Congress

Of tweens, lobbyists, and campaign cash

We at Public Campaign Action Fund love a good concert as much as the next person, so we're not going to bash people for choosing to see Taylor Swift at the Verizon Center in DC tomorrow.

 

I was perusing the upcoming Congressional fundraisers over at PoliticalPartyTime.org and noticed that a few lobbyists and members of Congress will be in attendance--but for fundraisers. I have a feeling it's not the concert of choice for middle-aged members of Congress. Here's the list:

" A good investment"

Roll Call has a story today on K street lobbyists, in anticipation of a possible Republican takeover of the House of Representatives, cozying up to would-be Speaker John Boehner, and advising their clients to "invest" in Republican candidates.

 

Senate finance conferees receive $57 million in campaign cash

Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) have announced the Senators that will participate in the conference committee to reconcile the U.S. House and Senate financial reform bills. As the New York Times reported this weekend, financial industry lobbyists are pushing hard to weaken these reforms.

Goldman Sach's Washington ties

It was announced this morning that the Securities and Exchange Commission has accused Goldman Sachs "of securities fraud in a civil suit filed Friday...which claims the bank created and sold a mortgage investment that was secretly devised to fail."

 

The firm is a major player on Wall Street—and K Street in Washington, D.C. Leading up to the economic bust in 2008 and continuing to today, the firm has spent millions dollars on lobbying and campaign contributions.

 

Sen. Corker's $3 million from financial industry interests

While it's unclear how Sen. Bob Corker will end up voting on the current financial reform bill being debated, it is clear he's received a lot of money from the industry over the years, according to data put together by Public Campaign Action Fund.

 

Sen. Corker has depended on financial industry dollars to fund his campaigns for public office.[1]

Sen. Shelby and financial industry ties

Sen. Shelby has publicly opposed major portions of the financial reform bill currently being debated in the U.S. Senate. The bill is being opposed by many of the same Wall Street banks that wrecked our economy. Those same interests have also given big campaign contributions to Sen. Shelby over the years.

 

Sen. Shelby has depended on financial industry dollars to fund his campaigns for public office.[1]

 

Sen. McConnell takes financial industry cash, opposes financial industry reform

ThinkProgress.org reports that this morning Sen. Mitch McConnell (R-Ky.) took to the Senate floor to announce his opposition to financial reform legislation. Sen. McConnell’s speech comes just one day after Fox News reported that Sen. McConnell held a private meeting last week with leading Wall Street executives and hedge fund managers. Also at the meeting was Sen.

PRESS RELEASE: After one year, support for Fair Elections Now Act at all time high

Public Campaign issued a press release today marking the one year anniversary of the the introduction of the Fair Elections Now Act (S. 752, H.R. 1826) in Congress.

 

67 fundraisers in 24 hours

NPR: Groups push for public financing

This morning on NPR, Peter Overby interviewed several Fair Elections advocates about pushing for public financing of elections in the wake of the Supreme Court's decision in Citizens United v. FEC. You can listen to the piece below: