OutSpent
Series 3: The Fine Print

Commemorative Series No. 3 · The Fine Print

OUTSPENTNo. 50/74
Lamar Alexander
Lamar
Alexander
U.S. Senate · R-TN
VOTED YES★ BOUGHT & PAID FOR ★THE FINE PRINT · 2005$S.256
Taken from the card industry
$20,000
S.256 · the bankruptcy bill · 2005tap to flip ⤺
★ BOUGHT & PAID FOR ★THE FINE PRINT · 2005$S.256
WHO THEY WORK FORNo. 50/74
Card-Issuing Banks$18,500
Am. Bankers Assn.JPMorganWells Fargo
Credit Cards$1,500
American ExpressMBNA
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT

Card 50 of 74 · tap the card to see who they work for

Beyond the check

The check is only the part you can see.

They took
$20,000
The industry spent on the bill
$100M+

on an eight-year industry push to pass the bankruptcy bill

Through the leadership PAC

Beyond the campaign account, a leadership PAC under Alexander's control (Tenn Political Action Committee Inc (tenn Pac)) took $480,000 from banks, card lenders, drug makers and insurers.

Source: FEC; Tenn Political Action Committee Inc (tenn Pac)

The industry figure is lobbying spent on the bill, not a payment to this senator. Source: contemporary reporting (NBER; PBS Frontline). Everything here is documented public record; nothing alleges an illegal act.

★ Hall of Shame

Alexander voted with the money in more than one set:

Don't recognize a logo? Here's the key.
Card-Issuing Banks$18,500
  • Am. Bankers Assn.$15,000
  • JPMorgan$2,500
  • Wells Fargo$1,000
Credit Cards$1,500
  • American Express$1,000
  • MBNA$500
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