Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 12/74
John
Thune
U.S. Senate · R-SD
Taken from the card industry
$126,732
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 12/74
Card-Issuing Banks$97,167
Credit Cards$29,565
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 12 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
$126,732
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 Thune's control (Commonsense, Conservative Values PAC and Heartland Values PAC) took $1,193,500 from banks, card lenders, drug makers and insurers.
Source: FEC; Commonsense, Conservative Values PAC and Heartland Values PAC
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$97,167
Citigroup$31,250
Wells Fargo$27,917
Am. Bankers Assn.$20,000
Am. Financial Services$18,000
Credit Cards$29,565
Capital One$12,800
Consumer Bankers Assn$7,500
American Express$4,015
Visa$2,500
Discover$1,750
Mastercard$1,000