Verizon is affected by a wide variety of government policies that have an enormous impact on our business. We owe it to our shareowners, employees and customers to advocate public policies that will enable us to create new services for our customers and compete fairly in the marketplace. In 2021, our policy priorities will cover a range of issues, including but not limited to:
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 17states. 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. Verizon also participates in trade associations that advocate on behalf of their members. This report lists all PAC contributions, corporate political contributions, support for ballot initiatives and independent expenditures made by Verizon and its affiliates during the first six months of 2021. It also lists our Public Policy organization's significant memberships in trade associations and issue advocacy organizations and provides a link to our federal lobbying reports.
Our political activity 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 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.