Consumerist: Lawmakers Who Want To Hand ‘Get Out Of Jail Free’ Card To Banks Made Millions From Financial Sector Last Year

Here.  Excerpt:

[T]he two main sponsors — Rep. Jeb Hensarling (TX) and Sen. Mike Crapo (ID) — received a total of $6 million in campaign contributions from the financial sector in 2016, with $1.9 million going to Hensarling’s campaign and $4.1 million going to Crapo.

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Sen. Pat Toomey (PA) received a total of $7 million from this sector in 2016. According to the Center for Responsive Politics, Toomey was the largest recipient of funding from commercial banks last year, * * *

* * * Sen. Bob Corker (TN), whose campaign took in $3.7 million from this sector, * * * Arkansas Senator Tom Cotton raised $2.7 million from financial firms in 2016, * * *

The eight Senate sponsors of this bill received a total of $24 million — an average of $3 million each — in 2016 from the industry that would be most affected by the new rules.

Over in the House, the individual numbers aren’t as large, but they do add up, with the supporting legislators’ campaigns earning more than $22 million from financial companies in the last election cycle.


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