DATA RELEASE: House No-Voters on Financial Reform Take Cue From Banks
BERKELEY, CA, July 2, 2010 - The House recently approved the Conference Report to HR 4173, a sweeping change to regulations over the financial services industry. In a mostly party line vote, the 192 no-voters received on average 41% more in contributions from big banks than the 237 members voting in favor of passage. Three Republicans joined Democrats in favor of passage while 19 Democrats sided with Republicans against passage.
- Representatives Voting 'No' took in an average of $20,995
- Representatives Voting 'Yes' took in an average of $14,857
Many industries are looking to carve out exemptions for their businesses or see certain provisions removed all together. See our previous post for list of industries that split their support and opposition.
See the break downs by vote and party at MAPLight.org.
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MAPLight.org is a nonpartisan, nonprofit, 501(c)(3) organization based in Berkeley, California. Its mission is to illuminate the connection between Money and Politics (MAP) using our groundbreaking database of campaign contributions and legislative votes. MAPLight.org combines data from the Federal Election Commission, the Center for Responsive Politics, GovTrack.us, the National Institute on Money in State Politics (NIMSP), the Los Angeles City Ethics Commission and other sources to better inform Americans and local and national media about the role of special-interest money in our political system. Hundreds of newspapers, TV stations, radio shows and online news sites have cited MAPLight.org's research, including CNN, the public radio show Marketplace, Harper's, The Washington Post, and Reuters.
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