OutSpent
Series 3: The Fine Print

Commemorative Series No. 3 · The Fine Print

OUTSPENTNo. 14/74
Mike Crapo
Mike
Crapo
U.S. Senate · R-ID
VOTED YES★ BOUGHT & PAID FOR ★THE FINE PRINT · 2005$S.256
Taken from the card industry
$115,450
S.256 · the bankruptcy bill · 2005tap to flip ⤺
★ BOUGHT & PAID FOR ★THE FINE PRINT · 2005$S.256
WHO THEY WORK FORNo. 14/74
Card-Issuing Banks$84,450
Am. Bankers Assn.Am. Financial ServicesWells FargoCitigroupJPMorganBank of America
Credit Cards$31,000
Consumer Bankers AssnDiscover
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT

Card 14 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
$115,450
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 Crapo's control (Freedom Fund and Idaho Conservative Growth Fund) took $1,559,500 from banks, card lenders, drug makers and insurers.

Source: FEC; Freedom Fund and Idaho Conservative Growth Fund

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

Crapo voted with the money in more than one set:

Don't recognize a logo? Here's the key.
Card-Issuing Banks$84,450
  • Am. Bankers Assn.$34,500
  • Am. Financial Services$25,500
  • Wells Fargo$15,050
  • Citigroup$6,400
  • JPMorgan$2,000
  • Bank of America$1,000
Credit Cards$31,000
  • Consumer Bankers Assn$27,500
  • Discover$3,500
SpecterSununu

Is one of them yours?

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