Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 05/74
Olympia
Snowe
U.S. Senate · R-ME
Taken from the card industry
$213,200
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 05/74
Credit Cards$199,200
Card-Issuing Banks$14,000
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 5 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
$213,200
The industry spent on the bill
$100M+
on an eight-year industry push to pass the bankruptcy bill
Then, after office
Took board seats at a Wall Street firm (T. Rowe Price), a health insurer (Aetna), and a consumer lender (Synchrony).
Source: SEC filings, 2013-2014
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.
Credit Cards$199,200
MBNA$198,200
American Express$1,000
Card-Issuing Banks$14,000
Am. Bankers Assn.$10,000
Bank of America$3,500
Wells Fargo$500