Sen. Cornyn raising money tomorrow - the day of financial industry vote

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Tomorrow, Sen. Jeff Cornyn is scheduled to attend, "Margaritas and Mariachi," a National Republican Senatorial Committee (NRSC) fundraiser—the same day we might see a cloture vote on the financial overhaul legislation.

 

Also this week, Sen. Bob Menendez will continue to push his legislation to increase the economic liablility caps for companies like BP from $75 million to $10 billion.

 

So who is Sen. Cornyn, Senate Republicans’ chief fundraiser, raising money from this week? Financial and energy industry lobbyists. The list of clients ofsome of the lobbyists hosting the event is below, with the amount of money they’ve spent on all of their lobbying from 2009 through March 31, 2010 in parentheses.

 

Lobbyists representing these energy companies:

  • Intrepid Mining ($569,000)
  • Occidental Petroleum ($3,327,855)
  • Marathon Oil ($11,330,000)

 

Lobbyists representing financial firms:

  • American Bankers Association ($11,507,000)
  • TPG Capital ($73,000)
  • Ernst & Young ($2,964,201)
  • Harbert Management ($290,000)

Over his career, Sen. Cornyn has received more than $1.6 million from oil and gas interests and $3.8 million from financial interests, according to the Center for Responsive Politics.

 

Just a few weeks ago, before debate on financial reform legislation began, Sen. Cornyn joined Sen. Mitch McConnell for meetings with several Wall Street executives. In the days that followed their secret New York City meetings, Sen. McConnell and Sen. Cornyn repeatedly voted to prevent debate on the bill from beginning.

 

I wonder what dinner conversation will be like tomorrow night at NRSC HQ. Leave your suggestions in the comments below.