JPMorgan Chase & Co. wants to exclude shareholder resolutions from two conservative watchdog groups that relate to the bank’s closing of the account of a religious-freedom nonprofit founded by former Kansas Gov. Sam Brownback.
Brownback, a former U.S. ambassador-at-large for international religious freedom during the Trump administration, is also a Republican former member of the House and Senate from Kansas. He founded the National Committee for Religious Freedom.
In May 2022, three weeks after opening the account, JPMorgan Chase closed it. Brownback, along with other conservative organizations, raised the question of whether the move was done for religious or political reasons. JPMorgan has said it had nothing to do with political or religious views and said the decision was made because, under federal laws, it needed more information about donors and recipients than the nonprofit provided.
See the full article by Fred Lucas, February 23, 2023