Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 07/74
Tim
Johnson
U.S. Senate · D-SD
Taken from the card industry
$201,682
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 07/74
Card-Issuing Banks$149,182
Credit Cards$52,500
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 7 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
$201,682
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 Johnson's control (South Dakota First) took $226,319 from banks and card lenders.
Source: FEC; South Dakota First
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$149,182
Citigroup$73,020
JPMorgan$42,100
Am. Financial Services$12,000
Am. Bankers Assn.$10,000
Wells Fargo$9,562
Bank of America$2,500
Credit Cards$52,500
Capital One$41,000
Consumer Bankers Assn$9,500
American Express$1,000
Discover$1,000