Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 31/74
Kent
Conrad
U.S. Senate · D-ND
Taken from the card industry
$48,616
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 31/74
Card-Issuing Banks$48,116
Credit Cards$500
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 31 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
$48,616
The industry spent on the bill
$100M+
on an eight-year industry push to pass the bankruptcy bill
Then, after office
Joined the board of the insurer Genworth weeks after leaving the Senate.
Source: Bloomberg, 2013
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$48,116
Citigroup$22,616
JPMorgan$15,000
Am. Bankers Assn.$7,000
Am. Financial Services$2,000
Wells Fargo$1,500
Credit Cards$500
American Express$500