Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 53/74
Wayne
Allard
U.S. Senate · R-CO
Taken from the card industry
$17,050
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 53/74
Card-Issuing Banks$16,050
Credit Cards$1,000
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 53 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
$17,050
The industry spent on the bill
$100M+
on an eight-year industry push to pass the bankruptcy bill
Through the leadership PAC
His leadership PAC took credit-card money (MBNA, American Express, Sallie Mae) during the bankruptcy-bill years, while he sat on the Banking Committee that wrote it.
Source: FEC C00327437
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$16,050
Wells Fargo$14,050
Am. Bankers Assn.$2,000
Credit Cards$1,000
American Express$1,000