ANALYSIS: HOUSE FINANCIAL SERVICES COMMITTEE RECEIVED $62.9 MILLION IN CAMPAIGN CONTRIBUTIONS FROM FINANCIAL, INSURANCE, AND REAFOR IMMEDIATE RELEASE:
Wed, 07/08/2009 - 11:17am
ANALYSIS: HOUSE FINANCIAL SERVICES COMMITTEE RECEIVED $62.9 MILLION IN CAMPAIGN CONTRIBUTIONS FROM FINANCIAL, INSURANCE, AND REAL ESTATE INTERESTS
Washington, D.C. – An analysis of campaign finance data by Public Campaign Action Fund, a national campaign finance watchdog group, found that members on the House Financial Services Committee have received $62.9 million in campaign donations from financial, insurance, and real estate interests. The data, which was compiled by the nonpartisan Center for Responsive Politics, covers lifetime campaign contributions received by the 71 members on the committee.
“Wall Street and their allies on Capitol Hill should not write the rules that govern the financial, banking, and housing industries,” said David Donnelly, national campaigns director for Public Campaign Action Fund. “Their years of influence peddling, big money campaign contributions, and unaccountable rampant greed got us into this mess. Congress should follow Chairman Barney Frank’s example and stand up to these well-heeled special interests. It’s time to put consumers, workers, homeowners, and taxpayers first for a change.”
Public Campaign Action Fund’s analysis of campaign contributions found that:
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