Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 42/74
Evan
Bayh
U.S. Senate · D-IN
Taken from the card industry
$30,300
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 42/74
Card-Issuing Banks$20,450
Credit Cards$9,850
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 42 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
$30,300
The industry spent on the bill
$100M+
on an eight-year industry push to pass the bankruptcy bill
Then, after office
Advised the private-equity firm Apollo for about $2 million and joined Fifth Third Bank's board. His wife sat on Anthem's board for a decade.
Source: Washington Examiner; Salon
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$20,450
Am. Bankers Assn.$5,000
Bank of America$4,300
Wells Fargo$4,000
Citigroup$3,450
JPMorgan$2,700
Am. Financial Services$1,000
Credit Cards$9,850
Discover$5,250
American Express$3,100
Mastercard$1,000
MBNA$500