Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 69/74
Kit
Bond
U.S. Senate · R-MO
Taken from the card industry
$3,000
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 69/74
Credit Cards$2,000
Card-Issuing Banks$1,000
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 69 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
$3,000
The industry spent on the bill
$100M+
on an eight-year industry push to pass the bankruptcy bill
Through the leadership PAC
His leadership PAC took bank and drug money (Freddie Mac, Fannie Mae, Amgen, Express Scripts), though no card issuer.
Source: FEC C00410357
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.
Credit Cards$2,000
Capital One$2,000
Card-Issuing Banks$1,000
Bank of America$1,000