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8/2/2019 Bundler Disclosure Letter to Presidential Candidates
1/15
CJLQJHFO BHOJOCM HOSWHW]WM
CJLQJHFO NMFJN CMOWMY
CMOWMYB@YYMSQ@OSHRM Q@NHWHCS
C@LL@O CJ]SM
GML@CYJCX 9:
NMJF]M@B V@LMO R@WMYS@BWEM ]OHWMG SWJWMS
Q]INHC CHWH[MO
S]ONHFEW B@]OGJWH@O
]/S/ QHYF
Ljyce :9. 91:9
Qymshgmow Ijyjcd @ijlj
@ijlj b`y Jlmyhcj
:31 M/ Yjog`nqe Sw/. s}hwm 211
Cehcjf`. HN. 2121:
Gmjy Qymshgmow @ijlj;
Imcj}sm sqmoghof ho wem 91:9 qymshgmowhjn cjlqjhfo hs rmyx nhdmnx w` mcnhqsm jnn qymrh`}s ymc`ygs.
`}y `yfjoh{jwh`os imnhmrm wem q}inhcs howmymsw ho nmjyohof wem hgmowhwhms jog y`nms `b wem cjoghgjwms
ljk`y b}ogyjhsmys hs l`ym }yfmow wehs mnmcwh`o cxcnm wejo mrmy imb`ym/
]shof i}ognmys w` jffymfjwm njyfm o}limys `b c`owyhi}wh`os ejs immo }smg w` fymjw mbbmcw js j
cjlqjhfo b}ogyjhshof w``n ho ymcmow qymshgmowhjn yjcms/ Wemo,F`r/ Fm`yfm V/ I}se smw j qymcmgmow
ho wem 9111 cjlqjhfo `b ghscn`shof i}ognmys. g}iimg Qh`ommys. ve` yjhsmg jw nmjsw ':11.111 `o
ehs imejnb/ Wem s}ccmsshrm qymshgmowhjn o`lhomms `b i`we wem Ymq}inhcjo jog Gml`cyjwhc qjywhms.
hocn}ghof x`}ysmnb. ejrm nhdmvhsm ghscn smg wemhy ljk y i}ognmys ho s}ismz}mow qymshgmowhjn
mnmcwh`os js ejrm smrmyjn cjoghgjwms ve` ghg o`w vho wemhy qjywxs o`lhojwh`o/ Vm c`ofyjw}njwm
x`} b`y x`}y c`llhwlmow w` wyjosqjymocx jog wejod x`} b`y swjoghof vhwe we`sm ve` ejrm e`o`ymg
wehs r`n}owjyx ghscn`s}ym `b qymshgmowhjn i}ognmys/
Vm jym vyhwhof w` x`} w`gjx w` jsd wejw x`} jg`qw wem sjlm q`nhcx `b ghscn`shof wem ymnmrjow gmwjhns
ji`}w x`}y ljk`y b}ogyjhsmys js hs ymz}hymg ix wem Bmgmyjn Mnmcwh`o Cjlqjhfo Jcw b`y g`o`ys w`
cjoghgjwms , ojlmnx. ix jgghof `cc}qjwh`o. mlqn`xmy jog {hq c`gm hob`yljwh`o w` wem ojlm. chwx
jog swjwm hob`yljwh`o x`}y cjlqjhfo o`v qy`rhgms/
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
2/15
Jns`. Vehnm Qymshgmow I}se %ho 9111 jog 9117(. Smo/ K`eo Dmyyx %ho 9117(. Smo/ K`eo LcCjho %ho
9115( jog x`}y cjlqjhfo %ho 9115 jog s` bjy ho 91:9( ejrm mjce ghscn`smg yjofms `y lhohl}ls
yjhsmg ix wemhy i}ognmys. vm imnhmrm hw hs ho wem q}inhcs howmymsw b`y wem qymshgmowhjn cjoghgjwms w`
jg`qw l`ym sqmchbhc ghscn`s}ym q`nhchms wehs cxcnm/
Gmsqhwm wem bjcw wejw wem E`omsw Nmjgmysehq jog @qmo F`rmyolmow Jcw `b 9116 ejs cymjwmg j
i}ognhof ghscn`s}ym ymz}hymlmow. hw ljogjwms wejw `onx i}ognmys ve` jym ymfhswmymg n`iixhsws im
ghscn`smg. jog mrmo wehs ymz}hymlmow cjo im mjshnx mrjgmg imcj}sm `b wem ljoomy ho vehce wem
Bmgmyjn Mnmcwh`o C`llhssh`o %BMC( ejs hlqnmlmowmg wem njv/ Js j yms}nw. hw hs jfjho mowhymnx }q w`
wem r`n}owjyx ghscn`s}yms `b mjce qymshgmowhjn cjoghgjwm w` qy`rhgm j wy}m jog jcc}yjwm qhcw}ym `b
wem y`nms jog hgmowhwhms `b i}ognmys b`y wemhy 91:9 cjlqjhfos/
Sqmchbhcjnnx. vm ymc`llmog wejw x`} jfymm w`;
Ghscn`sm qymchsm g`nnjy bhf}yms `b e`v l}ce l`omx x`}y cjlqjhfo jwwyhi}wms w` mjcehoghrhg}jn ve` ejs i}ognmg c`owyhi}wh`os `b jw nmjsw '=1.111/ Wem w`wjn cymghwmg w` johoghrhg}jn i}ognmy ix wem cjlqjhfo se`}ng hocn}gm wem w`wjn jl`}ow wem i}ognmy ejs yjhsmg
b`y x`}y `bbhchjn cjlqjhfo c`llhwwmm shocm hws nj}oce qn}s wem w`wjn yjhsmg b`y jox k`how
c`llhwwmm `y `wemy jbbhnhjwmg mowhwx wejw s}qq`yws x`}y cjlqjhfo/ Wem sjlm se`}ng jqqnx w`
jl`}ows yjhsmg b`y wem qjywx/
Muqjog wem gmwjhns ghscn`smg ji`}w x`}y i}ognmys w` hocn}gm o`w k}sw wemhy chwx jog swjwm. i}w
jns` wemhy {hq c`gm. mlqn`xmy jog `cc}qjwh`o/ S}ce ghscn`s}ym v`}ng o`w mucmmg vejw wem
Bmgmyjn Mnmcwh`o C`llhssh`o c}yymownx ymz}hyms b`y g`o`ys ve` c`owyhi}wm l`ym wejo '911/
B}ywemyl`ym. vm ymz}msw wejw jnn wehs hob`yljwh`o im ljgm jrjhnjinm w` wem q}inhc `o x`}y
cjlqjhfos vmishwm ho j b`yljw wejw cjo im g`von`jgmg. smjycemg jog s`ywmg/
@}y `yfjoh{jwh`os ymz}msw wejw x`} imfho w` ghscn`sm wehs hob`yljwh`o. vehce wem q}inhc hs mowhwnmg
w` do`v. c`oc}yymow vhwe x`}y omuw ymq yw w` wem Bmgmyjn Mnmcwh o C`llhssh`ocjnc}njwhof
i}ognmys b}ogyjhshof by`l wem imfhoohof `b x`}y cjlqjhfo wey`}fe wem njwmsw qmyh`g c`rmymg ix
ymq`yws bhnmg vhwe wem BMCjog wejw x`} }qgjwm wemsm i}ognhof ymc`ygs shl}nwjom`}s vhwe mrmyx
BMC bhnhof wey`}fe wem cjlqjhfo&s xmjy,mog ymq`yw/
Vm ymc`foh{m wejw `}y `yfjoh{jwh`os jym jsdhof x`} w` sejym l`ym hob`yljwh`o wejo wem njv
ymz}hyms `b qymshgmowhjn cjoghgjwms/ I}w hw&s o`w l`ym wejo wem Jlmyhcjo q}inhc gmsmyrms w` do`v/
Shocmymnx x`}ys.
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
3/15
Lhcejmn K/ Ljniho. Mumc}whrm Ghymcw`yCjlqjhfo Bhojocm Hoswhw}wm
K/ Fmyjng Emimyw. Mumc}whrm Ghymcw`yCjlqjhfo Nmfjn Cmowmy
Semhnj Dy}le`n{. Mumc}whrm Ghymcw`yCmowmy b`y Ymsq`oshrm Q`nhwhcs
I`i Mgfjy. QymshgmowC`ll`o Cj}sm
Bymg Vmywemhlmy. QymshgmowGml`cyjcx 9:
Mnhsjimwe LjcOjljyj. Qymshgmow
Nmjf}m `b V`lmo R`wmys `b wem ]ohwmg Swjwms
Gjrhg Jyd}se. Ghymcw`yQ}inhc Chwh{mos C`ofymss Vjwce Ghrhsh`o
Mnnmo Lhnnmy. Mumc}whrm Ghymcw`yS}onhfew B`}ogjwh`o
Fjyx Djnljo. Bmgmyjn Nmfhsnjwhrm @bbhcm Ghymcw`y]/S/ QHYF
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
4/15
CJLQJHFO BHOJOCM HOSWHW]WM
CJLQJHFO NMFJN CMOWMY
CMOWMYB@YYMSQ@OSHRM Q@NHWHCS
C@LL@O CJ]SM
GML@CYJCX 9:
NMJF]M@B V@LMO R@WMYS@BWEM ]OHWMG SWJWMS
Q]INHC CHWH[MO
S]ONHFEW B@]OGJWH@O
]/S/ QHYF
Ljyce :9. 91:9
Wem E`o`yjinm Omvw Fhofyhce
Omvw 91:9
3::1 Ljqnm Gyhrm. S}hwm 711
Jwnjowj FJ 3131=
Gmjy Ly/ Fhofyhce;
Imcj}sm sqmoghof ho wem 91:9 qymshgmowhjn cjlqjhfo hs rmyx nhdmnx w` mcnhqsm jnn qymrh`}s ymc`ygs.`}y `yfjoh{jwh`os imnhmrm wem q}inhcs howmymsw ho nmjyohof wem hgmowhwhms jog y`nms `b wem cjoghgjwms
ljk`y b}ogyjhsmys hs l`ym }yfmow wehs mnmcwh`o cxcnm wejo mrmy imb`ym/
]shof i}ognmys w` jffymfjwm njyfm o}limys `b c`owyhi}wh`os vjs }smg w` fymjw mbbmcw js j
cjlqjhfo b}ogyjhshof w``n ho wem 9111 qymshgmowhjn mnmcwh`o/ Wemo,F`r/ Fm`yfm V/ I}se smw j
qymcmgmow g}yhof wejw cjlqjhfo `b ghscn`shof i}ognmys. g}iimg Qh`ommys. ve` yjhsmg jw nmjsw
':11.111 `o ehs imejnb/ Wem s}ccmsshrm qymshgmowhjn o`lhomms `b i`we wem Ymq}inhcjo jog
Gml`cyjwhc qjywhms ejrm nhdmvhsm ghscn smg wemhy ljk y i}ognmys ho s}ismz}mow qymshgmowhjn
mnmcwh`os js ejrm smrmyjn cjoghgjwms ve` ghg o`w vho wemhy qjywxs o`lhojwh`o/
Vm jym vyhwhof w` x`} w`gjx w` jsd wejw x`} jg`qw wem sjlm q`nhcx `b ghscn`shof wem ymnmrjow gmwjhns
ji`}w x`}y ljk`y b}ogyjhsmys/
Vehnm Qymshgmow I}se %ho 9111 jog 9117(. Smo/ K`eo Dmyyx %ho 9117(. Smo/ K`eo LcCjho %ho 9115(
jog Qymshgmow @ijlj %ho 9115 jog s` bjy ho 91:9( ejrm mjce ghscn`smg yjofms `y lhohl}ls yjhsmg
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
5/15
ix wemhy i}ognmys. vm imnhmrm hw hs ho wem q}inhcs howmymsw b`y wem qymshgmowhjn cjoghgjwms w` jg`qw
l`ym sqmchbhc ghscn`s}ym q`nhchms wehs cxcnm/
Gmsqhwm wem bjcw wejw wem E`omsw Nmjgmysehq jog @qmo F`rmyolmow Jcw `b 9116 ejs cymjwmg j
i}ognhof ghscn`s}ym ymz}hymlmow. hw ljogjwms wejw `onx i}ognmys ve` jym ymfhswmymg n`iixhsws im
ghscn`smg. jog mrmo wehs ymz}hymlmow cjo im mjshnx mrjgmg imcj}sm `b wem ljoomy ho vehce wem
Bmgmyjn Mnmcwh`o C`llhssh`o %BMC( ejs hlqnmlmowmg wem njv/ Js j yms}nw. hw hs jfjho mowhymnx }q w`
wem r`n}owjyx ghscn`s}yms `b mjce qymshgmowhjn cjoghgjwm w` qy`rhgm j wy}m jog jcc}yjwm qhcw}ym `b
wem y`nms jog hgmowhwhms `b i}ognmys b`y wemhy 91:9 cjlqjhfos/
Sqmchbhcjnnx. vm ymc`llmog wejw x`} jfymm w`;
Ghscn`sm qymchsm g`nnjy bhf}yms `b e`v l}ce l`omx x`}y cjlqjhfo jwwyhi}wms w` mjcehoghrhg}jn ve` ejs i}ognmg c`owyhi}wh`os `b jw nmjsw '=1.111/ Wem w`wjn cymghwmg w` jo
hoghrhg}jn i}ognmy ix wem cjlqjhfo se`}ng hocn}gm wem w`wjn jl`}ow wem i}ognmy ejs yjhsmgb`y x`}y `bbhchjn cjlqjhfo c`llhwwmm shocm hws nj}oce qn}s wem w`wjn yjhsmg b`y jox k`how
c`llhwwmm `y `wemy jbbhnhjwmg mowhwx wejw s}qq`yws x`}y cjlqjhfo/ Hb x`} s}ccmmg ho vhoohof
x`}y qjywxs o`lhojwh`o. vm jsd wejw x`} jns` hocn}gm jl`}ows yjhsmg b`y wem qjywx ho x`}y
s}ismz}mow ghscn`smg w`wjns/
Hocn}gm wem ljhnhof jggymss. mlqn`xmy jog `cc}qjwh`o `b mjce i}ognmy/ S}ce ghscn`s}ym
v`}ng o`w mucmmg vejw wem Bmgmyjn Mnmcwh`o C`llhssh`o c}yymownx ymz}hyms b`y g`o`ys ve`
c`owyhi}wm l`ym wejo '911/ B}ywemyl`ym. vm ymz}msw wejw jnn wehs hob`yljwh`o im ljgm
jrjhnjinm w` wem q}inhc `o x`}y cjlqjhfos vmishwm ho j b`yljw wejw cjo im g`von`jgmg.
smjycemg jog s`ywmg/
@}y `yfjoh{jwh`os ymz}msw wejw x`} imfho w` ghscn`sm wehs hob`yljwh`o. vehce wem q}inhc hs mowhwnmg
w` do`v. c`oc}yymow vhwe x`}y omuw ymq yw w` wem Bmgmyjn Mnmcwh o C`llhssh`ocjnc}njwhof
i}ognmys b}ogyjhshof by`l wem imfhoohof `b x`}y cjlqjhfo wey`}fe wem njwmsw qmyh`g c`rmymg ix
ymq`yws bhnmg vhwe wem BMCjog wejw x`} }qgjwm wemsm i}ognhof ymc`ygs shl}nwjom`}s vhwe mrmyx
BMC bhnhof wey`}fe wem c`ocn}sh`o `b x`}y cjoghgjcx/ Hb x`} imc`lm wem o`lhomm. vm&g ymz}msw
wejw x`} jns` qy`rhgm bhojn i}ognmy gjwj vemo x`} bhnm x`}y xmjy,mog ymq`yw vhwe wem BMC/
Vm ymc`foh{m wejw `}y `yfjoh{jwh`os jym jsdhof x`} w` sejym l`ym hob`yljwh`o wejo wem njv
ymz}hyms `b qymshgmowhjn cjoghgjwms/ I}w hw&s o`w l`ym wejo wem Jlmyhcjo q}inhc gmsmyrms w` do`v/
Shocmymnx x`}ys.
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
6/15
Lhcejmn K/ Ljniho. Mumc}whrm Ghymcw`yCjlqjhfo Bhojocm Hoswhw}wm
K/ Fmyjng Emimyw. Mumc}whrm Ghymcw`yCjlqjhfo Nmfjn Cmowmy
Semhnj Dy}le`n{. Mumc}whrm Ghymcw`yCmowmy b`y Ymsq`oshrm Q`nhwhcs
I`i Mgfjy. QymshgmowC`ll`o Cj}sm
Bymg Vmywemhlmy. QymshgmowGml`cyjcx 9:
Mnhsjimwe LjcOjljyj. Qymshgmow
Nmjf}m `b V`lmo R`wmys `b wem ]ohwmg Swjwms
Gjrhg Jyd}se. Ghymcw`yQ}inhc Chwh{mos C`ofymss Vjwce Ghrhsh`o
Mnnmo Lhnnmy. Mumc}whrm Ghymcw`yS}onhfew B`}ogjwh`o
Fjyx Djnljo. Bmgmyjn Nmfhsnjwhrm @bbhcm Ghymcw`y]/S/ QHYF
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
7/15
CJLQJHFO BHOJOCM HOSWHW]WM
CJLQJHFO NMFJN CMOWMY
CMOWMYB@YYMSQ@OSHRM Q@NHWHCS
C@LL@O CJ]SM
GML@CYJCX 9:
NMJF]M@B V@LMO R@WMYS@BWEM ]OHWMG SWJWMS
Q]INHC CHWH[MO
S]ONHFEW B@]OGJWH@O
]/S/ QHYF
Ljyce :9. 91:9
Wem E`o`yjinm Y`o Qj}n
Y`o Qj}n 91:9 Qymshgmowhjn Cjlqjhfo C`llhwwmm
5111 B`yims Qnjcm. S}hwm 911
Sqyhofbhmng RJ 99:=:
Gmjy Ymq/ Qj}n;
Imcj}sm sqmoghof ho wem 91:9 qymshgmowhjn cjlqjhfo hs rmyx nhdmnx w` mcnhqsm jnn qymrh`}s ymc`ygs.
`}y `yfjoh{jwh`os imnhmrm wem q}inhcs howmymsw ho nmjyohof wem hgmowhwhms jog y`nms `b wem cjoghgjwmsljk`y b}ogyjhsmys hs l`ym }yfmow wehs mnmcwh`o cxcnm wejo mrmy imb`ym/
]shof i}ognmys w` jffymfjwm njyfm o}limys `b c`owyhi}wh`os vjs }smg w` fymjw mbbmcw js j
cjlqjhfo b}ogyjhshof w``n ho wem 9111 qymshgmowhjn mnmcwh`o/ Wemo,F`r/ Fm`yfm V/ I}se smw j
qymcmgmow g}yhof wejw cjlqjhfo `b ghscn`shof i}ognmys. g}iimg Qh`ommys. ve` yjhsmg jw nmjsw
':11.111 `o ehs imejnb/ Wem s}ccmsshrm qymshgmowhjn o`lhomms `b i`we wem Ymq}inhcjo jog
Gml`cyjwhc qjywhms ejrm nhdmvhsm ghscn smg wemhy ljk y i}ognmys ho s}ismz}mow qymshgmowhjn
mnmcwh`os js ejrm smrmyjn cjoghgjwms ve` ghg o`w vho wemhy qjywxs o`lhojwh`o/
Vm jym vyhwhof w` x`} w`gjx w` jsd wejw x`} jg`qw wem sjlm q`nhcx `b ghscn`shof wem ymnmrjow gmwjhnsji`}w x`}y ljk`y b}ogyjhsmys/
Vehnm Qymshgmow I}se %ho 9111 jog 9117(. Smo/ K`eo Dmyyx %ho 9117(. Smo/ K`eo LcCjho %ho 9115(
jog Qymshgmow @ijlj %ho 9115 jog s` bjy ho 91:9( ejrm mjce ghscn`smg yjofms `y lhohl}ls yjhsmg
ix wemhy i}ognmys. vm imnhmrm hw hs ho wem q}inhcs howmymsw b`y wem qymshgmowhjn cjoghgjwms w` jg`qw
l`ym sqmchbhc ghscn`s}ym q`nhchms wehs cxcnm/
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
8/15
Gmsqhwm wem bjcw wejw wem E`omsw Nmjgmysehq jog @qmo F`rmyolmow Jcw `b 9116 ejs cymjwmg j
i}ognhof ghscn`s}ym ymz}hymlmow. hw ljogjwms wejw `onx i}ognmys ve` jym ymfhswmymg n`iixhsws im
ghscn`smg. jog mrmo wehs ymz}hymlmow cjo im mjshnx mrjgmg imcj}sm `b wem ljoomy ho vehce wem
Bmgmyjn Mnmcwh`o C`llhssh`o %BMC( ejs hlqnmlmowmg wem njv/ Js j yms}nw. hw hs jfjho mowhymnx }q w`
wem r`n}owjyx ghscn`s}yms `b mjce qymshgmowhjn cjoghgjwm w` qy`rhgm j wy}m jog jcc}yjwm qhcw}ym `b
wem y`nms jog hgmowhwhms `b i}ognmys b`y wemhy 91:9 cjlqjhfos/
Sqmchbhcjnnx. vm ymc`llmog wejw x`} jfymm w`;
Ghscn`sm qymchsm g`nnjy bhf}yms `b e`v l}ce l`omx x`}y cjlqjhfo jwwyhi}wms w` mjcehoghrhg}jn ve` ejs i}ognmg c`owyhi}wh`os `b jw nmjsw '=1.111/ Wem w`wjn cymghwmg w` jo
hoghrhg}jn i}ognmy ix wem cjlqjhfo se`}ng hocn}gm wem w`wjn jl`}ow wem i}ognmy ejs yjhsmg
b`y x`}y `bbhchjn cjlqjhfo c`llhwwmm shocm hws nj}oce qn}s wem w`wjn yjhsmg b`y jox k`how
c`llhwwmm `y `wemy jbbhnhjwmg mowhwx wejw s}qq`yws x`}y cjlqjhfo/ Hb x`} s}ccmmg ho vhoohofx`}y qjywxs o`lhojwh`o. vm jsd wejw x`} jns` hocn}gm jl`}ows yjhsmg b`y wem qjywx ho x`}y
s}ismz}mow ghscn`smg w`wjns/
Hocn}gm wem ljhnhof jggymss. mlqn`xmy jog `cc}qjwh`o `b mjce i}ognmy/ S}ce ghscn`s}ym
v`}ng o`w mucmmg vejw wem Bmgmyjn Mnmcwh`o C`llhssh`o c}yymownx ymz}hyms b`y g`o`ys ve`
c`owyhi}wm l`ym wejo '911/ B}ywemyl`ym. vm ymz}msw wejw jnn wehs hob`yljwh`o im ljgm
jrjhnjinm w` wem q}inhc `o x`}y cjlqjhfos vmishwm ho j b`yljw wejw cjo im g`von`jgmg.
smjycemg jog s`ywmg/
@}y `yfjoh{jwh`os ymz}msw wejw x`} imfho w` ghscn`sm wehs hob`yljwh`o. vehce wem q}inhc hs mowhwnmg
w` do`v. c`oc}yymow vhwe x`}y omuw ymq yw w` wem Bmgmyjn Mnmcwh o C`llhssh`ocjnc}njwhof
i}ognmys b}ogyjhshof by`l wem imfhoohof `b x`}y cjlqjhfo wey`}fe wem njwmsw qmyh`g c`rmymg ix
ymq`yws bhnmg vhwe wem BMCjog wejw x`} }qgjwm wemsm i}ognhof ymc`ygs shl}nwjom`}s vhwe mrmyx
BMC bhnhof wey`}fe wem c`ocn}sh`o `b x`}y cjoghgjcx/ Hb x`} imc`lm wem o`lhomm. vm&g ymz}msw
wejw x`} jns` qy`rhgm bhojn i}ognmy gjwj vemo x`} bhnm x`}y xmjy,mog ymq`yw vhwe wem BMC/
Vm ymc`foh{m wejw `}y `yfjoh{jwh`os jym jsdhof x`} w` sejym l`ym hob`yljwh`o wejo wem njv
ymz}hyms `b qymshgmowhjn cjoghgjwms/ I}w hw&s o`w l`ym wejo wem Jlmyhcjo q}inhc gmsmyrms w` do`v/
Shocmymnx x`}ys.
Lhcejmn K/ Ljniho. Mumc}whrm Ghymcw`yCjlqjhfo Bhojocm Hoswhw}wm
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
9/15
K/ Fmyjng Emimyw. Mumc}whrm Ghymcw`yCjlqjhfo Nmfjn Cmowmy
Semhnj Dy}le`n{. Mumc}whrm Ghymcw`y
Cmowmy b`y Ymsq`oshrm Q`nhwhcs
I`i Mgfjy. QymshgmowC`ll`o Cj}sm
Bymg Vmywemhlmy. QymshgmowGml`cyjcx 9:
Mnhsjimwe LjcOjljyj. QymshgmowNmjf}m `b V`lmo R`wmys `b wem ]ohwmg Swjwms
Gjrhg Jyd}se. Ghymcw`yQ}inhc Chwh{mos C`ofymss Vjwce Ghrhsh`o
Mnnmo Lhnnmy. Mumc}whrm Ghymcw`yS}onhfew B`}ogjwh`o
Fjyx Djnljo. Bmgmyjn Nmfhsnjwhrm @bbhcm Ghymcw`y]/S/ QHYF
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
10/15
CJLQJHFO BHOJOCM HOSWHW]WM
CJLQJHFO NMFJN CMOWMY
CMOWMYB@YYMSQ@OSHRM Q@NHWHCS
C@LL@O CJ]SM
GML@CYJCX 9:
NMJF]M@B V@LMO R@WMYS@BWEM ]OHWMG SWJWMS
Q]INHC CHWH[MO
S]ONHFEW B@]OGJWH@O
]/S/ QHYF
Ljyce :9. 91:9
Wem E`o`yjinm Lhww Y`lomx
Lhww Y`lomx b`y Qymshgmow
Q/@/ I`u :786=2
I`sw`o LJ 19::7,86=2
Gmjy Ly/ Y`lomx;
Imcj}sm sqmoghof ho wem 91:9 qymshgmowhjn cjlqjhfo hs rmyx nhdmnx w` mcnhqsm jnn qymrh`}s ymc`ygs.`}y `yfjoh{jwh`os imnhmrm wem q}inhcs howmymsw ho nmjyohof wem hgmowhwhms jog y`nms `b wem cjoghgjwms
ljk`y b}ogyjhsmys hs l`ym }yfmow wehs mnmcwh`o cxcnm wejo mrmy imb`ym/
]shof i}ognmys w` jffymfjwm njyfm o}limys `b c`owyhi}wh`os vjs }smg w` fymjw mbbmcw js j
cjlqjhfo b}ogyjhshof w``n ho wem 9111 qymshgmowhjn mnmcwh`o/ Wemo,F`r/ Fm`yfm V/ I}se smw j
qymcmgmow g}yhof wejw cjlqjhfo `b ghscn`shof i}ognmys. g}iimg Qh`ommys. ve` yjhsmg jw nmjsw
':11.111 `o ehs imejnb/ Wem s}ccmsshrm qymshgmowhjn o`lhomms `b i`we wem Ymq}inhcjo jog
Gml`cyjwhc qjywhms ejrm nhdmvhsm ghscn smg wemhy ljk y i}ognmys ho s}ismz}mow qymshgmowhjn
mnmcwh`os js ejrm smrmyjn cjoghgjwms ve` ghg o`w vho wemhy qjywxs o`lhojwh`o/
Vm jym vyhwhof w` x`} w`gjx w` jsd wejw x`} jg`qw wem sjlm q`nhcx `b ghscn`shof wem ymnmrjow gmwjhns
ji`}w x`}y ljk`y b}ogyjhsmys/
Vehnm Qymshgmow I}se %ho 9111 jog 9117(. Smo/ K`eo Dmyyx %ho 9117(. Smo/ K`eo LcCjho %ho 9115(
jog Qymshgmow @ijlj %ho 9115 jog s` bjy ho 91:9( ejrm mjce ghscn`smg yjofms `y lhohl}ls yjhsmg
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
11/15
ix wemhy i}ognmys. vm imnhmrm hw hs ho wem q}inhcs howmymsw b`y wem qymshgmowhjn cjoghgjwms w` jg`qw
l`ym sqmchbhc ghscn`s}ym q`nhchms wehs cxcnm/
Gmsqhwm wem bjcw wejw wem E`omsw Nmjgmysehq jog @qmo F`rmyolmow Jcw `b 9116 ejs cymjwmg j
i}ognhof ghscn`s}ym ymz}hymlmow. hw ljogjwms wejw `onx i}ognmys ve` jym ymfhswmymg n`iixhsws im
ghscn`smg. jog mrmo wehs ymz}hymlmow cjo im mjshnx mrjgmg imcj}sm `b wem ljoomy ho vehce wem
Bmgmyjn Mnmcwh`o C`llhssh`o %BMC( ejs hlqnmlmowmg wem njv/ Js j yms}nw. hw hs jfjho mowhymnx }q w`
wem r`n}owjyx ghscn`s}yms `b mjce qymshgmowhjn cjoghgjwm w` qy`rhgm j wy}m jog jcc}yjwm qhcw}ym `b
wem y`nms jog hgmowhwhms `b i}ognmys b`y wemhy 91:9 cjlqjhfos/
Sqmchbhcjnnx. vm ymc`llmog wejw x`} jfymm w`;
Ghscn`sm qymchsm g`nnjy bhf}yms `b e`v l}ce l`omx x`}y cjlqjhfo jwwyhi}wms w` mjcehoghrhg}jn ve` ejs i}ognmg c`owyhi}wh`os `b jw nmjsw '=1.111/ Wem w`wjn cymghwmg w` jo
hoghrhg}jn i}ognmy ix wem cjlqjhfo se`}ng hocn}gm wem w`wjn jl`}ow wem i}ognmy ejs yjhsmgb`y x`}y `bbhchjn cjlqjhfo c`llhwwmm shocm hws nj}oce qn}s wem w`wjn yjhsmg b`y jox k`how
c`llhwwmm `y `wemy jbbhnhjwmg mowhwx wejw s}qq`yws x`}y cjlqjhfo/ Hb x`} s}ccmmg ho vhoohof
x`}y qjywxs o`lhojwh`o. vm jsd wejw x`} jns` hocn}gm jl`}ows yjhsmg b`y wem qjywx ho x`}y
s}ismz}mow ghscn`smg w`wjns/
Hocn}gm wem ljhnhof jggymss. mlqn`xmy jog `cc}qjwh`o `b mjce i}ognmy/ S}ce ghscn`s}ym
v`}ng o`w mucmmg vejw wem Bmgmyjn Mnmcwh`o C`llhssh`o c}yymownx ymz}hyms b`y g`o`ys ve`
c`owyhi}wm l`ym wejo '911/ B}ywemyl`ym. vm ymz}msw wejw jnn wehs hob`yljwh`o im ljgm
jrjhnjinm w` wem q}inhc `o x`}y cjlqjhfos vmishwm ho j b`yljw wejw cjo im g`von`jgmg.
smjycemg jog s`ywmg/
@}y `yfjoh{jwh`os ymz}msw wejw x`} imfho w` ghscn`sm wehs hob`yljwh`o. vehce wem q}inhc hs mowhwnmg
w` do`v. c`oc}yymow vhwe x`}y omuw ymq yw w` wem Bmgmyjn Mnmcwh o C`llhssh`ocjnc}njwhof
i}ognmys b}ogyjhshof by`l wem imfhoohof `b x`}y cjlqjhfo wey`}fe wem njwmsw qmyh`g c`rmymg ix
ymq`yws bhnmg vhwe wem BMCjog wejw x`} }qgjwm wemsm i}ognhof ymc`ygs shl}nwjom`}s vhwe mrmyx
BMC bhnhof wey`}fe wem c`ocn}sh`o `b x`}y cjoghgjcx/ Hb x`} imc`lm wem o`lhomm. vm&g ymz}msw
wejw x`} jns` qy`rhgm bhojn i}ognmy gjwj vemo x`} bhnm x`}y xmjy,mog ymq`yw vhwe wem BMC/
Vm ymc`foh{m wejw `}y `yfjoh{jwh`os jym jsdhof x`} w` sejym l`ym hob`yljwh`o wejo wem njv
ymz}hyms `b qymshgmowhjn cjoghgjwms/ I}w hw&s o`w l`ym wejo wem Jlmyhcjo q}inhc gmsmyrms w` do`v/
Shocmymnx x`}ys.
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
12/15
Lhcejmn K/ Ljniho. Mumc}whrm Ghymcw`yCjlqjhfo Bhojocm Hoswhw}wm
K/ Fmyjng Emimyw. Mumc}whrm Ghymcw`yCjlqjhfo Nmfjn Cmowmy
Semhnj Dy}le`n{. Mumc}whrm Ghymcw`yCmowmy b`y Ymsq`oshrm Q`nhwhcs
I`i Mgfjy. QymshgmowC`ll`o Cj}sm
Bymg Vmywemhlmy. QymshgmowGml`cyjcx 9:
Mnhsjimwe LjcOjljyj. Qymshgmow
Nmjf}m `b V`lmo R`wmys `b wem ]ohwmg Swjwms
Gjrhg Jyd}se. Ghymcw`yQ}inhc Chwh{mos C`ofymss Vjwce Ghrhsh`o
Mnnmo Lhnnmy. Mumc}whrm Ghymcw`yS}onhfew B`}ogjwh`o
Fjyx Djnljo. Bmgmyjn Nmfhsnjwhrm @bbhcm Ghymcw`y]/S/ QHYF
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
13/15
CJLQJHFO BHOJOCM HOSWHW]WM
CJLQJHFO NMFJN CMOWMY
CMOWMYB@YYMSQ@OSHRM Q@NHWHCS
C@LL@O CJ]SM
GML@CYJCX 9:
NMJF]M@B V@LMO R@WMYS@BWEM ]OHWMG SWJWMS
Q]INHC CHWH[MO
S]ONHFEW B@]OGJWH@O
]/S/ QHYF
Ljyce :9. 91:9
Wem E`o`yjinm Yhcd Sjow`y}l
Yhcd Sjow`y}l b`y Qymshgmow
Q/@/ I`u 36
Rmy`oj QJ :=:76
Gmjy Ly/ Sjow`y}l;
Imcj}sm sqmoghof ho wem 91:9 qymshgmowhjn cjlqjhfo hs rmyx nhdmnx w` mcnhqsm jnn qymrh`}s ymc`ygs.
`}y `yfjoh{jwh`os imnhmrm wem q}inhcs howmymsw ho nmjyohof wem hgmowhwhms jog y`nms `b wem cjoghgjwmsljk`y b}ogyjhsmys hs l`ym }yfmow wehs mnmcwh`o cxcnm wejo mrmy imb`ym/
]shof i}ognmys w` jffymfjwm njyfm o}limys `b c`owyhi}wh`os vjs }smg w` fymjw mbbmcw js j
cjlqjhfo b}ogyjhshof w``n ho wem 9111 qymshgmowhjn mnmcwh`o/ Wemo,F`r/ Fm`yfm V/ I}se smw j
qymcmgmow g}yhof wejw cjlqjhfo `b ghscn`shof i}ognmys. g}iimg Qh`ommys. ve` yjhsmg jw nmjsw
':11.111 `o ehs imejnb/ Wem s}ccmsshrm qymshgmowhjn o`lhomms `b i`we wem Ymq}inhcjo jog
Gml`cyjwhc qjywhms ejrm nhdmvhsm ghscn smg wemhy ljk y i}ognmys ho s}ismz}mow qymshgmowhjn
mnmcwh`os js ejrm smrmyjn cjoghgjwms ve` ghg o`w vho wemhy qjywxs o`lhojwh`o/
Vm jym vyhwhof w` x`} w`gjx w` jsd wejw x`} jg`qw wem sjlm q`nhcx `b ghscn`shof wem ymnmrjow gmwjhnsji`}w x`}y ljk`y b}ogyjhsmys/
Vehnm Qymshgmow I}se %ho 9111 jog 9117(. Smo/ K`eo Dmyyx %ho 9117(. Smo/ K`eo LcCjho %ho 9115(
jog Qymshgmow @ijlj %ho 9115 jog s` bjy ho 91:9( ejrm mjce ghscn`smg yjofms `y lhohl}ls yjhsmg
ix wemhy i}ognmys. vm imnhmrm hw hs ho wem q}inhcs howmymsw b`y wem qymshgmowhjn cjoghgjwms w` jg`qw
l`ym sqmchbhc ghscn`s}ym q`nhchms wehs cxcnm/
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
14/15
Gmsqhwm wem bjcw wejw wem E`omsw Nmjgmysehq jog @qmo F`rmyolmow Jcw `b 9116 ejs cymjwmg j
i}ognhof ghscn`s}ym ymz}hymlmow. hw ljogjwms wejw `onx i}ognmys ve` jym ymfhswmymg n`iixhsws im
ghscn`smg. jog mrmo wehs ymz}hymlmow cjo im mjshnx mrjgmg imcj}sm `b wem ljoomy ho vehce wem
Bmgmyjn Mnmcwh`o C`llhssh`o %BMC( ejs hlqnmlmowmg wem njv/ Js j yms}nw. hw hs jfjho mowhymnx }q w`
wem r`n}owjyx ghscn`s}yms `b mjce qymshgmowhjn cjoghgjwm w` qy`rhgm j wy}m jog jcc}yjwm qhcw}ym `b
wem y`nms jog hgmowhwhms `b i}ognmys b`y wemhy 91:9 cjlqjhfos/
Sqmchbhcjnnx. vm ymc`llmog wejw x`} jfymm w`;
Ghscn`sm qymchsm g`nnjy bhf}yms `b e`v l}ce l`omx x`}y cjlqjhfo jwwyhi}wms w` mjcehoghrhg}jn ve` ejs i}ognmg c`owyhi}wh`os `b jw nmjsw '=1.111/ Wem w`wjn cymghwmg w` jo
hoghrhg}jn i}ognmy ix wem cjlqjhfo se`}ng hocn}gm wem w`wjn jl`}ow wem i}ognmy ejs yjhsmg
b`y x`}y `bbhchjn cjlqjhfo c`llhwwmm shocm hws nj}oce qn}s wem w`wjn yjhsmg b`y jox k`how
c`llhwwmm `y `wemy jbbhnhjwmg mowhwx wejw s}qq`yws x`}y cjlqjhfo/ Hb x`} s}ccmmg ho vhoohofx`}y qjywxs o`lhojwh`o. vm jsd wejw x`} jns` hocn}gm jl`}ows yjhsmg b`y wem qjywx ho x`}y
s}ismz}mow ghscn`smg w`wjns/
Hocn}gm wem ljhnhof jggymss. mlqn`xmy jog `cc}qjwh`o `b mjce i}ognmy/ S}ce ghscn`s}ym
v`}ng o`w mucmmg vejw wem Bmgmyjn Mnmcwh`o C`llhssh`o c}yymownx ymz}hyms b`y g`o`ys ve`
c`owyhi}wm l`ym wejo '911/ B}ywemyl`ym. vm ymz}msw wejw jnn wehs hob`yljwh`o im ljgm
jrjhnjinm w` wem q}inhc `o x`}y cjlqjhfos vmishwm ho j b`yljw wejw cjo im g`von`jgmg.
smjycemg jog s`ywmg/
@}y `yfjoh{jwh`os ymz}msw wejw x`} imfho w` ghscn`sm wehs hob`yljwh`o. vehce wem q}inhc hs mowhwnmg
w` do`v. c`oc}yymow vhwe x`}y omuw ymq yw w` wem Bmgmyjn Mnmcwh o C`llhssh`ocjnc}njwhof
i}ognmys b}ogyjhshof by`l wem imfhoohof `b x`}y cjlqjhfo wey`}fe wem njwmsw qmyh`g c`rmymg ix
ymq`yws bhnmg vhwe wem BMCjog wejw x`} }qgjwm wemsm i}ognhof ymc`ygs shl}nwjom`}s vhwe mrmyx
BMC bhnhof wey`}fe wem c`ocn}sh`o `b x`}y cjoghgjcx/ Hb x`} imc`lm wem o`lhomm. vm&g ymz}msw
wejw x`} jns` qy`rhgm bhojn i}ognmy gjwj vemo x`} bhnm x`}y xmjy,mog ymq`yw vhwe wem BMC/
Vm ymc`foh{m wejw `}y `yfjoh{jwh`os jym jsdhof x`} w` sejym l`ym hob`yljwh`o wejo wem njv
ymz}hyms `b qymshgmowhjn cjoghgjwms/ I}w hw&s o`w l`ym wejo wem Jlmyhcjo q}inhc gmsmyrms w` do`v/
Shocmymnx x`}ys.
Lhcejmn K/ Ljniho. Mumc}whrm Ghymcw`yCjlqjhfo Bhojocm Hoswhw}wm
8/2/2019 Bundler Disclosure Letter to Presidential Candidates
15/15
K/ Fmyjng Emimyw. Mumc}whrm Ghymcw`yCjlqjhfo Nmfjn Cmowmy
Semhnj Dy}le`n{. Mumc}whrm Ghymcw`y
Cmowmy b`y Ymsq`oshrm Q`nhwhcs
I`i Mgfjy. QymshgmowC`ll`o Cj}sm
Bymg Vmywemhlmy. QymshgmowGml`cyjcx 9:
Mnhsjimwe LjcOjljyj. QymshgmowNmjf}m `b V`lmo R`wmys `b wem ]ohwmg Swjwms
Gjrhg Jyd}se. Ghymcw`yQ}inhc Chwh{mos C`ofymss Vjwce Ghrhsh`o
Mnnmo Lhnnmy. Mumc}whrm Ghymcw`yS}onhfew B`}ogjwh`o
Fjyx Djnljo. Bmgmyjn Nmfhsnjwhrm @bbhcm Ghymcw`y]/S/ QHYF