28 Public policy and political contributions The Wells Fargo Government Relations and Public Policy team works closely with our lines of business to help make certain that our legislative and political activities adhere to good corporate governance practices and adhere to Wells Fargo policies and procedures . The Board’s Corporate Responsibility Committee oversees our government relations activities, as well as our public advocacy policies and programs . At least annually, the committee also receives reports from management on political and lobbying activities in the U .S ., including payments made by Wells Fargo to trade associations . Information on the Wells Fargo political action committee (PAC) and corporate political spending can be found on our Government Relations and Public Policy page . Advocacy and lobbying Wells Fargo participates in the U .S . public policy arena on a wide range of issues that may impact the company, such as policy issues addressing banking, finance, housing, small business, tax, and bankruptcy . We monitor and comment on proposed legislation and regulations that may affect the way we serve our customers . The Government Relations and Public Policy team must approve any use of company funds for lobbying . Further, we disclose federal lobbying activities under the Lobbying Disclosure Act (LDA), which requires quarterly reports to be filed with the United States Congress . These reports are publicly available on the U .S . House website .* U.S. campaign finance and PACs Wells Fargo’s PACs are funded through voluntary contributions from eligible exempt employees . Decisions about which candidates the PACs support are made by the Government Relations and Public Policy team . Wells Fargo’s PACs report to the Federal Elections Committee and/or to state agencies as required by law . Contributions are made without regard to the personal political preferences of the company’s senior management . In early 2021, Wells Fargo decided to pause PAC disbursements in order to conduct a comprehensive review of our PAC giving criteria and strategy to ensure it aligns with our business goals and expectations . Our comprehensive review included talking with Wells Fargo employees through focus groups, an in-depth survey of PAC members, individual conversations, and benchmarking against our peers and other Fortune 50 companies . The results of this review informed our future PAC giving strategy, and we’ll continue to operate our PACs with transparency . Policy on political contributions Pursuant to company policies, Wells Fargo does not use company money or resources to influence any U .S . domestic or foreign candidate elections . In accordance with these policies, we don’t assist candidate campaign committees, political parties, or caucuses, and don’t make independent expenditures on other political committees, or partake in any other type of election-related activity . Performance trends can be found in the Wells Fargo ESG Goals and Performance Data (PDF) . *We do not control this website . Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website .