Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 47/74
Thomas
Coburn
U.S. Senate · R-OK
Taken from the card industry
$21,450
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 47/74
Card-Issuing Banks$15,350
Credit Cards$6,100
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 47 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
$21,450
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 Coburn's control (Truth Accountability And Courage Political Action Committee (tacpac)) took $78,750 from banks, card lenders, drug makers and insurers.
Source: FEC; Truth Accountability And Courage Political Action Committee (tacpac)
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$15,350
Am. Bankers Assn.$10,000
Bank of America$4,400
Wells Fargo$500
Citigroup$450
Credit Cards$6,100
American Express$5,000
Discover$1,100