OutSpent
Series 3: The Fine Print

Commemorative Series No. 3 · The Fine Print

OUTSPENTNo. 62/74
Trent Lott
Trent
Lott
U.S. Senate · R-MS
VOTED YES★ BOUGHT & PAID FOR ★THE FINE PRINT · 2005$S.256
Taken from the card industry
$8,900
S.256 · the bankruptcy bill · 2005tap to flip ⤺
★ BOUGHT & PAID FOR ★THE FINE PRINT · 2005$S.256
WHO THEY WORK FORNo. 62/74
Card-Issuing Banks$5,000
Citigroup
Credit Cards$3,900
American Express
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT

Card 62 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
$8,900
The industry spent on the bill
$100M+

on an eight-year industry push to pass the bankruptcy bill

Then, after office

Became a lobbyist for Goldman Sachs, Citigroup and PhRMA.

Source: Washington Post; Center for Public Integrity

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$5,000
  • Citigroup$5,000
Credit Cards$3,900
  • American Express$3,900
ChafeeLugar

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