News

US Chamber of Commerce and Industry Coalition of Major Donors Oppose DISCLOSE Act
Emily Calhoun | June 03, 2010
June 2, 2010 - The US Chamber of Commerce was joined by a coalition of industry trade organizations in opposition to a bill that would establish new campaign finance disclosure rules. In the wake of the Supreme Court's Citizens United ruling, legislators - expecting unprecedented levels of spending by special interest groups - are seeking to require organizations running political ads to disclose their donors.
Senate DISCLOSE Act Conferees Received over $15M from Financial Interests Over The Last 6 Years
Emily Calhoun | May 25, 2010
May 25, 2010 - The Senate has named its committee members appointed to negotiate in conference with the House on the Financial Reform bill.
Senate Republicans Vote With the Money; Wall Street Wins Over Car Dealers
Emily Calhoun | May 24, 2010
May 24, 2010 - A look at the campaign contributions to Senate Republicans from both groups over the last few election cycles might explain why the auto dealer exemption didn't make it off the lot.
States’ Rights to Cap Interest Rates Defeated by Senators Receiving Money from Banks and Credit Industry
Emily Calhoun |
May 20, 2010 - On Wednesday, May 19, the Senate defeated an amendment introduced by Sheldon Whitehouse (D-RI) that would "restore to the states the right to protect consumers from usurious lenders." Senators opposing the amendment received 129% more money from banks and credit institutions, such as American Express, Moneytree International and Ace Cash Express, that would be negatively impacted by the measure.
Senate Blocked From Final Vote on S 3217: the Restoring American Financial Stability Act of 2010
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May 19, 2010 - The Senate was blocked Wednesday afternoon from moving to a final vote on financial regulatory reform. Senators voting to proceed received 28% less money from industries opposing the bill than those wanting the debate to continue.
Republicans Supporting Stricter Loan Origination Rules Receive Half as Much Money from Mortgage Brokers
Emily Calhoun |
May 13, 2010 - Five Senate Republicans crossed party lines to support a Wall Street Reform measure to reign in predatory loan practices; on average they received half as much money from the mortgage brokerage industry than the Republicans who opposed the measure.
Senate votes to Audit the Fed
Emily Calhoun |
May 12, 2010 - Yesterday's Senate floor debate on Wall Street Reform began with votes on two amendments related to auditing the Federal Reserve. Commercial banks and bank holding companies have contributed millions of dollars to Senate and House campaigns. Because these banks have spread their money to supporters and opponents alike, there was no significant correlation on the Vitter amendment between Senators' votes and the amount of money they received from these banks.
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