local bank leadership in conjunction with Corporate Government Relations and other corporate staff groups.

Wells Fargo may contribute to trade associations and trade groups through dues, fees, event sponsorships, community-related programs, joint marketing programs, and other business-related activities. However, we prohibit trade associations and groups of which we are a member from using our corporate funds for campaign and election activities. We inform these organizations of our policy prohibiting the use of membership dues and fees for contributions to candidate committees, independent expenditure committees, or other direct or indirect contributions to election campaigns, and expect them to adhere to it.

View a list of state and national trade groups (PDF*) that received more than $25,000 in dues from Wells Fargo in 2012. Because the budget cycles of trade groups are not consistent, and because Wells Fargo’s involvement takes many forms, the figures on the attached spreadsheet should not be taken as definitive. The attached figures will be updated periodically.

If you have questions about Wells Fargo’s involvement with any group, please contact us using the e-mail address below.

Ballot MeasuresShow Details

 
Wells Fargo participates in state and local ballot measures, such as initiative and referenda, constitutional amendments, and bond measures that impact our various lines of business. We regularly post financial contributions over $25,000.

Compliance PolicyShow Details

 
Wells Fargo’s Government Relations Compliance Policy sets forth requirements for compliance and reputation risk management for activities that stem from political contributions and contact with covered federal officials.

Team Member Activity Show Details

 
Wells Fargo’s Code of Ethics encourages team members to engage in civic and political activities on their own time based on their individual desires and political preferences, but not representing Wells Fargo. Team members may not engage in any political activity in the office or using Wells Fargo property, and they cannot be reimbursed for any campaign contributions made from personal funds. Team members are free to make personal contributions on their own behalf to candidates and related political entities of their choice as long as they comply with the Code of Ethics and any policies of their business line.

For more information, contact Wells Fargo’s Corporate Government Relations at governmentrelations.communications@wellsfargo.com.
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Financial Contributions over $25,000

 
$100,000 to Coloradoans for Responsible Reform
 
 
 
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