Goldman Sachs just set forward new rules that bans the company’s top employees from contributing to the Trump-Pence campaign, according to an article by Lucinda Shen for Fortune.
The rules began on September 1, and apply to the firm’s partners, the article states. More specifically, the rule does not allow the partners to donate to politicians running for state or local offices, or donate to state officials who are seeking federal office.
From the article:
The firm says the rules were meant to remove any implication of so-called “pay to play.” Four years ago, the bank paid $12 million to settle charges that a former Boston-based banker had picked up bond underwriting business in the state while working for and contributing funds to the campaign of a then Massachusetts state treasurer and governor-hopeful, Tim Cahill.
That would therefore prohibit contributions to the Trump-Pence since Republican Vice Presidential Candidate Mike Pence is the current governor of Indiana.
Coincidently, the rules don’t restrict donations to the Clinton-Kaine campaign. Democratic vice presidential nominee Tim Kaine is a U.S. Senator for Virginia, and not considered a local official under Goldman’s rules, according to the article.
Goldman Sachs CEO Lloyd Blankfein donated to Democratic Presidential Nominee Hillary Clinton when she ran in the 2008 election.
