WASHINGTON - (12/21/05) -- With contributions to groups likePHIL PAC, Mill to the Hill PAC and Citizens for Action, CUNAcontinued its unprecedented efforts last month to cultivatecongressional leaders through their so-called leadership PACs. Bycollecting campaign funding through leadership PACs, congressionalleaders like Phil English, R-Pa., Juanita Millender-McDonald,D-Calif., and Paul Kanjorski, D-Pa., will be able to turn aroundand use their credit union-donated funds to help support alliedcandidates. CUNA contributions last month included donations to:Citizens for Action, Kanjorski's new leadership PAC ($5,000); PhilPAC, English's PAC ($2,500); Mill to the Hill PAC, forMillender-McDonald ($1,000); Searchlight Leadership Fund, forSenate Minority Leader Harry Reid of Nevada ($1,000); ERIC PAC, forEric Cantor, R-Va. ($2,500); and AMERIPAC, for House Minority WhipSteny Hoyer of Maryland ($1,000). CUNA also contributed $2,000 toRepublican Re. Jeb Hensarling of Texas, who has asked the GAO tostudy NCUA's approvals of credit union conversions to banks; $1,000to credit union champion Steve LaTourette, R-Ohio; $2,500 to creditunion ally Marcy Kaptur, D-Ohio; and $1,000 to Rep. Rahm Emanuel ofIllinois, chairman of the Democratic Congressional CampaignCommittee.
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The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it's unusual, as the most well-known stablecoins are on public ledgers, tech firms are warming to the idea.
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