NRA sued for allegedly violating campaign finance laws
Reuters
Published Nov 03, 2021 01:56AM ET
By Kanishka Singh
(Reuters) - Gun control advocacy group Giffords sued the National Rifle Association on Tuesday for allegedly violating campaign finance laws since 2014.
The powerful gun lobby made as much as $35 million in "unlawful" and "unreported in-kind campaign contributions" to seven federal candidates, including candidates for U.S. Senate in 2014, 2016, and 2018, and Donald Trump's 2016 presidential campaign, according to the allegations.
The lawsuit seeks several forms of relief, including an order preventing the NRA from violating the Federal Election Campaign Act in future, and a penalty equal to the amount of money allegedly spent unlawfully, which the NRA would pay to the U.S. treasury - potentially as much as $35 million.
The lawsuit was filed by campaign finance watchdog Campaign Legal Center on behalf of Giffords in the United States District Court for the District of Columbia.
The NRA said the lawsuit was "as misguided as it is transparent".
"Another premeditated abuse of the public by our adversaries — who will stop at nothing in their pursuit of their anti-freedom agenda," the NRA said in a statement.
"Suffice to say, the NRA has full confidence in its political activities and remains eager to set the record straight".
New York's attorney general said in August that the NRA had failed to root out rampant internal corruption.
The association had sought to use Chapter 11 bankruptcy protection to reincorporate in Republican-dominated Texas and escape what it called a corrupt political and regulatory environment in New York, where it was founded in 1871.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.