Can NASBIC use its own money to contribute to individual candidates?
No. Candidates can pay campaign expenses only with individual assets or with contributions from individuals, qualified partnerships or LLCs, or qualified PACs. Money from these sources is “hard money.” So-called “soft money” that is contributed to political organizations or committees from “non-qualified” organizations like NASBIC or businesses corporations is used primarily for issue advocacy. Issue advocacy cannot promote individual candidates directly.
