Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 21/74
Robert
Bennett
U.S. Senate · R-UT
Taken from the card industry
$82,837
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 21/74
Card-Issuing Banks$74,937
Credit Cards$7,900
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 21 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
$82,837
The industry spent on the bill
$100M+
on an eight-year industry push to pass the bankruptcy bill
Then, after office
Lobbied for clients including JPMorgan Chase and the Financial Services Forum.
Source: Arent Fox; HuffPost
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.
Don't recognize a logo? Here's the key.
Card-Issuing Banks$74,937
Citigroup$33,200
JPMorgan$17,000
Am. Bankers Assn.$10,937
Wells Fargo$8,050
Am. Financial Services$4,000
Bank of America$1,750
Credit Cards$7,900
Visa$4,400
Discover$3,500