NEWS

Ron Paul Chosen to Head the House Financial Services Domestic Monetary Policy Subcommittee

Chad Outler | December 17, 2010

Dec. 17, 2010 -- According to an article written by Peter Schroeder for The Hill, Rep. Ron Paul (R-Texas) has been selected to chair the House Financial Services Domestic Monetary Policy & Technology Subcommittee.

Paul, a graduate of Duke University Medical School, represents Texas' 14th Congressional District, located on the Gulf Coast.

Rep. Paul has been an outspoken critic of the Federal Reserve Bank's inflation policies, and has introduced legislation aimed at auditing the Fed.

The following are the top ten contributors to Paul's campaign by interest group:

InterestContributions
Real Estate$12,450
Health Professionals$9,700
Misc Business$9,010
Banks and Credit$7,300
Securities & Investment$7,300
Misc Manufacturing & Distributing     $6,680
Waste Management$4,000
Home Builders$3,800
Livestock$3,460
Construction Services$3,400

Rep. Ron Paul (R-Texas) will replace Melvin L. Watt (D-N.C.) as chairman of the House Financial Services Domestic Monetary Policy & Technology Subcommittee. The following are the top ten contributors to Watt's campaign by interest group:

InterestContributions
Banks and Credit$41,750
Lawyers/Law Firms$40,700
Securities & Investment                      $34,000
Insurance$33,000
Industrial Unions$28,500
Misc Finance$27,100
TV/Movies/Music$26,500
General Labor Unions$21,000
Railroads$21,000
Public Sector Unions$18,000

Contributions above are for the last two years of available data, Oct 14, 2008 - Oct 13, 2010. Contributions from political parties and from other candidates are not included in the "Top 10" lists. Contributions data provided by the Center for Responsive Politics (OpenSecrets.org).

Media Contact:
press@maplight.org
510-868-0894