Schwab to Halt All PAC Contributions Through 2021

Statement copy

Given the extraordinary circumstances related to this election cycle, The Charles Schwab Corporation Political Action Committee (PAC) has halted all contributions to any lawmakers for the remainder of 2021.  This pause will give the firm an opportunity to evaluate the best path forward to fulfill our long-standing commitment to advocate on behalf of individual investors and those who serve them. 

As a firm, all political contributions are solely made through our PAC, which is funded by voluntary contributions from employees and directors of Schwab. The PAC has a unique and long-standing policy of dividing its contributions equally between Republicans and Democrats and does not contribute to Presidential candidates. Our PAC’s specific contributions are a matter of public record and can be found here on the Federal Election Commission’s website.