Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 26/74
Chuck
Grassley
U.S. Senate · R-IA
Taken from the card industry
$69,351
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 26/74
Card-Issuing Banks$66,851
Credit Cards$2,500
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 26 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
$69,351
The industry spent on the bill
$100M+
on an eight-year industry push to pass the bankruptcy bill
Through the leadership PAC
Beyond the campaign account, a leadership PAC under Grassley's control (Goldfinch PAC and The Hawkeye PAC) took $520,000 from banks, card lenders, drug makers and insurers.
Source: FEC; Goldfinch PAC and The Hawkeye PAC
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.
★ Hall of Shame
Grassley voted with the money in more than one set:
Don't recognize a logo? Here's the key.
Card-Issuing Banks$66,851
Am. Bankers Assn.$30,000
Wells Fargo$29,305
Am. Financial Services$7,000
Bank of America$391
JPMorgan$155
Credit Cards$2,500
Discover$1,500
Consumer Bankers Assn$1,000