Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 44/74
Ben
Nelson
U.S. Senate · D-NE
Taken from the card industry
$29,100
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 44/74
Card-Issuing Banks$26,100
Credit Cards$3,000
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 44 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
$29,100
The industry spent on the bill
$100M+
on an eight-year industry push to pass the bankruptcy bill
Then, after office
Led the insurance commissioners' association, then ran a health-insurance brokerage.
Source: Georgetown CHIR; PR Newswire
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$26,100
Citigroup$14,700
Bank of America$5,250
Am. Bankers Assn.$5,000
Wells Fargo$1,150
Credit Cards$3,000
Consumer Bankers Assn$3,000