AMERICAN INTERNATIONAL GROUP, INC. EMPLOYEE POLITICAL ACTION COMMITTEE and AMERICAN INTERNATIONAL GROUP, INC. EMPLOYEE STATE POLITICAL ACTION COMMITTEE (AIG PAC)
The AIG PAC was established to promote and facilitate the accumulation of voluntary employee contributions for the support of political parties and candidates for nomination or election to federal office in the United States, and for support of political parties and candidates at the nonfederal level in accordance with state and local law. All political contributions made by the AIG PAC are publicly disclosed and can be found at the Federal Election Commission at www.fec.gov.
AIG PAC Governance
The contribution strategy of the AIG PAC is overseen by the PAC Board of Directors, operating under its bylaws. The AIG PAC Chairman, PAC Board of Directors and PAC Treasurer communicate regularly to review and plan AIG PAC activities and contributions. The PAC Board reviews planned activities to ensure they are aligned with AIG’s business interests and are bipartisan in nature.
The following are (i) the members of the AIG Employee Political Action Committee Board of Directors and the Bylaws of the AIG Employee Political Action Committee and (ii) the members of the AIG Employee State Political Action Committee Board of Directors and the Bylaws of the AIG Employee State Political Action Committee:
Federal Lobbying Disclosure Act (LDA) Compliance
The Lobbying Disclosure Act of 1995 (“LDA”), as amended by the Honest Leadership and Open Government Act of 2007, governs lobbying of both the Congress and the Executive Branch. In compliance with the LDA, AIG files quarterly lobbying reports (LD 2s) which publicly disclose all federal lobbying activities. In accordance with the LDA guidelines administered by the Clerk of the House and the Secretary of the Senate, AIG reports all expenses related to lobbying, including: 1) overhead cost; 2) Travel; 3) a portion of employee salaries that were spent on lobbying activities or preparing for lobbying contacts; 4) fees paid to outside lobbying consultants; and 5) portions of trade association dues that are deemed nondeductible and are related to lobbying activities. In addition, all issues that the company is currently lobbying and the entities lobbied are disclosed. Past LD2 reports can be found at http://disclosures.house.gov/ld/ldsearch.aspx. Reports for the last year are below.
|3rd Quarter 2016|
|2nd Quarter 2016|
|1st Quarter 2016|
|4th Quarter 2015|
1American International Group, Inc. (AIG) suspended all corporate political contributions
in October 2008. Therefore, AIG has not made any corporate contributions since
that time to political candidates, parties, or committees; to Super PACs; for
Independent political expenditures in support of or opposition to a campaign;
for support of or opposition to Ballot Measures; or to 527 groups (with the
exception of contributions of $25,000 each to the Democratic Governors Association
and Republican Governors Association - both of which were instructed not to use
AIG funds for political purposes).