The group and the company were ordered to pay $940,000 — one of the FEC’s largest-ever fines.
By Michelle Ye Hee Lee Michelle Ye Hee Lee National political enterprise and accountability reporter covering money and influence in politics Email Bio Follow March 11 at 7:45 PM The Federal Election Commission found that the super PAC that supported Jeb Bush’s 2016 presidential campaign violated a federal ban on the involvement of foreign nationals in donations to political committees when it accepted $1.3 million from a company owned by two Chinese nationals.
In 2015, the super PAC, Right to Rise, accepted $1.3 million from the U.S. arm of an international private investment firm, American Pacific International Capital . Tang and Chen own a majority interest in the corporation that owns the investment firm, according to the legally binding conciliation agreement made public Monday.
In the agreement, APIC contended that it acted in good faith, believing that the donation was permissible because the person who made the decision to give it was its U.S.-citizen executive director. Right to Rise also said it acted in good faith and thought the contribution was legal. The two men “discussed the possibility of APIC making a contribution” to Right to Rise, the agreement says.
She replied, the agreement shows, addressing the executive director: “Gordon wants you to follow up on this matter. Pls check with [APIC’s in-house counsel] and contact him by phone.”
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