LogFAQs > #898624865

3/27/2018
TALKING POINTS MEMO - NRA Acknowledges Receiving Foreign Funds, Moving Money Between Accounts

The admissions came in a recent letter to Sen. Ron Wyden (D-OR), who has sought answers about the groups foreign funding, following reports that the FBI is probing whether a Russian banker funneled money to the NRA to benefit the Trump campaign.

While we do receive some contributions from foreign individuals and entities, those contributions are made directly to the NRA for lawful purposes, NRA General Counsel John Frazer wrote to Wyden. Our review of our records has found no foreign donations in connection with a United States election, either directly or through a conduit.

The NRA is not required to disclose how funds are transferred between its various entities. As TPM has reported, that makes it difficult to trace if the NRA legally received foreign money into its general accounts, then transferred the same amount into an account that can be used for political spending.

Even if the NRA segregated the foreign money that it received, money is fungible, Brendan Fischer, a campaign finance expert at the Campaign Legal Center, told TPM. Foreign money in one account frees up money that can be used for elections in another account.

This is a very carefully worded letter that appears designed to give the impression that the NRA does not take foreign money for its election work, but reading between the lines, it does not actually say that, Fischer added. The NRA said it did not receive foreign money in connection with the U.S. election. It does not say that foreign money was not used in a U.S. election.

https://talkingpointsmemo.com/muckraker/nra-acknowledges-receiving-foreign-funds-moving-money-between-accounts

Oh hey, Wyden's letter got a result afterall.
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