to any contribution or expenditure by the corporation, national
bank, or labor organization, as the case may be, prohibited by this
section.
(b) Definitions; Particular Activities Prohibited or
Allowed
(1) For the purposes of this section the term “labor
organization” means any organization of any kind,
or any agency or employee representation
committee or plan, in which employees participate
and which exists for the purpose, in whole or in
part, of dealing with employers concerning
grievances, labor disputes, wages, rates of pay,
hours of employment, or conditions of work.
(2) For purposes of this section and section 79l(h) of
Title 15, the term “contribution or expenditure”
includes a contribution or expenditure, as those
terms are defined in section 431 of this title, and
also includes any direct or indirect payment,
distribution, loan, advance, deposit, or gift of
money, or any services, or anything of value
(except a loan of money by a national or State bank
made in accordance with the applicable banking
laws and regulations and in the ordinary course of
business) to any candidate, campaign committee, or
political party or organization, in connection with
any election to any of the offices referred to in this
section or for any applicable electioneering
communication, but shall not include (A)
communications by a corporation to its
stockholders and executive or administrative
personnel and their families or by a labor
organization to its members and their families on
any subject; (B) nonpartisan registration and getout-the-vote campaigns by a corporation aimed at
its stockholders and executive or administrative
personnel and their families, or by a labor
259
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