Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 02/74
Mitch
McConnell
U.S. Senate · R-KY
Taken from the card industry
$392,900
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 02/74
Card-Issuing Banks$216,470
Credit Cards$176,430
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 2 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
$392,900
The industry spent on the bill
$100M+
on an eight-year industry push to pass the bankruptcy bill
In the family
His wife, Elaine Chao, was a banker at Citicorp and Bank of America. Her family's shipping firm relies on Chinese state-bank financing.
Source: The Intercept; CNN
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
McConnell voted with the money in more than one set:
Don't recognize a logo? Here's the key.
Card-Issuing Banks$216,470
Citigroup$85,175
JPMorgan$42,664
Am. Bankers Assn.$26,500
Am. Financial Services$23,000
Wells Fargo$20,585
Bank of America$18,546
Credit Cards$176,430
American Express$65,930
Capital One$54,195
Consumer Bankers Assn$34,000
Mastercard$20,000
Discover$1,635
Visa$670