The Federal Elections Commission has published a final rule that should help life insurance trade groups increase contributions to their political action committees.[@@]
The FEC rule, which appears today in the Federal Register, will let “solicitable class employees” == corporate executives, corporate administrative personnel and employee-stockholders who belong to trade associations == contribute to the trade association PACs through payroll deductions or check-off systems.
The FEC says it received a request for the rule change in 2003 and has since received 34 comments on the proposal. None of the comments opposed the proposal, FEC officials write in the preamble to the final rule.