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2017-Year-End-Political-Report.Pdf 1 Verizon Political Activity January – December 2017 A Message from Craig Silliman Verizon is affected by a wide variety of government policies -- from telecommunications regulation to taxation to health care and more -- that have an enormous impact on the business climate in which we operate. We owe it to our shareowners, employees and customers to advocate public policies that will enable us to compete fairly and freely in the marketplace. Political contributions are one way we support the democratic electoral process and participate in the policy dialogue. Our employees have established political action committees at the federal level and in 18 states. These political action committees (PACs) allow employees to pool their resources to support candidates for office who generally support the public policies our employees advocate. This report lists all PAC contributions, corporate political contributions, support for ballot initiatives and independent expenditures made by Verizon and its affiliates during 2017. The contribution process is overseen by the Corporate Governance and Policy Committee of our Board of Directors, which receives a comprehensive report and briefing on these activities at least annually. We intend to update this voluntary disclosure twice a year and publish it on our corporate website. We believe this transparency with respect to our political spending is in keeping with our commitment to good corporate governance and a further sign of our responsiveness to the interests of our shareowners. Craig L. Silliman Executive Vice President, Public Policy and General Counsel 2 Verizon Political Activity January – December 2017 Political Contributions Policy: Our Voice in the Democratic Process What are the Verizon Political Action Committees? including the setting of monetary contribution limitations and The Verizon Political Action Committees (PACs) exist to help the establishment of periodic reporting requirements. Verizon the people of Verizon participate in America’s electoral strictly follows all state and federal reporting and other political process and support the public policies important to our future action committee requirements and restrictions. as a company. Through the PACs, employees voluntarily join together to contribute to political campaigns and effectively Does Verizon also make corporate political contributions? participate in the electoral process. Yes, corporate political contributions are made to organizations and to candidates for state offices where What is the mission of the Verizon Political Action permitted by law. Each year, an overall contribution budget is Committees? established. In order to ensure consistency with company The Verizon Political Action Committees’ mission is to advance policy, all requests for corporate contributions must be and protect the future of Verizon and its employees. The submitted for formal approval by the regional vice president, Verizon PACs’ interest is not in partisan politics. Instead, Verizon Legal, and the Senior VP for State Government through the PACs, we are able to stand together to help Relations or Senior VP for Public Policy. Advance approval government officials and elected leaders understand our must be obtained for cash contributions to individuals or business, our issues and our concerns. organizations able to receive corporate contributions, use of corporate facilities, discounts, or other items having monetary How are Verizon Political Action Committee contributions value. made? In order to confirm consistency with company policy, How are candidates selected? candidates and committees who are recommended to receive Proper recipients of company political contributions and PAC support are approved by the state and federal PAC disbursal contributions include candidates for political office or committees. These committees are comprised of Verizon organizations that support candidates for political office and employees who understand our business and policies and are ballot initiatives. Candidates and other organizations being familiar with the political process and the candidates for state considered for contributions from the PACs and the company and federal office. A listing of the Officers and the Disbursal are evaluated on a number of criteria, including their votes and Committee of the Verizon Federal PAC follows this discussion. positions on issues of importance to Verizon, which may include issues affecting the business community in general or Are the Verizon Political Action Committees required to the communications industry specifically, including issues adhere to any government reporting requirements? such as communications policy, tax policy, and other policies The Verizon PACs are political committees organized under relating to employment and economic growth. All federal and applicable state election laws. As such, the PACs contributions are made to promote the interests of the are subject to numerous requirements established by the company and its employees, and are made without regard to statutes and the government agencies administering the the private political interests of management. federal and individual state election laws. These rules and regulations govern many aspects of the contributions process 3 Verizon Political Activity January – December 2017 Verizon Federal Political Action Committee Officers Disbursal Committee Craig Silliman - Chairman Robert Fisher - Chairman 1095 Avenue of the Americas 1300 I Street, NW New York, NY 10036 Washington, DC 20005 Robert Fisher - Vice Chairman Leecia Eve 1300 I Street, NW 140 West Street Washington, DC 20005 New York, NY 10007 Taylor Craig - Treasurer Kathleen Grillo 1300 I Street, NW 1300 I Street, NW Washington, DC 20005 Washington, DC 20005 Regi Simpson - Assistant Treasurer Lydia Pulley 1300 I Street, NW 703 E Grace Street Washington, DC 20005 Richmond, VA 23219 Joseph Ruggiero 15505 Sand Canyon Avenue Irvine, CA 92618 Craig Silliman 1095 Avenue of the Americas New York, NY 10036 Taylor Craig - Non-Voting 1300 I Street, NW Washington, DC 20005 David Kass - Non-Voting One Verizon Way Basking Ridge, NJ 07920 4 Verizon Political Activity January – December 2017 5 Verizon Political Activity January – December 2017 ARIZONA PAC Contributions to Candidate Committees (Office Sought) Gov. Doug Ducey (Governor - AZ) ................................................................................................................... $ 4,800 Rep. Jeff Weninger (State House - AZ 17) ........................................................................................................ $ 2,700 Rep. Jeff Weninger (State House - AZ 17) ........................................................................................................ $ 2,700 CALIFORNIA PAC Contributions to Candidate Committees (Office Sought) Assm. Autumn R. Burke (State House - CA 62) ................................................................................................ $ 1,000 Sen. Ben Hueso (State Senate - CA 40) .......................................................................................................... $ 2,200 Sen. Connie M. Leyva (State Senate - CA 20) .................................................................................................. $ 1,500 Assm. Eduardo Garcia (State House - CA 56) .................................................................................................. $ 1,700 Assm. Susan Talamantes Eggman (State House - CA 13) ................................................................................. $ 1,000 Assm. Evan Low (State House - CA 28) ........................................................................................................... $ 1,000 Assm. Frank Bigelow (State House - CA 5) ...................................................................................................... $ 1,000 Assm. Jim Wood (State House - CA 2) ............................................................................................................ $ 1,700 Assm. Jordan Cunningham (State House - CA 35) ............................................................................................ $ 1,000 Assm. Brian Maienschein (State House - CA 77) .............................................................................................. $ 1,000 Sen. Mike McGuire (State Senate - CA 2) ........................................................................................................ $ 1,500 Assm. Phillip Chen (State House - CA 55) ........................................................................................................ $ 1,000 Sen. Scott Wiener (State Senate - CA 11) ........................................................................................................ $ 2,500 Assm. Freddie Rodriguez (State House - CA 52) ............................................................................................... $ 1,500 Assm. Timothy S. Grayson (State House - CA 14) ............................................................................................ $ 1,700 Assm. Randy Voepel (State House - CA 71) ..................................................................................................... $ 1,300 Contributions to Party Organizations, PACs and Other Groups Cannella 2014 Senate Officeholder Account (CA) ............................................................................................. $ 1,300 COLORADO PAC Contributions to Candidate Committees (Office Sought) Mayor Michael B. Hancock (Mayor
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